Congress Asset Management Co. Trims Position in Calix, Inc $CALX

Congress Asset Management Co. trimmed its holdings in shares of Calix, Inc (NYSE:CALX) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,447,545 shares of the communications equipment provider’s stock after selling 15,657 shares during the period. Congress Asset Management Co. owned approximately 2.18% of Calix worth $76,619,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWM LLC raised its holdings in shares of Calix by 12.9% during the third quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock worth $92,000 after purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Calix by 12.9% in the third 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 last quarter. Nisa Investment Advisors LLC grew its position in Calix by 4.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 190 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Calix by 1.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock valued at $822,000 after buying an additional 200 shares during the last quarter. Finally, Clearstead Advisors LLC raised its stake in shares of Calix by 139.3% during the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 255 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded Calix from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Calix in a report on Tuesday, January 27th. Needham & Company LLC dropped their price objective on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. raised 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 report on Thursday, January 15th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Calix Stock Up 4.3%

NYSE:CALX opened at $52.45 on Tuesday. Calix, Inc has a 52 week low of $29.50 and a 52 week high of $71.22. The stock’s 50-day moving average price is $52.71 and its 200-day moving average price is $56.44. The stock has a market capitalization of $3.44 billion, a PE ratio of 209.80 and a beta of 1.49.

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, topping 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 company had revenue of $272.40 million during the quarter, compared to analysts’ expectations of $267.36 million. During the same quarter in the prior year, the firm posted $0.08 EPS. Calix’s quarterly revenue 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 expect that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Calix announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 28th that authorizes the company to repurchase $125.00 million in shares. This repurchase authorization authorizes the communications equipment provider to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

About Calix

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.