Calix (NYSE:CALX) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of Calix (NYSE:CALX) from a strong-buy rating to a buy rating in a research report released on Sunday,Wall Street Zen reports.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Calix from $58.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research report on Tuesday, July 21st. Roth Capital reaffirmed a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.80.

Calix Stock Down 0.1%

Calix stock opened at $30.58 on Friday. The stock has a market cap of $1.89 billion, a PE ratio of 44.97 and a beta of 1.21. Calix has a 12-month low of $30.55 and a 12-month high of $65.00. The business’s 50-day moving average price is $35.60 and its two-hundred day moving average price is $42.07.

Calix (NYSE:CALX) last posted its earnings results on Monday, November 2nd. The communications equipment provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $301.71 million during the quarter, compared to analysts’ expectations of $304.23 million. Calix had a net margin of 3.99% and a return on equity of 5.67%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, analysts expect that Calix will post 0.85 earnings per share for the current year.

Institutional Trading of Calix

Hedge funds and other institutional investors have recently made changes to their positions in the company. Inspire Investing LLC boosted its position in Calix by 1.8% during the third quarter. Inspire Investing LLC now owns 18,681 shares of the communications equipment provider’s stock valued at $642,000 after acquiring an additional 338 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in Calix by 254.0% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 878 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 630 shares during the period. Hsbc Holdings PLC grew its holdings in Calix by 3.5% during the 1st quarter. Hsbc Holdings PLC now owns 19,140 shares of the communications equipment provider’s stock worth $940,000 after acquiring an additional 647 shares during the period. Covestor Ltd grew its holdings in Calix by 85.4% during the 3rd quarter. Covestor Ltd now owns 1,446 shares of the communications equipment provider’s stock worth $49,000 after acquiring an additional 666 shares during the period. Finally, Harbor Investment Advisory LLC bought a new position in shares of Calix in the 2nd quarter worth about $31,000. 98.14% of the stock is currently owned by institutional investors.

Trending Headlines about Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Northland Securities reiterated an Outperform rating and a $52 price target, estimating 2027 quarterly EPS of $0.33, $0.40, $0.47 and $0.48. The forecasts point to improving earnings through the year and provide a positive analyst signal. Northland Securities estimates and rating
• Positive Sentiment: A report highlights record revenue and Calix’s AI push as potential growth drivers, supporting the longer-term opportunity. Record Revenue And AI Push Could Be A Game Changer For Calix
• Positive Sentiment: Rosenblatt Securities reportedly maintained its Buy rating, indicating continued analyst support. Calix Stock Keeps Buy Rating at Rosenblatt Securities
• Negative Sentiment: JPMorgan issued a forecast described as pessimistic, adding a cautious analyst view. The available report does not specify the price target or reasoning. JPMorgan Issues Pessimistic Forecast for Calix
• Negative Sentiment: Calix disclosed rising FCC regulatory risks that could constrain router approvals and post-2029 firmware updates, potentially affecting product availability or support. Calix Faces Rising FCC Regulatory Risks

About Calix

Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.

The company’s offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.

Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.