Summit Global Investments Purchases 16,102 Shares of Calix, Inc $CALX

Summit Global Investments boosted its position in shares of Calix, Inc (NYSE:CALX) by 278.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,895 shares of the communications equipment provider’s stock after purchasing an additional 16,102 shares during the period. Summit Global Investments’ holdings in Calix were worth $1,344,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp increased its holdings in shares of Calix by 10,000.0% during the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 500 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Calix during the 2nd quarter worth approximately $30,000. Whittier Trust Co. increased its holdings in Calix by 541.0% during the 3rd 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. Covestor Ltd increased its holdings 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, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Calix in the 2nd quarter valued at $36,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on CALX. UBS Group restated an “outperform” rating and set a $75.00 target price on shares of Calix in a report on Friday, October 31st. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Calix in a research report on Tuesday. Roth Mkm set a $85.00 target price on shares of Calix and gave the stock a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and increased their price target for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Finally, Zacks Research raised shares of Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Calix currently has an average rating of “Moderate Buy” and a consensus target price of $77.50.

Key Stories 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 Trading Down 4.5%

Shares of NYSE CALX opened at $44.54 on Friday. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $71.22. The firm’s 50-day moving average is $54.37 and its 200-day moving average is $57.67. The firm has a market capitalization of $2.95 billion, a PE ratio of 178.16 and a beta of 1.55.

Calix (NYSE:CALX) last posted 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 net margin of 1.79% and a return on equity of 2.31%. The business had revenue of $272.40 million during the quarter, compared to the consensus estimate of $267.36 million. During the same period in the previous year, the firm posted $0.08 earnings per share. Calix’s revenue for the quarter 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 research analysts anticipate that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Calix declared that its board has authorized a stock repurchase program on Wednesday, January 28th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, insider Shane Todd Marshall Eleniak sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total value of $3,267,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Cory Sindelar sold 50,000 shares of Calix stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $65.30, for a total value of $3,265,000.00. Following the sale, the chief financial officer directly owned 76,555 shares of the company’s stock, valued at approximately $4,999,041.50. This trade represents a 39.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 520,000 shares of company stock valued at $33,449,800 in the last 90 days. 16.90% of the stock is owned by company insiders.

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.