Calix, Inc (NYSE:CALX) Short Interest Up 36.9% in February

Calix, Inc (NYSE:CALX) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 5,059,227 shares, a growth of 36.9% from the January 29th total of 3,695,833 shares. Approximately 9.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,695,288 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily trading volume, of 1,695,288 shares, the days-to-cover ratio is presently 3.0 days. Approximately 9.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

CALX has been the subject of a number of research analyst reports. Zacks Research upgraded Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Needham & Company LLC reduced their price objective on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Weiss Ratings raised Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Wall Street Zen downgraded shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Calix currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

Calix Trading Up 2.8%

CALX traded up $1.44 on Monday, reaching $53.21. The stock had a trading volume of 727,860 shares, compared to its average volume of 1,250,111. Calix has a 12-month low of $28.60 and a 12-month high of $71.22. The business’s 50-day moving average price is $53.44 and its two-hundred day moving average price is $57.24. The company has a market cap of $3.49 billion, a P/E ratio of 212.85 and a beta of 1.49.

Calix (NYSE:CALX) last posted its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $272.40 million for the quarter, compared to analysts’ expectations of $267.36 million. Calix had a return on equity of 2.31% and a net margin of 1.79%.The company’s quarterly revenue was up 32.2% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, analysts predict that Calix will post -0.43 earnings per share for the current year.

Calix announced that its Board of Directors has approved a stock repurchase plan on Wednesday, January 28th that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CALX. Royal Bank of Canada grew its stake in Calix by 11.0% in the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock valued at $993,000 after acquiring an additional 2,773 shares during the period. AQR Capital Management LLC lifted its holdings in Calix by 304.1% during the first quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $1,538,000 after purchasing an additional 33,769 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Calix by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock valued at $6,249,000 after purchasing an additional 16,905 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Calix by 26.8% in the first quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after purchasing an additional 6,962 shares during the period. Finally, CWM LLC increased its stake in shares of Calix by 112.6% during the second quarter. CWM LLC now owns 1,335 shares of the communications equipment provider’s stock worth $71,000 after purchasing an additional 707 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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.