Mirae Asset Global Investments Co. Ltd. Acquires Shares of 24,894 Calix, Inc $CALX

Mirae Asset Global Investments Co. Ltd. bought a new position in Calix, Inc (NYSE:CALX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 24,894 shares of the communications equipment provider’s stock, valued at approximately $1,528,000.

Other large investors have also recently made changes to their positions in the company. Congress Asset Management Co. raised its position in Calix by 3.2% in the 3rd quarter. Congress Asset Management Co. now owns 1,463,202 shares of the communications equipment provider’s stock worth $89,797,000 after purchasing an additional 45,258 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Calix by 14.5% during the second quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock valued at $64,077,000 after buying an additional 152,469 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Calix by 14.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 913,698 shares of the communications equipment provider’s stock worth $48,600,000 after buying an additional 117,239 shares during the period. Harvey Partners LLC lifted its stake in shares of Calix by 0.6% during the 2nd quarter. Harvey Partners LLC now owns 524,177 shares of the communications equipment provider’s stock worth $27,881,000 after acquiring an additional 3,177 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Calix during the 2nd quarter worth approximately $21,682,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Craig Hallum set a $60.00 target price on Calix in a research note on Friday, January 30th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research note on Thursday, January 15th. Needham & Company LLC decreased their price objective on shares of Calix from $82.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Zacks Research raised shares of Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, UBS Group reaffirmed an “outperform” rating and set a $75.00 target price on shares of Calix in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Calix Price Performance

Shares of Calix stock opened at $50.36 on Thursday. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 201.44 and a beta of 1.56. The firm’s 50-day moving average is $53.96 and its two-hundred day moving average is $57.64. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Calix had a net margin of 1.79% and a return on equity of 2.31%. The business had revenue of $272.40 million during the quarter, compared to analyst estimates of $267.36 million. During the same quarter in the previous year, the business posted $0.08 EPS. The company’s quarterly revenue was up 32.2% compared to the same quarter last year. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, equities analysts expect that Calix, Inc will post -0.43 earnings per share for the current year.

Calix declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 28th that authorizes the company to repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Calix Profile

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.