Calix (NYSE:CALX – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
A number of other brokerages have also recently commented on CALX. Rosenblatt Securities lowered their price objective on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. JPMorgan Chase & Co. cut their target price on shares of Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Tuesday, July 21st. Roth Capital reaffirmed a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Finally, Needham & Company LLC lowered their price target on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $63.86.
Check Out Our Latest Stock Report on CALX
Calix Stock Performance
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, topping analysts’ consensus estimates of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The company had revenue of $293.33 million for the quarter, compared to the consensus estimate of $289.96 million. During the same period in the previous year, the business earned $0.33 earnings per share. Calix’s quarterly revenue was up 21.3% compared to the same quarter last year. 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 year.
Insider Activity at Calix
In related news, Director Carl Russo sold 75,000 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the sale, the director owned 1,569,188 shares of the company’s stock, valued at $56,804,605.60. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC boosted its stake in shares of Calix by 12.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 45,318 shares of the communications equipment provider’s stock worth $1,691,000 after purchasing an additional 4,945 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Calix in the second quarter valued at approximately $14,931,000. Penn Capital Management Company LLC raised its position in shares of Calix by 2.6% in the second quarter. Penn Capital Management Company LLC now owns 388,239 shares of the communications equipment provider’s stock valued at $14,515,000 after buying an additional 9,675 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Calix by 100.1% during the second quarter. Hsbc Holdings PLC now owns 38,295 shares of the communications equipment provider’s stock valued at $1,412,000 after buying an additional 19,155 shares during the period. Finally, North Star Asset Management Inc. purchased a new position in shares of Calix during the second quarter valued at approximately $4,163,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than Calix
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Receive News & Ratings for Calix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calix and related companies with MarketBeat.com's FREE daily email newsletter.
