Calix, Inc $CALX Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its holdings in Calix, Inc (NYSE:CALX) by 17.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,786 shares of the communications equipment provider’s stock after acquiring an additional 35,082 shares during the quarter. Public Sector Pension Investment Board owned 0.35% of Calix worth $14,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. SouthState Corp boosted its stake in shares of Calix by 10,000.0% during the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 500 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Calix in the 2nd quarter valued at $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Calix in the 2nd quarter worth about $36,000. Whittier Trust Co. lifted its stake in 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 buying an additional 541 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Calix by 125.4% in the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 365 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CALX shares. Needham & Company LLC cut their price target on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Calix in a report on Monday, December 29th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $90.00 in a research report on Thursday, January 15th. Finally, Roth Mkm set a $85.00 price objective on shares of Calix and gave the company a “buy” rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Calix Stock Up 2.5%

NYSE CALX opened at $53.34 on Friday. The stock has a market capitalization of $3.54 billion, a PE ratio of 213.38 and a beta of 1.56. Calix, Inc has a 12-month low of $28.60 and a 12-month high of $71.22. The company has a 50 day moving average price of $53.75 and a two-hundred day moving average price of $57.52.

Calix (NYSE:CALX) last issued its quarterly earnings data 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. Calix had a return on equity of 2.31% and a net margin of 1.79%.The business had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. During the same quarter in the prior year, the firm posted $0.08 EPS. The firm’s revenue for the quarter was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, equities analysts anticipate that Calix, Inc will post -0.43 EPS for the current year.

Calix declared that its Board of Directors has approved a stock buyback program 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 programs are generally an indication that the company’s leadership believes its stock is 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.