Polar Asset Management Partners Inc. Grows Holdings in Calix, Inc $CALX

Polar Asset Management Partners Inc. lifted its stake in shares of Calix, Inc (NYSE:CALX) by 14.2% in the first quarter, HoldingsChannel.com reports. The fund owned 173,749 shares of the communications equipment provider’s stock after acquiring an additional 21,541 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Calix were worth $8,512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CALX. LVW Advisors LLC increased its stake in Calix by 2.0% in the fourth quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock valued at $511,000 after acquiring an additional 188 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Calix by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 213 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Calix by 27.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after purchasing an additional 265 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Calix by 3.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock worth $466,000 after purchasing an additional 270 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of Calix by 2.8% during the 4th quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock valued at $559,000 after purchasing an additional 287 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Rosenblatt Securities lowered their price objective on shares of Calix from $70.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Needham & Company LLC reduced their target price on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.86.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Northland Securities raised its FY2026 and Q4 2026 earnings estimates for Calix, and reiterated an Outperform rating with a $52 price target, signaling confidence in the company’s longer-term earnings outlook. Northland Securities estimate update
• Positive Sentiment: Calix also continued to receive supportive coverage and upbeat investment commentary, including a report suggesting the stock may be undervalued based on recent earnings performance and 2026 guidance. Calix undervaluation article
• Neutral Sentiment: Business updates also remain constructive, with Calix announcing that Conexon Connect is using Calix Agent Workforce Cloud to expand its rural fiber broadband go-to-market strategy. Conexon Connect announcement
• Neutral Sentiment: Separately, Calix expanded rural AI broadband reach with three new provider deployments, which supports the growth narrative but is not a major near-term catalyst. Rural AI broadband expansion article
• Negative Sentiment: Several law firms issued urgent reminders about the securities class action against Calix and the July 27 lead plaintiff deadline, keeping fraud allegations and potential legal costs front and center for investors. Securities fraud lawsuit reminder
• Negative Sentiment: Additional coverage noted a pessimistic forecast from JPMorgan and a downgrade-related move to new 52-week lows, reinforcing concerns that analysts are becoming more cautious on the stock. JPMorgan pessimistic forecast

Calix Price Performance

CALX opened at $35.97 on Monday. The stock’s 50 day simple moving average is $38.28 and its 200 day simple moving average is $46.00. Calix, Inc has a 1 year low of $34.26 and a 1 year high of $71.22. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 48.61 and a beta of 1.23.

Calix (NYSE:CALX) last released its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The firm had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, sell-side analysts anticipate that Calix, Inc will post 0.89 EPS for the current year.

Calix declared that its board has initiated a share repurchase plan on Tuesday, April 21st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are 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.