Edgestream Partners L.P. Takes Position in Calix, Inc $CALX

Edgestream Partners L.P. purchased a new position in Calix, Inc (NYSE:CALX) in the first quarter, Holdings Channel reports. The fund purchased 75,751 shares of the communications equipment provider’s stock, valued at approximately $3,711,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its stake in Calix by 1.0% during the fourth quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock valued at $125,072,000 after buying an additional 23,022 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Calix by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock valued at $76,513,000 after acquiring an additional 74,235 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Calix by 4.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock valued at $86,515,000 after acquiring an additional 61,247 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position 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 valued at $78,212,000 after acquiring an additional 868,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Calix by 28.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock worth $59,699,000 after purchasing an additional 269,876 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CALX shares. Rosenblatt Securities decreased 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. Wall Street Zen downgraded shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research report on Tuesday, July 21st. Needham & Company LLC dropped their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings raised shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Seven equities research 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.86.

Calix Stock Performance

CALX stock opened at $35.77 on Friday. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 48.34 and a beta of 1.23. Calix, Inc has a 1 year low of $34.26 and a 1 year high of $71.22. The stock’s fifty day moving average is $37.97 and its two-hundred day moving average is $45.46.

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

Calix announced that its board has authorized a share buyback plan on Tuesday, April 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 75,000 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the completion of the transaction, the director directly owned 1,569,188 shares of the company’s stock, valued at $56,804,605.60. The trade was a 4.56% decrease in their position. The transaction 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 corporate insiders.

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.