Federated Hermes Inc. Makes New $7.09 Million Investment in Calix, Inc $CALX

Federated Hermes Inc. purchased a new position in Calix, Inc (NYSE:CALX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 115,536 shares of the communications equipment provider’s stock, valued at approximately $7,090,000. Federated Hermes Inc. owned about 0.18% of Calix at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. CWM LLC increased its position 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 purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Calix by 12.9% during the 3rd 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 period. Nisa Investment Advisors LLC lifted its stake in shares of Calix by 4.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock valued at $257,000 after buying an additional 190 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Calix by 1.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock worth $822,000 after buying an additional 200 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Calix by 27.0% in 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. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CALX. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a report on Thursday, January 15th. Craig Hallum set a $60.00 target price on shares of Calix in a report on Friday. UBS Group reiterated an “outperform” rating and issued a $75.00 price target on shares of Calix in a research note on Friday, October 31st. Roth Mkm set a $85.00 price objective on Calix and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Needham & Company LLC dropped their price target on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.50.

Insider Buying and Selling

In other Calix news, CFO Cory Sindelar sold 50,000 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $65.30, for a total value of $3,265,000.00. Following the sale, the chief financial officer owned 76,555 shares in the company, valued at $4,999,041.50. This trade represents a 39.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.90% of the stock is owned by company insiders.

Calix Stock Up 5.8%

CALX stock opened at $47.28 on Tuesday. Calix, Inc has a twelve month low of $28.60 and a twelve month high of $71.22. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 189.13 and a beta of 1.55. The firm’s fifty day simple moving average is $54.22 and its two-hundred day simple moving average is $57.73.

Calix (NYSE:CALX) last released its quarterly 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 firm had revenue of $272.40 million during the quarter, compared to analysts’ expectations of $267.36 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, equities research analysts expect that Calix, Inc will post -0.43 EPS for the current year.

Calix declared that its Board of Directors has approved a share buyback program on Wednesday, January 28th that authorizes the company to repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.