Diversified Trust Co. Makes New Investment in Calix, Inc $CALX

Diversified Trust Co. bought a new stake in shares of Calix, Inc (NYSE:CALX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,147 shares of the communications equipment provider’s stock, valued at approximately $537,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CALX. Clearstead Advisors LLC boosted its position in Calix by 139.3% during the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 255 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Calix in the second quarter valued at approximately $30,000. Whittier Trust Co. increased its position in shares of Calix by 541.0% in the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 541 shares in the last quarter. Covestor Ltd raised its stake in shares of Calix by 125.4% during the 3rd quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 365 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Calix by 27.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Craig Hallum set a $60.00 price target on shares of Calix in a research note on Friday, January 30th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Calix in a research report on Tuesday, January 27th. Zacks Research downgraded shares of Calix from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. JPMorgan Chase & Co. upgraded shares of Calix from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $75.00 to $90.00 in a research report on Thursday, January 15th. Finally, Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.50.

Calix Stock Performance

NYSE:CALX opened at $50.11 on Friday. Calix, Inc has a one year low of $29.50 and a one year high of $71.22. The stock has a market cap of $3.29 billion, a PE ratio of 200.46 and a beta of 1.49. The stock has a 50 day moving average price of $52.32 and a 200 day moving average price of $56.21.

Calix (NYSE:CALX) last released its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $272.40 million for 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 firm’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, analysts predict that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Calix announced that its board has initiated a stock buyback program on Wednesday, January 28th that permits the company to buyback $125.00 million in shares. This buyback authorization permits the communications equipment provider to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are 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.