Brokerages Set Calix, Inc (NYSE:CALX) Price Target at $79.50

Calix, Inc (NYSE:CALX) has earned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $79.50.

CALX has been the subject of several recent research reports. Zacks Research upgraded Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Craig Hallum reaffirmed a “buy” rating and set a $75.00 price objective on shares of Calix in a research note on Friday, October 31st. Rosenblatt Securities boosted their target price on shares of Calix from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Calix in a report on Tuesday. Finally, UBS Group reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Calix in a report on Friday, October 31st.

Calix Price Performance

NYSE CALX opened at $55.75 on Monday. The company has a market capitalization of $3.69 billion, a PE ratio of -464.50 and a beta of 1.44. The company has a fifty day moving average of $60.71 and a 200 day moving average of $55.82. Calix has a 1 year low of $28.60 and a 1 year high of $71.22.

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

Insider Activity

In related news, CFO Cory Sindelar sold 50,000 shares of Calix stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $65.30, for a total value of $3,265,000.00. Following the completion of the transaction, the chief financial officer owned 76,555 shares in the company, valued at $4,999,041.50. The trade was a 39.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carl Russo sold 420,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total value of $26,917,800.00. Following the transaction, the director owned 1,694,188 shares in the company, valued at $108,580,508.92. This represents a 19.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 530,000 shares of company stock worth $34,099,800 in the last ninety days. Company insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Calix

A number of hedge funds have recently made changes to their positions in the company. SouthState Corp boosted its stake in shares of Calix by 10,000.0% in the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 500 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Calix by 139.3% in the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 255 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Calix during the 1st quarter worth $28,000. Raymond James Financial Inc. purchased a new stake in shares of Calix during the second quarter worth $30,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Calix in the second quarter valued at about $36,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

About Calix

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.