24,894 Shares in Calix, Inc $CALX Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Calix, Inc (NYSE:CALX) during the 3rd quarter, Holdings Channel.com reports. The fund bought 24,894 shares of the communications equipment provider’s stock, valued at approximately $1,528,000.

Several other hedge funds have also modified their holdings of CALX. SouthState Corp grew its position in shares of Calix by 10,000.0% in the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 500 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Calix in the second quarter valued at approximately $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Calix in the second quarter worth $36,000. Whittier Trust Co. increased 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 worth $38,000 after purchasing an additional 541 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of 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 during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CALX shares. Roth Mkm set a $85.00 target price on Calix and gave the stock a “buy” rating in a research note on Thursday, October 30th. Needham & Company LLC dropped their price target on Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. UBS Group reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Calix in a research report on Friday, October 31st. Craig Hallum set a $60.00 target price on shares of Calix in a research note on Friday, January 30th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Calix Trading Up 4.7%

Shares of NYSE:CALX opened at $50.36 on Thursday. Calix, Inc has a twelve month low of $28.60 and a twelve month high of $71.22. The company has a market cap of $3.34 billion, a PE ratio of 201.44 and a beta of 1.56. The company’s 50 day moving average is $53.96 and its 200 day moving average is $57.64.

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

Calix announced that its Board of Directors has approved a share repurchase 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 buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are 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.