Tudor Investment Corp ET AL Boosts Stake in Calix, Inc $CALX

Tudor Investment Corp ET AL lifted its position in Calix, Inc (NYSE:CALX) by 38.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,189 shares of the communications equipment provider’s stock after purchasing an additional 80,029 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.44% of Calix worth $17,809,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CALX. CIBC Bancorp USA Inc. purchased a new stake in Calix in the third quarter valued at approximately $386,000. Danske Bank A S purchased a new position in shares of Calix during the third quarter worth approximately $5,139,000. Hancock Whitney Corp acquired a new position in shares of Calix in the 3rd quarter valued at $287,000. NewEdge Advisors LLC acquired a new position in shares of Calix in the 3rd quarter valued at $64,000. Finally, Caxton Associates LLP purchased a new stake in Calix in the 3rd quarter valued at $2,085,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Price Performance

Calix stock opened at $50.36 on Friday. 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 $3.30 billion, a PE ratio of 201.44 and a beta of 1.49. The stock’s 50 day moving average price is $52.73 and its 200 day moving average price is $56.53.

Calix (NYSE:CALX) last released its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $272.40 million during 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%.Calix’s revenue was up 32.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, equities research analysts anticipate that Calix, Inc will post -0.43 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on CALX shares. Zacks Research downgraded shares of Calix from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Needham & Company LLC lowered their price target on Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $75.00 to $90.00 in a research report on Thursday, January 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Calix in a research note on Tuesday, January 27th. Finally, Craig Hallum set a $60.00 target price on Calix in a research note on Friday, January 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.50.

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.