Calix (NYSE:CALX) Given New $58.00 Price Target at JPMorgan Chase & Co.

Calix (NYSE:CALX) had its target price reduced by equities researchers at JPMorgan Chase & Co. from $65.00 to $58.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the communications equipment provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 55.17% from the stock’s current price.

A number of other research analysts have also recently weighed in on CALX. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Tuesday. Zacks Research lowered Calix from a “hold” rating to a “strong sell” rating in a research note on Monday. Needham & Company LLC cut their price objective on Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings lowered Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Finally, Rosenblatt Securities dropped their target price on shares of Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Calix presently has an average rating of “Moderate Buy” and an average price target of $63.86.

Calix Stock Performance

Shares of CALX stock opened at $37.38 on Wednesday. Calix has a one year low of $34.26 and a one year high of $71.22. The company has a 50 day moving average price of $38.54 and a 200 day moving average price of $46.37. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 50.51 and a beta of 1.23.

Calix (NYSE:CALX) last announced its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 5.99%. Calix’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, equities analysts forecast that Calix will post 0.83 EPS for the current fiscal year.

Calix announced that its Board of Directors has authorized a share repurchase program on Tuesday, April 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the communications equipment provider to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the completion of the sale, the director directly owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. This represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company’s stock.

Institutional Investors Weigh In On Calix

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in shares of Calix by 63.0% in the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after buying an additional 213 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Calix during the 2nd quarter worth approximately $30,000. Harbor Investment Advisory LLC acquired a new position in Calix during the 2nd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd boosted its holdings in Calix by 24,733.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock worth $39,000 after acquiring an additional 742 shares during the period. Finally, Strive Financial Group LLC purchased a new position in Calix in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported record Q2 revenue of $293.3 million and EPS of $0.47, both above estimates, with revenue up 21.3% year over year. Management also highlighted continued growth in broadband software, recurring services, and cloud adoption. Article Title
• Positive Sentiment: Northland Securities upgraded CALX to outperform and raised its price target to $52, signaling confidence in the company’s growth strategy. Article Title
• Positive Sentiment: Several analysts framed Calix’s AI-native broadband strategy and recurring revenue expansion as a potential long-term growth driver, which may help support sentiment. Article Title

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.