Lisanti Capital Growth LLC Boosts Holdings in Calix, Inc $CALX

Lisanti Capital Growth LLC raised its stake in shares of Calix, Inc (NYSE:CALX) by 118.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,321 shares of the communications equipment provider’s stock after buying an additional 44,081 shares during the quarter. Lisanti Capital Growth LLC owned about 0.12% of Calix worth $4,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CALX. Summit Global Investments boosted its position in shares of Calix by 278.0% during the third quarter. Summit Global Investments now owns 21,895 shares of the communications equipment provider’s stock worth $1,344,000 after acquiring an additional 16,102 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Calix in the 3rd quarter valued at $1,528,000. Federated Hermes Inc. purchased a new stake in Calix in the 3rd quarter worth $7,090,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Calix during the 3rd quarter valued at about $205,000. Finally, Whittier Trust Co. grew its position in shares of Calix by 541.0% during 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 in the last quarter. Institutional investors own 98.14% of the company’s stock.

Insider Activity at Calix

In other Calix news, insider Shane Todd Marshall Eleniak sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total transaction of $3,267,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carl Russo sold 420,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total value of $26,917,800.00. Following the completion of the sale, the director owned 1,694,188 shares in the company, valued at approximately $108,580,508.92. The trade was a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 520,000 shares of company stock worth $33,449,800. Insiders own 16.90% of the company’s stock.

Wall Street Analyst Weigh In

CALX has been the topic of a number of research analyst reports. Needham & Company LLC decreased their target price on Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Calix in a report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Calix in a report on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Calix from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a research report on Thursday, January 15th. Finally, Craig Hallum set a $60.00 price objective on shares of Calix in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.50.

Key Headlines Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 beat and strong revenue growth — Calix reported $0.39 EPS vs. $0.38 consensus and revenue of $272.4M (up ~32% YoY), showing healthy demand and execution. Calix Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Board ups buyback by $125M — Board authorized an additional $125M repurchase (about 3.4% of shares), which reduces share count risk and signals management’s view that shares are undervalued. Calix Increases Stock Repurchase Authorization
• Positive Sentiment: Analyst support and upside potential — Zacks upgraded Calix to strong-buy and Rosenblatt reiterated buy; consensus price-target commentary points to sizable upside potential from current levels. Zacks Upgrade Wall Street Analysts See Upside
• Positive Sentiment: Large BEAD opportunity and 2026 growth outlook — Management highlighted a $1B–$1.5B BEAD opportunity and projected sustained revenue growth, supporting longer-term secular thesis. Calix Outlines BEAD Opportunity
• Neutral Sentiment: Technicals look oversold — Some analysts note the stock is in oversold territory and could be ripe for a technical bounce, which may attract short-term traders. Technical Turnaround Note
• Negative Sentiment: Market focused on Q1 margin pressure — Despite headline guidance ranges that roughly cover/beat consensus, management warned of margin pressure driven by customer mix and overlapping cloud costs in Q1; that commentary triggered the sell-off as investors worried about near-term profitability. Calix Share Price Decreases Despite Q4 Growth
• Negative Sentiment: Investors punished guidance tone despite inline beats — Multiple outlets reported shares tumbling after the earnings call as investors parsed the company’s messaging on margins and near-term costs. Calix Shares Tumble on Guidance

Calix Stock Performance

NYSE CALX opened at $44.54 on Friday. The business’s 50 day moving average price is $54.37 and its 200-day moving average price is $57.67. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $71.22. The company has a market cap of $2.95 billion, a P/E ratio of 178.16 and a beta of 1.55.

Calix (NYSE:CALX) last posted its quarterly earnings data 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. Calix had a net margin of 1.79% and a return on equity of 2.31%. The company had revenue of $272.40 million during the quarter, compared to analyst estimates of $267.36 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Calix’s quarterly revenue was up 32.2% compared to the same quarter last year. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, equities analysts predict that Calix, Inc will post -0.43 EPS for the current year.

Calix announced that its board has authorized a share repurchase program on Wednesday, January 28th that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.