Calix, Inc $CALX Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its holdings in Calix, Inc (NYSE:CALX) by 43,250.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 69,360 shares of the communications equipment provider’s stock after acquiring an additional 69,200 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.10% of Calix worth $4,257,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CALX. SouthState Corp increased its stake in Calix by 10,000.0% in the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Calix in the 2nd quarter valued at $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Calix in the 2nd quarter valued at $36,000. Whittier Trust Co. grew its position in shares of Calix by 541.0% in the 3rd 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 during the last quarter. Finally, Covestor Ltd raised its stake in 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 acquiring an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CALX. Roth Mkm set a $85.00 price objective on shares of Calix and gave the company a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Craig Hallum set a $60.00 price target on Calix in a research note on Friday, January 30th. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Needham & Company LLC decreased their price objective on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Calix Stock Up 1.6%

CALX opened at $55.74 on Monday. Calix, Inc has a 52 week low of $28.60 and a 52 week high of $71.22. The business has a 50 day moving average price of $53.60 and a two-hundred day moving average price of $57.42. The company has a market cap of $3.69 billion, a PE ratio of 222.96 and a beta of 1.56.

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, beating analysts’ consensus estimates of $0.38 by $0.01. Calix had a return on equity of 2.31% and a net margin of 1.79%.The business had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 32.2% compared to the same quarter last year. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, sell-side analysts expect that Calix, Inc will post -0.43 EPS for the current fiscal year.

Calix declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 28th that permits the company to buyback $125.00 million in outstanding 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 usually an indication that the company’s leadership believes its stock is 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.