Calix (NYSE:CALX) Reaches New 1-Year Low – Should You Sell?

Shares of Calix, Inc (NYSE:CALX) hit a new 52-week low during trading on Wednesday . The company traded as low as $40.70 and last traded at $41.2050, with a volume of 41603 shares trading hands. The stock had previously closed at $41.71.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Needham & Company LLC reduced their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Calix in a report on Wednesday, April 22nd. Northland Securities cut Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price target for the company. in a research report on Wednesday, April 22nd. Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Finally, Roth Mkm reissued a “buy” rating on shares of Calix in a report on Thursday, April 23rd. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Calix presently has an average rating of “Moderate Buy” and an average target price of $67.00.

Calix Trading Down 1.3%

The business’s fifty day moving average price is $48.40 and its 200-day moving average price is $53.11. The company has a market capitalization of $2.63 billion, a P/E ratio of 85.62 and a beta of 1.27.

Calix (NYSE:CALX) last issued its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. Calix had a return on equity of 4.30% and a net margin of 3.20%.The firm had revenue of $279.98 million during the quarter, compared to analyst estimates of $277.50 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue was up 27.2% compared to the same quarter last year. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, equities research analysts forecast that Calix, Inc will post 0.85 EPS for the current year.

Calix announced that its board has authorized a share buyback program on Wednesday, January 28th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the communications equipment provider to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the transaction, the director directly owned 1,644,188 shares in the company, valued at $71,127,572.88. This trade represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Calix

Several institutional investors have recently bought and sold shares of CALX. CWM LLC grew its holdings in shares of Calix by 12.9% during the third quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock valued at $92,000 after buying an additional 172 shares during the last quarter. LVW Advisors LLC raised its stake in Calix by 2.0% in the 4th quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock worth $511,000 after acquiring an additional 188 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Calix by 4.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock worth $257,000 after acquiring an additional 190 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Calix by 1.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock worth $822,000 after acquiring an additional 200 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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.