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

Neuberger Berman Group LLC raised its position in Calix, Inc (NYSE:CALX) by 6.1% during the 3rd quarter, HoldingsChannel reports. 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’s holdings in Calix were worth $13,636,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Calix during the 3rd quarter worth approximately $1,528,000. Inspire Advisors LLC acquired a new position in Calix in the third quarter valued at approximately $2,844,000. Federated Hermes Inc. purchased a new position in Calix in the third quarter worth approximately $7,090,000. Axecap Investments LLC purchased a new position in Calix in the third quarter worth approximately $1,707,000. Finally, Prudential Financial Inc. increased its stake in Calix by 211.3% during the second quarter. Prudential Financial Inc. now owns 180,693 shares of the communications equipment provider’s stock worth $9,611,000 after acquiring an additional 122,649 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CALX shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Calix in a research note 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 on the stock in a research report on Thursday, January 29th. Craig Hallum set a $60.00 price target on shares of Calix in a research report on Friday, January 30th. Weiss Ratings upgraded shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Finally, Zacks Research upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Calix has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Calix Price Performance

Shares of Calix stock opened at $50.50 on Friday. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 202.00 and a beta of 1.49. The business has a 50-day moving average of $53.20 and a 200 day moving average of $57.09. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $71.22.

Calix (NYSE:CALX) last issued 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 company had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The business’s revenue for the quarter 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 research analysts anticipate that Calix, Inc will post -0.43 earnings per share for the current year.

Calix announced that its Board of Directors has initiated a stock repurchase 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 repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.