Calix, Inc $CALX Shares Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lifted its holdings in Calix, Inc (NYSE:CALX) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,736 shares of the communications equipment provider’s stock after acquiring an additional 14,415 shares during the period. Lisanti Capital Growth LLC’s holdings in Calix were worth $5,067,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Calix in the third quarter valued at $1,528,000. Federated Hermes Inc. purchased a new position in shares of Calix in the third quarter valued at $7,090,000. Tudor Investment Corp ET AL boosted its stake in shares of Calix by 38.1% in the third quarter. Tudor Investment Corp ET AL now owns 290,189 shares of the communications equipment provider’s stock valued at $17,809,000 after purchasing an additional 80,029 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Calix by 167.0% in the fourth quarter. GSA Capital Partners LLP now owns 53,867 shares of the communications equipment provider’s stock valued at $2,851,000 after purchasing an additional 33,691 shares during the period. Finally, Atika Capital Management LLC purchased a new position in shares of Calix in the third quarter valued at $5,493,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the transaction, the director directly owned 1,644,188 shares in the company, valued at $71,127,572.88. This represents a 1.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by company insiders.

Calix Price Performance

NYSE CALX opened at $39.26 on Friday. Calix, Inc has a 12 month low of $37.57 and a 12 month high of $71.22. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 81.79 and a beta of 1.27. The company’s fifty day moving average price is $46.41 and its two-hundred day moving average price is $51.85.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Calix had a net margin of 3.20% and a return on equity of 4.30%. The firm had revenue of $279.98 million for the quarter, compared to the consensus estimate of $277.50 million. During the same period in the prior year, the firm posted $0.19 EPS. The firm’s revenue was up 27.2% compared to the same quarter last year. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, analysts anticipate that Calix, Inc will post 0.85 EPS for the current year.

Calix declared that its board has approved 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 purchase up to 3.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

CALX has been the subject of several analyst reports. Roth Mkm restated a “buy” rating on shares of Calix in a research note on Thursday, April 23rd. Craig Hallum set a $60.00 target price on shares of Calix in a research note on Friday, January 30th. Needham & Company LLC decreased their target price on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings downgraded shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Zacks Research upgraded shares of Calix from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

About Calix

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.