Calix, Inc $CALX Shares Bought by Neuberger Berman Group LLC

Neuberger Berman Group LLC grew its holdings in Calix, Inc (NYSE:CALX) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 222,191 shares of the communications equipment provider’s stock after acquiring an additional 12,746 shares during the quarter. Neuberger Berman Group LLC owned 0.34% of Calix worth $13,636,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Calix in the 3rd quarter worth $1,528,000. Inspire Advisors LLC acquired a new position in shares of Calix in the third quarter valued at about $2,844,000. Federated Hermes Inc. purchased a new stake in Calix in the third quarter valued at approximately $7,090,000. Axecap Investments LLC purchased a new stake in Calix in the third quarter valued at approximately $1,707,000. Finally, Prudential Financial Inc. increased its holdings in Calix by 211.3% in the 2nd quarter. Prudential Financial Inc. now owns 180,693 shares of the communications equipment provider’s stock worth $9,611,000 after buying an additional 122,649 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

CALX has been the subject of several research reports. Zacks Research upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Craig Hallum set a $60.00 price objective on shares of Calix in a research note on Friday, January 30th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Calix in a report on Tuesday, January 27th. Needham & Company LLC decreased their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, 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 report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Calix has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Calix Price Performance

CALX opened at $50.50 on Friday. The firm has a fifty day moving average price of $53.20 and a 200 day moving average price of $57.09. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $71.22. The stock has a market cap of $3.31 billion, a P/E ratio of 202.00 and a beta of 1.49.

Calix (NYSE:CALX) last announced its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm had revenue of $272.40 million for the quarter, compared to the consensus estimate of $267.36 million. During the same period in the prior year, the firm posted $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. Equities analysts expect that Calix, Inc will post -0.43 EPS for the current year.

Calix announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 28th that authorizes the company to repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Calix Company 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.