Penserra Capital Management LLC Has $9.82 Million Stock Holdings in Calix, Inc $CALX

Penserra Capital Management LLC lowered its stake in shares of Calix, Inc (NYSE:CALX) by 37.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 160,066 shares of the communications equipment provider’s stock after selling 95,619 shares during the quarter. Penserra Capital Management LLC’s holdings in Calix were worth $9,823,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CALX. Royal Bank of Canada increased its position in Calix by 11.0% in the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock valued at $993,000 after buying an additional 2,773 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Calix by 304.1% during the first quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock worth $1,538,000 after purchasing an additional 33,769 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Calix by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock worth $6,249,000 after purchasing an additional 16,905 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Calix by 26.8% in the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock worth $1,167,000 after purchasing an additional 6,962 shares in the last quarter. Finally, KLP Kapitalforvaltning AS grew its position in Calix by 9.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 13,300 shares of the communications equipment provider’s stock valued at $707,000 after purchasing an additional 1,100 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Performance

NYSE:CALX opened at $50.36 on Thursday. Calix, Inc has a 52 week low of $28.60 and a 52 week high of $71.22. The firm has a 50-day moving average price of $53.96 and a two-hundred day moving average price of $57.64. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 201.44 and a beta of 1.56.

Calix (NYSE:CALX) last issued its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Calix had a return on equity of 2.31% and a net margin of 1.79%.The business had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. During the same period last year, the company posted $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, sell-side analysts forecast that Calix, Inc will post -0.43 earnings per share for the current year.

Calix announced that its board has initiated a share repurchase program on Wednesday, January 28th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the communications equipment provider to reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

CALX has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Calix from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $75.00 to $90.00 in a report on Thursday, January 15th. Roth Mkm set a $85.00 price target on shares of Calix and gave the company a “buy” rating in a research report on Thursday, October 30th. Craig Hallum set a $60.00 price target on Calix in a research note on Friday, January 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Calix in a research note on Monday, December 29th. Finally, Zacks Research upgraded Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

Calix Company 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.