UBS Group AG Reduces Position in Calix, Inc $CALX

UBS Group AG lessened its holdings in shares of Calix, Inc (NYSE:CALX) by 55.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 359,100 shares of the communications equipment provider’s stock after selling 448,720 shares during the quarter. UBS Group AG owned about 0.54% of Calix worth $19,007,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CALX. Mirae Asset Global Investments Co. Ltd. purchased a new position in Calix in the 3rd quarter valued at approximately $1,528,000. Inspire Advisors LLC purchased a new stake in shares of Calix during the third quarter worth $2,844,000. Federated Hermes Inc. bought a new position in shares of Calix in the third quarter worth $7,090,000. Axecap Investments LLC bought a new position in shares of Calix in the third quarter worth $1,707,000. Finally, Lisanti Capital Growth LLC grew its position in shares of Calix by 118.4% in the third quarter. Lisanti Capital Growth LLC now owns 81,321 shares of the communications equipment provider’s stock valued at $4,991,000 after purchasing an additional 44,081 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Stock Down 1.3%

Shares of CALX stock opened at $42.69 on Tuesday. The business has a 50-day moving average price of $48.60 and a two-hundred day moving average price of $53.23. Calix, Inc has a 12-month low of $40.75 and a 12-month high of $71.22. The firm has a market cap of $2.72 billion, a P/E ratio of 88.94 and a beta of 1.27.

Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $279.98 million for the quarter, compared to analyst estimates of $277.50 million. Calix had a return on equity of 4.30% and a net margin of 3.20%.The company’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 EPS. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, research analysts expect that Calix, Inc will post 0.85 EPS for the current fiscal year.

Calix announced that its board has authorized a stock repurchase program on Wednesday, January 28th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the communications equipment provider to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the transaction, the director directly owned 1,644,188 shares of the company’s stock, valued at approximately $71,127,572.88. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CALX. Northland Securities cut Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price objective on the stock. in a report on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their target price on Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Zacks Research downgraded shares of Calix from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, Craig Hallum set a $60.00 target price on shares of Calix in a report on Friday, January 30th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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.