Calix, Inc $CALX Shares Sold by Penn Capital Management Company LLC

Key Points

• Penn Capital Management cut its stake in Calix by 20.2% in the 3rd quarter, selling 63,666 shares and leaving it with 252,181 shares worth about $15.51 million.
• Analyst sentiment is generally positive: JPMorgan upgraded Calix to Overweight and raised its price target to $90, while the consensus is a Moderate Buy with an average target of $77.50.
• Calix slightly beat quarterly EPS and revenue (revenue up 32.2% year-over-year), set Q1 2026 guidance of $0.34–$0.40 EPS, and authorized a $125 million stock buyback (about 3.4% of shares outstanding).

Penn Capital Management Company LLC decreased its holdings in Calix, Inc (NYSE:CALX - Free Report) by 20.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 252,181 shares of the communications equipment provider's stock after selling 63,666 shares during the quarter. Penn Capital Management Company LLC owned about 0.38% of Calix worth $15,514,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Clearstead Advisors LLC boosted its stake in shares of Calix by 139.3% during the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider's stock worth $27,000 after acquiring an additional 255 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Calix during the 2nd quarter worth $30,000. Whittier Trust Co. grew its holdings in Calix by 541.0% in the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider's stock valued at $38,000 after buying an additional 541 shares during the period. Covestor Ltd grew its holdings in Calix by 125.4% in the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider's stock valued at $40,000 after purchasing an additional 365 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in Calix during the third quarter worth approximately $64,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CALX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Calix from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Rosenblatt Securities restated a "buy" rating and set a $85.00 price target on shares of Calix in a research note on Tuesday, January 27th. Craig Hallum set a $60.00 price objective on Calix in a report on Friday, January 30th. Needham & Company LLC decreased their target price on Calix from $82.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, January 29th. 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 given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Calix presently has an average rating of "Moderate Buy" and a consensus price target of $77.50.

Calix Price Performance

CALX opened at $51.39 on Wednesday. The firm's fifty day moving average price is $52.81 and its 200 day moving average price is $56.68. The stock has a market capitalization of $3.37 billion, a PE ratio of 205.56 and a beta of 1.49. Calix, Inc has a 12-month low of $29.50 and a 12-month high of $71.22.

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

Calix announced that its Board of Directors has authorized a stock buyback program 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors 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.

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