Lisanti Capital Growth LLC Raises Stake in Calix, Inc $CALX

Lisanti Capital Growth LLC lifted its stake in Calix, Inc (NYSE:CALX) by 118.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,321 shares of the communications equipment provider’s stock after purchasing an additional 44,081 shares during the period. Lisanti Capital Growth LLC’s holdings in Calix were worth $4,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SouthState Corp boosted its position in 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 buying an additional 500 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Calix in the second quarter valued at approximately $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Calix in the second quarter worth approximately $36,000. Whittier Trust Co. increased 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 purchasing an additional 541 shares during the period. Finally, Covestor Ltd increased its holdings in Calix by 125.4% during the 3rd 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. Institutional investors own 98.14% of the company’s stock.

Insider Buying and Selling at Calix

In other Calix news, CFO Cory Sindelar sold 50,000 shares of Calix stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $65.30, for a total value of $3,265,000.00. Following the transaction, the chief financial officer directly owned 76,555 shares of the company’s stock, valued at approximately $4,999,041.50. The trade was a 39.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carl Russo sold 420,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total value of $26,917,800.00. Following the transaction, the director directly owned 1,694,188 shares in the company, valued at approximately $108,580,508.92. The trade was a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 520,000 shares of company stock worth $33,449,800 over the last three months. Corporate insiders own 16.90% of the company’s stock.

Calix Price Performance

CALX opened at $44.54 on Friday. The firm has a market capitalization of $2.95 billion, a PE ratio of 178.16 and a beta of 1.55. The business’s 50-day moving average is $54.37 and its two-hundred day moving average is $57.67. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $71.22.

Calix (NYSE:CALX) last released its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $272.40 million for the quarter, compared to analysts’ expectations of $267.36 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. The company’s revenue was up 32.2% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, sell-side analysts expect that Calix, Inc will post -0.43 EPS for the current year.

Calix announced that its Board of Directors has authorized a share buyback program on Wednesday, January 28th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

CALX has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Calix in a research report on Monday, December 29th. Needham & Company LLC lowered their price objective on shares of Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday. Craig Hallum set a $60.00 target price on shares of Calix in a report on Friday. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Calix in a research report on Tuesday. Finally, Zacks Research raised shares of Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 beat and strong revenue growth — Calix reported $0.39 EPS vs. $0.38 consensus and revenue of $272.4M (up ~32% YoY), showing healthy demand and execution. Calix Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Board ups buyback by $125M — Board authorized an additional $125M repurchase (about 3.4% of shares), which reduces share count risk and signals management’s view that shares are undervalued. Calix Increases Stock Repurchase Authorization
• Positive Sentiment: Analyst support and upside potential — Zacks upgraded Calix to strong-buy and Rosenblatt reiterated buy; consensus price-target commentary points to sizable upside potential from current levels. Zacks Upgrade Wall Street Analysts See Upside
• Positive Sentiment: Large BEAD opportunity and 2026 growth outlook — Management highlighted a $1B–$1.5B BEAD opportunity and projected sustained revenue growth, supporting longer-term secular thesis. Calix Outlines BEAD Opportunity
• Neutral Sentiment: Technicals look oversold — Some analysts note the stock is in oversold territory and could be ripe for a technical bounce, which may attract short-term traders. Technical Turnaround Note
• Negative Sentiment: Market focused on Q1 margin pressure — Despite headline guidance ranges that roughly cover/beat consensus, management warned of margin pressure driven by customer mix and overlapping cloud costs in Q1; that commentary triggered the sell-off as investors worried about near-term profitability. Calix Share Price Decreases Despite Q4 Growth
• Negative Sentiment: Investors punished guidance tone despite inline beats — Multiple outlets reported shares tumbling after the earnings call as investors parsed the company’s messaging on margins and near-term costs. Calix Shares Tumble on Guidance

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.