Calix Incorporated (CALX) Offers Compelling Entry Point Amid Recent Dip

Calix Incorporated (NYSE:CALX) is one of the 11 best communication equipment stocks according to hedge funds.

On January 30, the price target for Calix Incorporated (NYSE:CALX) was lowered by Rosenblatt analyst Mike Genovese from $85 to $70. The analyst maintained his Buy rating on the stock, highlighting the recent dip in share price following a smaller-than-usual earnings beat as a buying opportunity. The firm is optimistic about a strong 2026, driven by upcoming catalysts that could support stronger performance. Genovese’s revision still leads to a potential upside of around 32%.

On January 21, Christian Schwab at Craig-Hallum lowered the price target on Calix Incorporated (NYSE:CALX) from $75 to $60. The analyst maintained his Buy rating on the stock after strong fourth-quarter results and a revised outlook for Q1 and FY26.

Schwab reflected on the company’s massive multi-year BEAD opportunity, which would enable management to achieve mid-teen topline growth in 2026. His revised price target still yields a double-digit upside of nearly 13%.

Calix Incorporated (NYSE:CALX) is a technology company that delivers cloud and appliance-based software platforms and managed services. It serves broadband service providers around the globe. Its Calix Cloud platform includes Engagement Cloud, Operations Cloud, and Service Cloud solutions. The company’s managed services portfolio comprises SmartHome, SmartTown, and SmartBiz managed services.

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Disclosure: None. This article is originally published at Insider Monkey.