Calix, Inc $CALX Position Increased by Fifth Third Bancorp

Fifth Third Bancorp grew its position in Calix, Inc (NYSE:CALX) by 2,989.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,458 shares of the communications equipment provider’s stock after buying an additional 13,990 shares during the quarter. Fifth Third Bancorp’s holdings in Calix were worth $708,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Calix in the 4th quarter valued at approximately $57,915,000. Arrowstreet Capital Limited Partnership raised its stake in Calix by 214.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after purchasing an additional 868,987 shares during the period. Westfield Capital Management Co. LP raised its stake in Calix by 67.4% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,145,292 shares of the communications equipment provider’s stock valued at $60,620,000 after purchasing an additional 461,196 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Calix in the fourth quarter valued at $19,856,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Calix by 397,798.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 350,151 shares of the communications equipment provider’s stock valued at $18,533,000 after purchasing an additional 350,063 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Stock Performance

NYSE:CALX opened at $36.81 on Tuesday. The stock’s 50 day moving average price is $38.21 and its 200 day moving average price is $45.87. Calix, Inc has a 52 week low of $34.26 and a 52 week high of $71.22. The company has a market capitalization of $2.32 billion, a P/E ratio of 49.74 and a beta of 1.23.

Calix (NYSE:CALX) last posted its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. The company’s revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, sell-side analysts forecast that Calix, Inc will post 0.89 earnings per share for the current fiscal year.

Calix announced that its Board of Directors has initiated a share buyback program on Tuesday, April 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the communications equipment provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen downgraded Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Rosenblatt Securities lowered their target price on Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Needham & Company LLC lowered their target price on Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Calix has a consensus rating of “Moderate Buy” and a consensus price target of $63.86.

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.