Vanguard Group Inc. Trims Holdings in Calix, Inc $CALX

Key Points

• Vanguard Group trimmed its Calix stake by 2.2% in Q4, selling 186,628 shares and ending the period with 8,302,450 shares—equivalent to 12.53% ownership valued at about $439.45 million.
• Calix beat Q1 estimates with $0.40 EPS vs. $0.37 expected and revenue of $279.98M (up 27.2% year-over-year), and the company launched a $125 million share buyback (about 3.4% of shares).
• Analysts have trimmed several price targets, but the consensus rating is a "Moderate Buy" with a consensus price target of $67 (6 Buys, 3 Holds, 1 Sell).

Vanguard Group Inc. reduced its holdings in shares of Calix, Inc (NYSE:CALX - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,302,450 shares of the communications equipment provider's stock after selling 186,628 shares during the period. Vanguard Group Inc. owned 12.53% of Calix worth $439,449,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CALX. Clearstead Advisors LLC raised its position in shares of Calix by 139.3% in the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider's stock worth $27,000 after purchasing an additional 255 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Calix by 63.0% in the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider's stock valued at $29,000 after acquiring an additional 213 shares during the period. Raymond James Financial Inc. bought a new position in shares of Calix in the 2nd quarter worth approximately $30,000. Whittier Trust Co. raised its position in Calix by 541.0% in the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider's stock worth $38,000 after acquiring an additional 541 shares during the period. Finally, Covestor Ltd raised its holdings in Calix by 125.4% in the 3rd quarter. Covestor Ltd now owns 656 shares of the communications equipment provider's stock worth $40,000 after purchasing an additional 365 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CALX shares. Craig Hallum set a $60.00 price target on shares of Calix in a report on Friday, January 30th. Needham & Company LLC dropped their target price 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. Northland Securities downgraded shares of Calix from an "outperform" rating to a "market perform" rating and set a $52.00 price target on the stock. in a report on Wednesday, April 22nd. Wall Street Zen cut shares of Calix from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 18th. Finally, JPMorgan Chase & Co. dropped their price target on Calix from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Calix Price Performance

Shares of NYSE:CALX opened at $45.89 on Wednesday. The business has a 50 day simple moving average of $49.32 and a two-hundred day simple moving average of $53.69. The firm has a market capitalization of $2.93 billion, a PE ratio of 95.61 and a beta of 1.27. Calix, Inc has a 1 year low of $40.75 and a 1 year high of $71.22.

Calix (NYSE:CALX - Get Free Report) last released its earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $279.98 million during the quarter, compared to the consensus estimate of $277.50 million. Calix had a return on equity of 4.30% and a net margin of 3.20%.The business's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. Equities research analysts expect that Calix, Inc will post 0.85 EPS for the current fiscal year.

Calix declared that its board has initiated a stock buyback program on Wednesday, January 28th that permits the company to repurchase $125.00 million in outstanding shares. This repurchase authorization permits 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 management believes its shares are undervalued.

Insider Transactions at Calix

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the transaction, the director directly owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. This trade represents a 1.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company's stock.

About Calix

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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