Calix (NYSE:CALX) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of Calix (NYSE:CALX) from a strong-buy rating to a buy rating in a research note released on Saturday.

Several other brokerages have also recently weighed in on CALX. Needham & Company LLC reduced their price target on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Craig Hallum set a $60.00 price target on Calix in a research report on Friday, January 30th. Zacks Research cut Calix from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. reduced their price target on Calix from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.67.

Calix Stock Performance

Shares of NYSE CALX opened at $50.20 on Friday. The stock has a market cap of $3.24 billion, a PE ratio of 200.82 and a beta of 1.53. Calix has a fifty-two week low of $32.55 and a fifty-two week high of $71.22. The stock has a fifty day moving average of $51.15 and a 200-day moving average of $54.79.

Calix (NYSE:CALX) last announced its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $272.40 million during the quarter, compared to analysts’ expectations of $267.36 million. Calix had a return on equity of 2.31% and a net margin of 1.79%.The firm’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, sell-side analysts predict that Calix will post -0.43 EPS for the current year.

Calix announced 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 buy up to 3.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Calix

Several large investors have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Calix by 1.0% during the fourth quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock valued at $125,072,000 after buying an additional 23,022 shares during the period. Congress Asset Management Co. lifted its stake 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 worth $89,797,000 after purchasing an additional 45,258 shares during the last quarter. Geode Capital Management LLC lifted its stake in Calix by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock worth $76,513,000 after purchasing an additional 74,235 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Calix by 4.5% during the third quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock worth $86,515,000 after purchasing an additional 61,247 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Calix by 214.3% during the third 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 during the last quarter. Institutional investors own 98.14% of the company’s stock.

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.