Calix, Inc (NYSE:CALX – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $63.8571.
CALX has been the topic of a number of research analyst reports. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Weiss Ratings upgraded shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Roth Capital reissued a “buy” rating on shares of Calix in a research report on Tuesday, July 21st. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research note on Tuesday, July 21st. Finally, Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th.
View Our Latest Stock Report on CALX
Calix Trading Up 0.3%
Calix (NYSE:CALX – Get Free Report) last posted its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 EPS 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 analysts’ expectations of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. Calix’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, equities research analysts predict that Calix will post 0.89 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Carl Russo sold 75,000 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.20, for a total value of $2,715,000.00. Following the sale, the director owned 1,569,188 shares in the company, valued at approximately $56,804,605.60. The trade was a 4.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company’s stock.
Hedge Funds Weigh In On Calix
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Calix during the second quarter worth about $439,461,000. California State Teachers Retirement System boosted its stake in shares of Calix by 3,531.9% in the second quarter. California State Teachers Retirement System now owns 2,772,764 shares of the communications equipment provider’s stock valued at $103,480,000 after purchasing an additional 2,696,420 shares during the period. State Street Corp grew its holdings in shares of Calix by 1.0% in the fourth quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock valued at $125,072,000 after purchasing an additional 23,022 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Calix by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock valued at $76,513,000 after purchasing an additional 74,235 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Calix by 4.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock worth $86,515,000 after buying an additional 61,247 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.
About Calix
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.
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