Calix, Inc $CALX Holdings Raised by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in shares of Calix, Inc (NYSE:CALX) by 167.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,867 shares of the communications equipment provider’s stock after purchasing an additional 33,691 shares during the period. Calix comprises about 0.2% of GSA Capital Partners LLP’s holdings, making the stock its 26th biggest holding. GSA Capital Partners LLP’s holdings in Calix were worth $2,851,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Clearstead Advisors LLC lifted its holdings in shares of Calix by 139.3% during the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 255 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Calix by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Calix during the second quarter valued at $30,000. Whittier Trust Co. lifted its holdings in shares of Calix by 541.0% during the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 541 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Calix by 125.4% during the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 365 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Trading Up 0.7%

NYSE:CALX opened at $40.10 on Tuesday. Calix, Inc has a 1-year low of $39.32 and a 1-year high of $71.22. The business’s fifty day moving average price is $47.36 and its 200 day moving average price is $52.52. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 83.55 and a beta of 1.27.

Calix (NYSE:CALX) last issued its earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. Calix had a return on equity of 4.30% and a net margin of 3.20%.The company had revenue of $279.98 million for the quarter, compared to analyst estimates of $277.50 million. During the same period in the prior year, the firm posted $0.19 EPS. The business’s revenue was up 27.2% compared to the same quarter last year. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. Equities analysts forecast that Calix, Inc will post 0.85 earnings per share for the current year.

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

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the transaction, the director directly owned 1,644,188 shares of the company’s stock, valued at $71,127,572.88. This represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Northland Securities lowered Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price target on the stock. in a research report on Wednesday, April 22nd. Roth Mkm reissued a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. JPMorgan Chase & Co. dropped their price target on Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Craig Hallum set a $60.00 price target on Calix in a research report on Friday, January 30th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Calix currently has an average rating of “Moderate Buy” and an average price target of $67.00.

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.