Calix, Inc $CALX Shares Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC increased its position in Calix, Inc (NYSE:CALX) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,736 shares of the communications equipment provider’s stock after buying an additional 14,415 shares during the period. Lisanti Capital Growth LLC owned about 0.14% of Calix worth $5,067,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Jefferies Financial Group Inc. acquired a new position in shares of Calix in the fourth quarter valued at approximately $297,000. MQS Management LLC acquired a new position in shares of Calix in the fourth quarter valued at approximately $266,000. Legato Capital Management LLC raised its position in shares of Calix by 67.9% in the fourth quarter. Legato Capital Management LLC now owns 26,410 shares of the communications equipment provider’s stock valued at $1,398,000 after buying an additional 10,685 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Calix by 101.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,710 shares of the communications equipment provider’s stock valued at $567,000 after buying an additional 5,404 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Calix by 167.0% in the fourth quarter. GSA Capital Partners LLP now owns 53,867 shares of the communications equipment provider’s stock valued at $2,851,000 after buying an additional 33,691 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Activity

In other news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $43.26, for a total value of $1,081,500.00. Following the completion of the sale, the director owned 1,644,188 shares of the company’s stock, valued at $71,127,572.88. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by insiders.

Analyst Ratings Changes

CALX has been the subject of a number of analyst reports. Needham & Company LLC cut their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings lowered shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price target on shares of Calix in a research report on Wednesday, April 22nd. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Calix Stock Performance

Shares of CALX stock opened at $39.26 on Friday. Calix, Inc has a one year low of $37.57 and a one year high of $71.22. The company has a 50 day moving average price of $46.41 and a 200 day moving average price of $51.85. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 81.79 and a beta of 1.27.

Calix (NYSE:CALX) last issued its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. Calix had a net margin of 3.20% and a return on equity of 4.30%. The firm had revenue of $279.98 million during the quarter, compared to analyst estimates of $277.50 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. Calix’s revenue for the quarter was up 27.2% compared to the same quarter last year. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, equities analysts forecast that Calix, Inc will post 0.85 EPS for the current fiscal year.

Calix announced that its board has initiated a stock repurchase 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 reacquire up to 3.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership 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.