Penserra Capital Management LLC Has $9.82 Million Stock Holdings in Calix, Inc $CALX

Penserra Capital Management LLC lowered its stake in Calix, Inc (NYSE:CALX) by 37.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,066 shares of the communications equipment provider’s stock after selling 95,619 shares during the period. Penserra Capital Management LLC owned 0.25% of Calix worth $9,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CWM LLC boosted its holdings in shares of Calix by 12.9% during the 3rd quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock valued at $92,000 after acquiring an additional 172 shares in the last quarter. GAMMA Investing LLC raised its position in Calix by 12.9% in the third quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock valued at $102,000 after purchasing an additional 190 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Calix by 4.7% during the third quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock valued at $257,000 after purchasing an additional 190 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Calix by 1.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock worth $822,000 after purchasing an additional 200 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Calix by 27.0% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after purchasing an additional 265 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Stock Up 4.7%

CALX stock opened at $50.36 on Thursday. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 201.44 and a beta of 1.56. The company’s fifty day simple moving average is $53.96 and its 200 day simple moving average is $57.64. Calix, Inc has a 12-month low of $28.60 and a 12-month high of $71.22.

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

Calix announced that its board has authorized a stock repurchase plan on Wednesday, January 28th that authorizes the company to repurchase $125.00 million in shares. This repurchase authorization authorizes the communications equipment provider to buy up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently commented on CALX. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Calix in a research report on Tuesday, January 27th. Roth Mkm set a $85.00 price target on shares of Calix and gave the stock a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $90.00 in a research note on Thursday, January 15th. Needham & Company LLC lowered their target price on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Calix in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.50.

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.