Calix, Inc (NYSE:CALX) Receives $79.50 Consensus Target Price from Analysts

Calix, Inc (NYSE:CALX) has been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $82.00.

CALX has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $82.00 target price on shares of Calix in a research report on Monday, November 24th. JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $90.00 in a research report on Thursday. UBS Group reiterated an “outperform” rating and set a $75.00 target price on shares of Calix in a research report on Friday, October 31st. Zacks Research downgraded shares of Calix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Roth Capital set a $85.00 target price on shares of Calix and gave the stock a “buy” rating in a report on Thursday, October 30th.

Calix Price Performance

Shares of NYSE:CALX opened at $58.13 on Tuesday. The firm has a fifty day moving average price of $55.29 and a two-hundred day moving average price of $57.60. The company has a market cap of $3.85 billion, a price-to-earnings ratio of -484.41 and a beta of 1.55. Calix has a one year low of $28.60 and a one year high of $71.22.

Calix (NYSE:CALX) last issued its earnings results 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 0.69%. The company had revenue of $265.44 million for the quarter, compared to analysts’ expectations of $246.21 million. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue was up 32.1% compared to the same quarter last year. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. Equities research analysts expect that Calix will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Cory Sindelar sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $65.30, for a total value of $3,265,000.00. Following the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,999,041.50. This represents a 39.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carl Russo sold 420,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the transaction, the director directly owned 1,694,188 shares in the company, valued at approximately $108,580,508.92. This trade represents a 19.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 530,000 shares of company stock valued at $34,099,800 in the last ninety days. 16.90% of the stock is owned by company insiders.

Institutional Trading of Calix

A number of hedge funds have recently added to or reduced their stakes in CALX. SouthState Corp boosted its stake in shares of Calix by 10,000.0% during the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of Calix by 139.3% during the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 255 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Calix during the second quarter worth $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Calix in the second quarter valued at about $36,000. Finally, Whittier Trust Co. raised its position in Calix by 541.0% during the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 541 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.