Westfield Capital Management Co. LP Purchases 392,947 Shares of Calix, Inc $CALX

Westfield Capital Management Co. LP increased its position in shares of Calix, Inc (NYSE:CALX) by 135.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 684,096 shares of the communications equipment provider’s stock after buying an additional 392,947 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Calix were worth $41,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its position in Calix by 12.9% during the 3rd quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock worth $92,000 after acquiring an additional 172 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Calix by 12.9% in the third quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock worth $102,000 after purchasing an additional 190 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Calix by 4.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 190 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Calix by 1.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock valued at $822,000 after purchasing an additional 200 shares during the period. Finally, Clearstead Advisors LLC grew its holdings in Calix by 139.3% in the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 255 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Stock Performance

Shares of Calix stock opened at $51.49 on Friday. The firm has a market cap of $3.38 billion, a P/E ratio of 205.96 and a beta of 1.56. The firm’s 50-day simple moving average is $53.50 and its 200-day simple moving average is $57.30. Calix, Inc has a twelve month low of $28.60 and a twelve month high of $71.22.

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

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

Analyst Upgrades and Downgrades

CALX has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday. Craig Hallum set a $60.00 price target on shares of Calix in a report on Friday, January 30th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Calix in a report on Tuesday, January 27th. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Roth Mkm set a $85.00 target price on Calix and gave the stock a “buy” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.50.

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.