Rosenblatt Reiterates Buy Rating on Calix, Inc. with $70 Target

Rosenblatt analyst Mike Genovese maintains a Buy rating on Calix, Inc. with a $70 price target.

Written by Trueearnings · Published Jun 13, 2026, 2:08 AM EDT · Updated Jun 14, 2026, 8:00 PM EDT

Key Points

Rosenblatt analyst Mike Genovese reiterated a Buy rating on Calix, Inc. (NYSE:CALX) with a $70 price target as of June 10, 2026.
Calix, Inc. shares are trading at $38.39 with a market cap of approximately $2.45 billion; the company has a P/E ratio of 78.35.
Recent institutional activity includes BlackRock reducing its holdings and Vanguard Portfolio Management initiating a new position in Calix.

Rosenblatt analyst Mike Genovese has reiterated his Buy rating on Calix, Inc. (NYSE:CALX), maintaining a price target of $70. This update came on June 10, 2026, as part of Rosenblatt's ongoing coverage of the technology firm.

Other Institutional Activity in Calix, Inc.

Several institutional investors have adjusted their positions in Calix, Inc. BlackRock, Inc. trimmed its holdings by 309,538 shares, leaving it with 11,153,403 shares valued at about $546.4 million. Vanguard Portfolio Management LLC initiated a new position with 5,533,754 shares worth approximately $271.1 million. AllianceBernstein L.P. significantly increased its stake by 1,788,757 shares, now holding 3,251,128 shares valued at $172.1 million. Meanwhile, State Street Corp grew its position by 239,368 shares, ending with 2,602,333 shares valued at $127.6 million.

Calix, Inc. Stock Snapshot

Shares of NYSE:CALX are trading near $38.39. Calix, Inc. has a market cap of roughly $2.45 billion and a P/E ratio of 78.35. The stock's 52-week range is between $35.87 and $71.22. It has a 50-day moving average of $42.96 and a 200-day moving average of $52.99. The company's beta is 1.22, with a current ratio of 3.29 and a quick ratio of 2.017.

Recent Earnings

Calix, Inc. reported revenue of approximately $1.06 billion, reflecting a growth rate of 27.1%. The company achieved an EPS of $0.49 with a net margin of 3.2% and a return on equity (ROE) of 4.5%. The next earnings report is expected on April 21, 2026.

Insider Buying and Selling at Calix, Inc.

On May 14, 2026, several insiders at Calix, Inc. made purchases of 4,967 shares each. These insiders include Kira Makagon, Kevin Robert Peters, Christopher Bowick, Carl Russo, Wade Oosterman, and Rajatish Mukherjee. These transactions were not part of a pre-planned trading program.

Analysts Set New Price Targets

On June 10, 2026, Rosenblatt maintained its Buy rating on Calix, Inc. with a price target of $70. Needham also maintained a Buy rating with a $62 target on April 23, 2026. JP Morgan reiterated its Buy rating with a $65 target on April 22, 2026. The consensus among analysts is a Buy, with a mean price target of $66 based on six analyst opinions.

About Calix, Inc.

Calix, Inc. provides cloud and software platforms, systems, and services that help broadband service providers deliver a range of services. The company, headquartered in San Jose, California, offers solutions like Calix Cloud, Calix Intelligent Access, and a variety of managed services. Led by CEO Mr. Michael Weening, Calix employs 1,921 people and supports customers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Bottom Line

Rosenblatt's reiterated Buy rating with a $70 target reflects continued confidence in Calix, Inc.'s prospects. Investors track such analyst updates closely, as they can influence market sentiment and trading activity. Keep in mind that analyst ratings are forward-looking and based on various assumptions and expectations about the company's future performance.