Connors Investor Services Inc. Lowers Stock Position in Calix, Inc $CALX

Connors Investor Services Inc. lessened its holdings in shares of Calix, Inc (NYSE:CALX) by 32.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,464 shares of the communications equipment provider’s stock after selling 28,498 shares during the period. Connors Investor Services Inc. owned 0.09% of Calix worth $3,649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CALX. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Calix during the third quarter valued at approximately $1,528,000. Inspire Advisors LLC purchased a new position in shares of Calix during the third quarter valued at approximately $2,844,000. Federated Hermes Inc. bought a new stake in shares of Calix in the 3rd quarter worth approximately $7,090,000. Axecap Investments LLC bought a new stake in shares of Calix in the 3rd quarter worth approximately $1,707,000. Finally, Prudential Financial Inc. grew its stake in shares of Calix by 211.3% in the 2nd quarter. Prudential Financial Inc. now owns 180,693 shares of the communications equipment provider’s stock worth $9,611,000 after buying an additional 122,649 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Price Performance

Shares of NYSE:CALX opened at $51.39 on Wednesday. Calix, Inc has a 1 year low of $29.50 and a 1 year high of $71.22. The company has a market cap of $3.37 billion, a P/E ratio of 205.56 and a beta of 1.49. The stock’s fifty day moving average price is $52.81 and its 200-day moving average price is $56.68.

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

Calix declared that its Board of Directors has authorized a share buyback plan on Wednesday, January 28th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to buy up to 3.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. 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 report on Thursday, January 29th. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and raised their price target for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Zacks Research upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Craig Hallum set a $60.00 price objective on shares of Calix in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.