Calix (NYSE:CALX) Upgraded by Zacks Research to “Strong-Buy” Rating

Calix (NYSE:CALX) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on CALX. Weiss Ratings reiterated a “sell (d-)” rating on shares of Calix in a report on Monday, December 29th. Craig Hallum reiterated a “buy” rating and issued a $75.00 price target on shares of Calix in a report on Friday, October 31st. Needham & Company LLC decreased their price objective on shares of Calix from $82.00 to $70.00 and set a “buy” rating for the company in a report on Thursday. Roth Mkm set a $85.00 target price on shares of Calix and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, UBS Group reaffirmed an “outperform” rating and set a $75.00 target price on shares of Calix in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Calix has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Calix Stock Performance

Shares of Calix stock opened at $46.65 on Wednesday. Calix has a 52-week low of $28.60 and a 52-week high of $71.22. The company’s 50 day moving average price is $54.55 and its 200-day moving average price is $57.71. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 186.60 and a beta of 1.55.

Calix (NYSE:CALX) last announced its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. Calix had a net margin of 1.79% and a return on equity of 2.36%. The company’s revenue was up 32.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, equities research analysts forecast that Calix will post -0.43 earnings per share for the current fiscal year.

Calix declared that its board has initiated a stock buyback plan on Wednesday, January 28th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the communications equipment provider to purchase up to 3.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 420,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $64.09, for a total value of $26,917,800.00. Following the transaction, the director owned 1,694,188 shares in the company, valued at approximately $108,580,508.92. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total transaction of $3,267,000.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 520,000 shares of company stock worth $33,449,800. 16.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Congress Asset Management Co. grew its position in Calix by 3.2% during the third quarter. Congress Asset Management Co. now owns 1,463,202 shares of the communications equipment provider’s stock valued at $89,797,000 after buying an additional 45,258 shares during the period. Alliancebernstein L.P. grew its position in shares of Calix by 4.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock valued at $86,515,000 after acquiring an additional 61,247 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Calix by 214.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after purchasing an additional 868,987 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Calix by 14.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock worth $64,077,000 after purchasing an additional 152,469 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in Calix by 14.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 913,698 shares of the communications equipment provider’s stock valued at $48,600,000 after purchasing an additional 117,239 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Trending Headlines about Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 beat on revenue and EPS: Calix reported revenue of $272.4M (up ~32% YoY) and reported $0.39 EPS, edging past consensus — evidence of healthy demand. Calix Tops Q4 Estimates
• Positive Sentiment: Large TAM disclosure: Management outlined a $1B–$1.5B BEAD opportunity and reiterated plans for sustained revenue growth in 2026, supporting a multi-year growth story if execution follows. BEAD Opportunity
• Positive Sentiment: Expanded share repurchase: The board authorized a $125M buyback (about ~3.4% of shares), a capital-return sign that the board views shares as undervalued and that could support EPS over time. Buyback Announcement
• Positive Sentiment: Analyst appetite: Several firms keep bullish views and elevated price targets (median targets point materially above current levels), and Rosenblatt reiterated a Buy — institutional/analyst sentiment remains constructive. Analyst Price Targets Rosenblatt Reiterates Buy
• Neutral Sentiment: Earnings-call detail: Management highlighted record revenue and strategic initiatives (product/service expansion, GTM focus). The full transcript contains color on margin timing and BEAD execution plans for investors to digest. Earnings Call Highlights Call Transcript
• Neutral Sentiment: Valuation discussion: Analysts and media are re-running valuation scenarios post-quarter (including buyback impact), which could support higher targets if margin expansion and BEAD conversion prove out. Valuation After Q4
• Negative Sentiment: Market reaction to guidance/forward outlook: Multiple reports say investors were disappointed by management’s forward commentary (guidance and/or margin trajectory), and shares sold off despite the in-line beat. Guidance Disappoints
• Negative Sentiment: Profitability metrics were mixed: while revenue and non‑GAAP results looked strong, GAAP operating profit and net income showed year-over-year compression (investors are focused on margin recovery and how investments will translate to profit). Profitability Details

Calix Company Profile

Calix, Inc is a provider of cloud and software platforms, systems, and services that enable broadband service providers to transform their networks and subscriber experiences. The company’s flagship Calix Cloud platform delivers real-time analytics, automation and intelligence designed to simplify network operations, improve service agility and drive revenue growth. Calix also offers a comprehensive suite of premises and access systems, including broadband access nodes, fiber-to-the-home optics and residential gateways under the GigaSpire brand.

Through its software-defined network architecture, Calix helps service providers virtualize key network functions and introduce new services with minimal capital expenditure.