Calix (NYSE:CALX) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Calix (NYSE:CALX) had its target price raised by stock analysts at Rosenblatt Securities from $65.00 to $85.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 24.21% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Zacks Research lowered shares of Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Wall Street Zen raised shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Roth Capital set a $85.00 price objective on shares of Calix and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Calix in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Calix from $38.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $79.50.

Calix Price Performance

CALX stock opened at $68.43 on Friday. Calix has a 12 month low of $28.60 and a 12 month high of $71.22. The firm has a market cap of $4.47 billion, a PE ratio of -570.21 and a beta of 1.32. The firm has a 50 day simple moving average of $60.99 and a 200 day simple moving average of $53.21.

Calix (NYSE:CALX) last posted its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. Calix had a negative net margin of 0.78% and a negative return on equity of 0.70%. The firm had revenue of $265.44 million during the quarter, compared to analyst estimates of $246.21 million. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue was up 32.1% on a year-over-year basis. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. As a group, sell-side analysts expect that Calix will post -0.43 earnings per share for the current year.

Insider Activity

In related news, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer owned 76,555 shares of the company’s stock, valued at approximately $4,593,300. The trade was a 11.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Calix

Several institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC lifted its stake in shares of Calix by 12.9% in the 3rd quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock valued at $92,000 after purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Calix by 12.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock valued at $102,000 after purchasing an additional 190 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Calix by 4.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock valued at $257,000 after purchasing an additional 190 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Calix by 1.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock valued at $822,000 after purchasing an additional 200 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Calix by 27.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Company Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.