Calix (NYSE:CALX) Cut to Hold at Zacks Research

Zacks Research cut shares of Calix (NYSE:CALX) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other equities research analysts also recently commented on CALX. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and upped their target price for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Calix in a report on Tuesday, January 27th. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Craig Hallum set a $60.00 price objective on shares of Calix in a research report on Friday, January 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Calix Stock Performance

Calix stock opened at $50.96 on Monday. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 203.83 and a beta of 1.49. Calix has a 1 year low of $29.50 and a 1 year high of $71.22. The firm’s 50 day moving average price is $52.77 and its two-hundred day moving average price is $56.64.

Calix (NYSE:CALX) last announced its quarterly earnings data 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. The company had revenue of $272.40 million during the quarter, compared to the consensus estimate of $267.36 million. Calix had a return on equity of 2.31% and a net margin of 1.79%.The company’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, equities analysts predict that Calix will post -0.43 EPS for the current fiscal year.

Calix announced that its board has initiated a share repurchase plan on Wednesday, January 28th that permits the company to buyback $125.00 million in shares. This buyback authorization permits the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Calix

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Calix by 12.9% during the 3rd 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 position in Calix by 2.0% during the fourth quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock valued at $511,000 after acquiring an additional 188 shares in the last quarter. GAMMA Investing LLC raised its position in Calix by 12.9% during the third quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock valued at $102,000 after acquiring an additional 190 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Calix by 4.7% in the third quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock valued at $257,000 after acquiring an additional 190 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Calix by 1.5% in the third 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 in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

About Calix

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.