Calix (NYSE:CALX) Shares Gap Up – Should You Buy?

Calix, Inc (NYSE:CALX)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $51.07, but opened at $55.72. Calix shares last traded at $52.4630, with a volume of 163,805 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CALX shares. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $90.00 in a report on Thursday, January 15th. UBS Group reiterated an “outperform” rating and set a $75.00 price target on shares of Calix in a research note on Friday, October 31st. Roth Mkm set a $85.00 price objective on Calix and gave the stock a “buy” rating in a research note on Thursday, October 30th. Craig Hallum set a $60.00 target price on Calix in a report on Friday, January 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Calix in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $77.50.

Calix Stock Performance

The business’s 50 day moving average price is $53.54 and its 200 day moving average price is $57.34. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 206.70 and a beta of 1.56.

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

Calix announced that its Board of Directors has approved a stock buyback program on Wednesday, January 28th that permits the company to buyback $125.00 million in shares. This buyback authorization permits the communications equipment provider to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Calix

A number of hedge funds have recently bought and sold shares of CALX. Clearstead Advisors LLC raised its stake in Calix by 139.3% during the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 255 shares during the period. SouthState Corp lifted its holdings in Calix by 10,000.0% in the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Farther Finance Advisors LLC grew its position in Calix by 63.0% in the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after acquiring an additional 213 shares during the period. Raymond James Financial Inc. acquired a new stake in Calix during the second quarter worth $30,000. Finally, Whittier Trust Co. lifted its stake in shares of Calix by 541.0% in the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 541 shares during the last quarter. Institutional investors and hedge funds 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.