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

Key Points

• Divisadero Street Capital Management LP boosted its stake in Calix by 756%, buying 400,851 shares to hold 453,873 shares (about 0.68% of the company) valued at roughly $27.85 million, and institutional investors own about 98.14% of the stock.
• Calix beat quarterly expectations with $0.39 EPS (vs. $0.38 est.) and revenue of $272.4M (up 32.2% YoY), set Q1 2026 guidance of $0.340–0.400 EPS, and carries a MarketBeat consensus of "Moderate Buy" with an average target of $77.50.
• The company’s board authorized a $125 million stock repurchase program (up to 3.4% of shares outstanding), signaling confidence from management while the market values Calix at about $3.32 billion.

Divisadero Street Capital Management LP raised its position in Calix, Inc (NYSE:CALX - Free Report) by 756.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 453,873 shares of the communications equipment provider's stock after buying an additional 400,851 shares during the period. Calix makes up about 1.2% of Divisadero Street Capital Management LP's holdings, making the stock its 21st biggest holding. Divisadero Street Capital Management LP owned approximately 0.68% of Calix worth $27,854,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Clearstead Advisors LLC increased its position in shares of Calix by 139.3% during the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider's stock worth $27,000 after acquiring an additional 255 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Calix in the second quarter valued at about $30,000. Whittier Trust Co. boosted its holdings in Calix by 541.0% in the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 541 shares during the last quarter. Covestor Ltd grew its stake in Calix by 125.4% during the 3rd quarter. Covestor Ltd now owns 656 shares of the communications equipment provider's stock valued at $40,000 after purchasing an additional 365 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Calix by 27.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider's stock worth $64,000 after purchasing an additional 265 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CALX shares. Rosenblatt Securities reiterated a "buy" rating and set a $85.00 target price on shares of Calix in a research note on Tuesday, January 27th. Weiss Ratings raised shares of Calix from a "sell (d-)" rating to a "hold (c-)" rating in a report on Monday, February 23rd. Craig Hallum set a $60.00 price objective on shares of Calix in a research note on Friday, January 30th. Wall Street Zen lowered shares of Calix from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Finally, Zacks Research raised shares of Calix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 28th. One investment 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $77.50.

Calix Stock Up 1.6%

Shares of CALX stock opened at $50.56 on Monday. The business has a 50 day moving average of $52.94 and a two-hundred day moving average of $56.81. Calix, Inc has a 52 week low of $29.50 and a 52 week high of $71.22. The company has a market cap of $3.32 billion, a P/E ratio of 202.24 and a beta of 1.49.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. Calix had a return on equity of 2.31% and a net margin of 1.79%.The business had revenue of $272.40 million for the quarter, compared to analysts' expectations of $267.36 million. During the same period in the prior year, the firm earned $0.08 EPS. The business's quarterly revenue was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. Analysts expect that Calix, Inc will post -0.43 EPS for the current fiscal year.

Calix declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 28th that permits the company to buyback $125.00 million in shares. This buyback authorization permits the communications equipment provider to buy up to 3.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is 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.

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