Diversified Trust Co. Buys Shares of 10,147 Calix, Inc $CALX

Diversified Trust Co. purchased a new stake in Calix, Inc (NYSE:CALX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 10,147 shares of the communications equipment provider’s stock, valued at approximately $537,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Clearstead Advisors LLC raised its position in shares of Calix by 139.3% during the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 255 shares during the period. Raymond James Financial Inc. acquired a new position in Calix in the second quarter valued at approximately $30,000. Whittier Trust Co. grew 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. Covestor Ltd increased its stake in Calix by 125.4% during the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 365 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in Calix during the third quarter worth $64,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Stock Down 1.8%

Shares of CALX stock opened at $50.11 on Friday. Calix, Inc has a 52 week low of $29.50 and a 52 week high of $71.22. The stock has a market capitalization of $3.29 billion, a PE ratio of 200.46 and a beta of 1.49. The firm has a 50 day moving average of $52.32 and a two-hundred day moving average of $56.21.

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

Calix announced that its board has initiated a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CALX. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and upped their price target for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Weiss Ratings raised Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Needham & Company LLC reduced their price objective on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Craig Hallum set a $60.00 target price on shares of Calix in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

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.