Atika Capital Management LLC Invests $5.49 Million in Calix, Inc $CALX

Atika Capital Management LLC bought a new stake in Calix, Inc (NYSE:CALX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 89,500 shares of the communications equipment provider’s stock, valued at approximately $5,493,000. Atika Capital Management LLC owned 0.14% of Calix as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearstead Advisors LLC increased its stake in shares of Calix by 139.3% in the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 255 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Calix in the second quarter worth about $30,000. Whittier Trust Co. grew its holdings in Calix by 541.0% in the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 541 shares during the period. Covestor Ltd increased its stake in shares of Calix by 125.4% during the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 365 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted 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 valued at $64,000 after purchasing an additional 265 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Trading Down 0.1%

CALX stock opened at $50.99 on Thursday. The stock has a market capitalization of $3.35 billion, a PE ratio of 203.95 and a beta of 1.49. Calix, Inc has a 12-month low of $29.50 and a 12-month high of $71.22. The stock’s 50 day simple moving average is $53.07 and its 200 day simple moving average is $56.95.

Calix (NYSE:CALX) last posted its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business 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 company’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, research analysts predict that Calix, Inc will post -0.43 earnings per share for the current year.

Calix declared that its board has initiated a stock buyback plan 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 stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CALX has been the topic of a number of analyst reports. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Weiss Ratings raised Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Zacks Research raised Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Craig Hallum set a $60.00 price target on Calix in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.