Fifth Third Bancorp Buys 13,990 Shares of Calix, Inc $CALX

Fifth Third Bancorp lifted its stake in shares of Calix, Inc (NYSE:CALX) by 2,989.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,458 shares of the communications equipment provider’s stock after acquiring an additional 13,990 shares during the quarter. Fifth Third Bancorp’s holdings in Calix were worth $708,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CALX. 4D Advisors LLC acquired a new position in Calix during the fourth quarter valued at approximately $6,087,000. GSA Capital Partners LLP lifted 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 worth $2,851,000 after buying an additional 33,691 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Calix by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock worth $76,513,000 after buying an additional 74,235 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Calix by 397,798.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 350,151 shares of the communications equipment provider’s stock worth $18,533,000 after buying an additional 350,063 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of Calix by 129.7% during the 4th quarter. Intech Investment Management LLC now owns 101,074 shares of the communications equipment provider’s stock worth $5,350,000 after buying an additional 57,065 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

CALX has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Weiss Ratings raised shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research report on Tuesday, July 21st. Finally, Rosenblatt Securities dropped their price objective on Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.86.

Calix Stock Performance

Shares of CALX stock opened at $36.81 on Tuesday. The firm has a fifty day moving average of $38.21 and a 200-day moving average of $45.87. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 49.74 and a beta of 1.23. Calix, Inc has a 52-week low of $34.26 and a 52-week high of $71.22.

Calix (NYSE:CALX) last issued its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. The firm’s revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, sell-side analysts predict that Calix, Inc will post 0.89 earnings per share for the current year.

Calix announced that its board has authorized a share repurchase plan on Tuesday, April 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to purchase up to 3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.