Calix, Inc $CALX Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in Calix, Inc (NYSE:CALX) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,244 shares of the communications equipment provider’s stock after selling 9,984 shares during the quarter. Envestnet Asset Management Inc. owned about 0.14% of Calix worth $5,538,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new stake in shares of Calix in the 2nd quarter valued at approximately $21,682,000. Westfield Capital Management Co. LP purchased a new position in Calix in the second quarter worth approximately $15,486,000. Cubist Systematic Strategies LLC grew its position in Calix by 1,166.0% in the second quarter. Cubist Systematic Strategies LLC now owns 290,026 shares of the communications equipment provider’s stock worth $15,427,000 after acquiring an additional 267,118 shares during the period. Penserra Capital Management LLC acquired a new stake in Calix during the second quarter worth $13,599,000. Finally, Hood River Capital Management LLC purchased a new stake in Calix in the second quarter valued at $12,225,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Stock Performance

Shares of CALX opened at $55.74 on Monday. The stock has a market capitalization of $3.69 billion, a P/E ratio of 222.96 and a beta of 1.56. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $71.22. The company’s fifty day moving average is $53.60 and its two-hundred day moving average is $57.42.

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

Calix announced that its board has approved a share repurchase program on Wednesday, January 28th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CALX shares. Zacks Research raised shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Needham & Company LLC dropped their target price 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. JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $90.00 in a research note on Thursday, January 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Calix in a research report on Monday, December 29th. Finally, Roth Mkm set a $85.00 price objective on Calix and gave the company a “buy” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.