Harbor Capital Advisors Inc. Has $2.26 Million Position in Calix, Inc $CALX

Harbor Capital Advisors Inc. boosted its holdings in Calix, Inc (NYSE:CALX) by 49.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,597 shares of the communications equipment provider’s stock after acquiring an additional 14,063 shares during the period. Harbor Capital Advisors Inc. owned 0.06% of Calix worth $2,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Clearstead Advisors LLC increased its holdings in shares of Calix by 139.3% in the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 255 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Calix during the 2nd quarter worth about $30,000. Whittier Trust Co. boosted its holdings in shares of Calix by 541.0% during the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 541 shares during the period. Covestor Ltd boosted its holdings 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, NewEdge Advisors LLC acquired a new position in Calix in the 3rd quarter valued at about $64,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Stock Up 0.1%

Shares of NYSE:CALX opened at $46.40 on Friday. Calix, Inc has a 12-month low of $29.50 and a 12-month high of $71.22. The company’s 50 day moving average price is $51.45 and its two-hundred day moving average price is $55.71. The firm has a market cap of $3.00 billion, a PE ratio of 185.59 and a beta of 1.53.

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

Calix announced that its board has initiated a stock 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 repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Wall Street Zen downgraded Calix from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 29th. Needham & Company LLC lowered their target price on Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a report on Thursday, January 15th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Calix in a report on Tuesday, March 31st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Calix Company 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.