Vanguard Group Inc. Has $520.98 Million Holdings in Calix, Inc $CALX

Vanguard Group Inc. trimmed its position in Calix, Inc (NYSE:CALX) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,489,078 shares of the communications equipment provider’s stock after selling 126,306 shares during the quarter. Vanguard Group Inc. owned 12.81% of Calix worth $520,975,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. SouthState Corp lifted its stake in shares of Calix by 10,000.0% in the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Raymond James Financial Inc. bought a new position in Calix during the second quarter worth $30,000. Whittier Trust Co. grew its holdings in Calix by 541.0% during the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 541 shares during the period. Covestor Ltd grew its stake in Calix by 125.4% during the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 365 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Calix during the 2nd quarter worth approximately $36,000. Institutional investors own 98.14% of the company’s stock.

Calix Trading Down 4.5%

Shares of CALX stock opened at $51.07 on Thursday. The firm’s 50 day moving average is $53.54 and its 200 day moving average is $57.34. The stock has a market capitalization of $3.35 billion, a P/E ratio of 204.28 and a beta of 1.56. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $272.40 million during the quarter, compared to analyst estimates of $267.36 million. Calix had a return on equity of 2.31% and a net margin of 1.79%.The business’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 earnings per share. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, equities analysts predict that Calix, Inc will post -0.43 EPS for the current year.

Calix announced that its Board of Directors has initiated a share 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 buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

CALX has been the topic of a number of research reports. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $90.00 in a research note on Thursday, January 15th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Calix in a research report on Tuesday, January 27th. Roth Mkm set a $85.00 price objective on Calix and gave the company a “buy” rating in a research note on Thursday, October 30th. Zacks Research upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. One 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 company. Based on data from MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and a consensus 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.