Algert Global LLC Has $8.82 Million Holdings in Calix, Inc $CALX

Algert Global LLC raised its holdings in Calix, Inc (NYSE:CALX) by 156.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,676 shares of the communications equipment provider’s stock after buying an additional 87,756 shares during the period. Algert Global LLC owned about 0.22% of Calix worth $8,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Calix by 214.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after acquiring an additional 868,987 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in Calix during the second quarter worth $21,682,000. Westfield Capital Management Co. LP increased its holdings in shares of Calix by 135.0% in the third quarter. Westfield Capital Management Co. LP now owns 684,096 shares of the communications equipment provider’s stock valued at $41,983,000 after purchasing an additional 392,947 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Calix by 1,166.0% in the second quarter. Cubist Systematic Strategies LLC now owns 290,026 shares of the communications equipment provider’s stock valued at $15,427,000 after purchasing an additional 267,118 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Calix by 114.9% during the 3rd quarter. Invesco Ltd. now owns 482,033 shares of the communications equipment provider’s stock worth $29,582,000 after buying an additional 257,771 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on CALX shares. Zacks Research raised shares of Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Craig Hallum set a $60.00 price objective on shares of Calix in a research report on Friday, January 30th. Needham & Company LLC reduced 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. Wall Street Zen downgraded Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $90.00 in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Calix Stock Performance

NYSE:CALX opened at $50.99 on Tuesday. Calix, Inc has a 52 week low of $29.50 and a 52 week high of $71.22. The firm’s 50-day simple moving average is $52.88 and its 200 day simple moving average is $56.74. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 203.96 and a beta of 1.49.

Calix (NYSE:CALX) last posted its quarterly earnings data 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 net margin of 1.79% and a return on equity of 2.31%. The firm had revenue of $272.40 million during the quarter, compared to the consensus estimate of $267.36 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’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. Sell-side analysts anticipate that Calix, Inc will post -0.43 EPS for the current year.

Calix announced that its Board of Directors has initiated a share buyback 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 reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is 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.