Calix, Inc $CALX Shares Acquired by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP boosted its position in Calix, Inc (NYSE:CALX) by 756.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 453,873 shares of the communications equipment provider’s stock after buying an additional 400,851 shares during the quarter. Calix makes up about 1.2% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 21st largest position. Divisadero Street Capital Management LP’s holdings in Calix were worth $27,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada grew its position in Calix by 11.0% in the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock worth $993,000 after purchasing an additional 2,773 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Calix by 304.1% during the first quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $1,538,000 after buying an additional 33,769 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Calix by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock worth $6,249,000 after buying an additional 16,905 shares during the period. Intech Investment Management LLC boosted its position in shares of Calix by 26.8% during the first quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock worth $1,167,000 after buying an additional 6,962 shares during the period. Finally, Boston Partners bought a new position in Calix in the 2nd quarter worth approximately $396,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Price Performance

CALX stock opened at $50.56 on Monday. The firm has a market cap of $3.32 billion, a PE ratio of 202.24 and a beta of 1.49. Calix, Inc has a 12 month low of $29.50 and a 12 month high of $71.22. The firm has a 50 day simple moving average of $52.94 and a 200 day simple moving average of $56.81.

Calix (NYSE:CALX) last posted its quarterly 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. The firm had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 earnings per share. 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 earnings per share for the current year.

Calix announced that its Board of Directors has approved a stock buyback program on Wednesday, January 28th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the communications equipment provider to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

CALX has been the topic of several analyst reports. Zacks Research upgraded Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $90.00 in a research note on Thursday, January 15th. Weiss Ratings raised Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Calix in a research note on Tuesday, January 27th. Finally, Needham & Company LLC reduced their price objective on shares of Calix from $82.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Calix currently has an average rating of “Moderate Buy” and an average target price of $77.50.

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.