Should I Buy CALX? CALX 2026 Analysis

Should You Buy Calix Inc (CALX) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

53.180

1 Day change

5.00%

52 Week Range

71.220

Analysis Updated At

2026/02/04

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Buy now (pre-market ~$47.87): price is sitting near a defined support zone (S1 ~$46.08) after a post-earnings selloff, creating a favorable near-term risk/reward for an impatient buyer.
Street remains broadly bullish (Buy ratings maintained) and the narrative is supported by BEAD-driven multi-year demand plus an expanded buyback that can underpin the stock.
Main reason this is not a “clean” technical buy: trend/moving averages are still bearish, so expect choppiness; nevertheless, the location near support + catalysts makes it a good buy right now versus chasing later.
Intellectia Proprietary Trading Signals
- AI Stock Picker: No signal on given stock today.
- SwingMax: No signal on given stock recently.

Technical Analysis

Trend: Bearish structure (SMA_200 > SMA_20 > SMA_5) indicates the stock is still in a downtrend/repair phase.
Momentum: MACD histogram at -0.964 (below zero) but negatively contracting → downside momentum is weakening (often a stabilization/early basing behavior).
RSI (6): 36.46 → leaning oversold but not extreme; consistent with “selloff cooling off,” not yet a strong reversal signal.
Key levels:
- Support: S1 ~46.08 (nearby), then S2 ~42.78 (next downside reference).
- Resistance: Pivot ~51.43 (first meaningful reclaim level), then R1 ~56.78.
Pattern-based forward stats (provided): next day bias slightly negative (70% chance to -0.83%), but improves over 1 week (+2.95%) and 1 month (+5.19%) → aligns with a “dip-buy for rebound” setup.

Options Data

Bullish

Open Interest Put-Call Ratio

Neutral

Option Volume Put-Call Ratio

Positioning (OI PCR 0.43): more call open interest than puts → relatively bullish positioning.
Flow (Volume PCR 1.0): put and call volume roughly balanced → neutral near-term trading sentiment.
Volatility: IV30 68.29 vs historical vol 41.22 → options are priced for elevated moves/uncertainty; consistent with post-earnings digestion.
Activity: today’s volume is low in absolute terms (26 contracts) but flagged as elevated vs its 30D baseline in the dataset; treat sentiment read as moderate-confidence.

Technical Summary

Sell

Buy

Positive Catalysts

- Analyst framing: multiple firms explicitly call the post-earnings drop a buying opportunity.

Neutral/Negative Catalysts

- Profitability pressure in latest quarter: net income and EPS declined sharply YoY (see financials) despite revenue growth.
- Technical overhang: bearish moving averages suggest rallies may be sold until the stock reclaims/holds above the pivot (~51.4).
- Insider activity: dataset indicates insiders are selling, with selling amount up 166.55% over the last month (negative sentiment signal).
- Guidance/mix concerns (from analyst notes): margin headwinds/temporary cloud costs and seasonal slowdown into Q1 were highlighted as reasons for the selloff.

Financial Performance

Latest quarter: 2025/Q4
- Revenue: $272.449M, +32.18% YoY (strong top-line growth).
- Gross Margin: 57.74%, +4.98% YoY (margin rate improved).
- Net Income: $7.212M, -140.24% YoY (profitability deteriorated materially).
- EPS: $0.10, -137.04% YoY (earnings power compressed despite revenue strength).
Takeaway: growth is strong, but earnings volatility/cost structure is the current friction point; buyback + expected BEAD ramp are the counterweights.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Rating trend: Firms kept Buy ratings after earnings, but cut price targets (reflecting multiple compression/near-term uncertainty rather than a broken thesis).
Recent changes:
- Rosenblatt: PT $70 (from $85), Buy; calls selloff a buying opp and expects catalysts in 2026.
- Craig-Hallum: PT $60 (from $75), Buy; highlights visibility and BEAD multi-year opportunity.
- Needham: PT $70 (from $82), Buy; notes seasonal Q1 slowdown and temporary cost impacts; still sees strong platform potential.
- Roth: constructive post-Q4; emphasizes buyback + BEAD + AI platform positioning.
Wall Street pros: BEAD-driven demand, platform upside, buyback support.
Wall Street cons: near-term margin/cost headwinds and slower sequential growth into Q1; targets lowered accordingly.
Influential buyers/sellers: No recent Congress trading data available; hedge funds noted as neutral in the last quarter.

6 Analyst Rating

Wall Street analysts forecast CALX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CALX is 79.5 USD with a low forecast of 75 USD and a high forecast of 85 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

1 Hold

0 Sell

Strong Buy

Current: 50.650

Low

Averages

79.5

High

Current: 50.650

Low

Averages

79.5

High

Rosenblatt

Mike Genovese

Buy

downgrade

$85 -> $70

AI Analysis

2026-01-30

Reason

Rosenblatt

Mike Genovese

Price Target

$85 -> $70

AI Analysis

2026-01-30

downgrade

Buy

Reason

Rosenblatt analyst Mike Genovese lowered the firm's price target on Calix to $70 from $85 and keeps a Buy rating on the shares. The firm says the selloff in shares from Calix's "smaller than normal" quarterly beat as a buying opportunity. It sees a "strong buying opportunity in front of several catalysts" in 2026.

Craig-Hallum

Buy

downgrade

$75 -> $60

2026-01-30

Reason

Craig-Hallum

Price Target

$75 -> $60

2026-01-30

downgrade

Buy

Reason

Craig-Hallum lowered the firm's price target on Calix to $60 from $75 and keeps a Buy rating on the shares following solid Q4 results and updated Q1 and FY26 outlook. The firm highlights record visibility and a sizable multi-year BEAD opportunity, with management tracking toward the high end of its 10%-15% topline growth framework for FY26.

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CALX Should I Buy

CALX Should I Buy

Should You Buy Calix Inc (CALX) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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