Synergy Asset Management LLC Makes New $10.02 Million Investment in Calix, Inc $CALX

Synergy Asset Management LLC bought a new stake in shares of Calix, Inc (NYSE:CALX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 189,221 shares of the communications equipment provider’s stock, valued at approximately $10,015,000. Calix makes up about 1.0% of Synergy Asset Management LLC’s holdings, making the stock its 24th biggest holding. Synergy Asset Management LLC owned about 0.29% of Calix at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Diversified Trust Co. bought a new position in shares of Calix in the fourth quarter valued at approximately $537,000. Tudor Investment Corp ET AL increased its holdings in Calix by 38.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 290,189 shares of the communications equipment provider’s stock worth $17,809,000 after acquiring an additional 80,029 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Calix in the 3rd quarter worth approximately $386,000. Danske Bank A S purchased a new stake in Calix in the 3rd quarter worth approximately $5,139,000. Finally, Hancock Whitney Corp bought a new position in Calix in the 3rd quarter valued at $287,000. 98.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CALX. Weiss Ratings upgraded shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Craig Hallum set a $60.00 target price on Calix in a research report on Friday, January 30th. Wall Street Zen upgraded Calix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Calix in a report on Tuesday, January 27th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Calix Stock Performance

Calix stock opened at $51.07 on Friday. Calix, Inc has a fifty-two week low of $29.50 and a fifty-two week high of $71.22. The stock has a market cap of $3.35 billion, a P/E ratio of 204.27 and a beta of 1.49. The firm’s fifty day moving average price is $52.49 and its 200-day moving average price is $56.33.

Calix (NYSE:CALX) last announced its earnings results 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. Calix had a net margin of 1.79% and a return on equity of 2.31%. The company had revenue of $272.40 million during the quarter, compared to analyst estimates of $267.36 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was up 32.2% compared to the same quarter last year. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, analysts predict 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 permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to repurchase up to 3.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is 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.