Assenagon Asset Management S.A. Has $2.69 Million Holdings in Calix, Inc $CALX

Assenagon Asset Management S.A. decreased its position in shares of Calix, Inc (NYSE:CALX) by 80.4% in the 4th quarter, HoldingsChannel reports. The firm owned 50,879 shares of the communications equipment provider’s stock after selling 208,457 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Calix were worth $2,693,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CALX. Arrowstreet Capital Limited Partnership raised its position in shares of Calix by 214.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after buying an additional 868,987 shares in the last quarter. Divisadero Street Capital Management LP increased its stake in Calix by 756.0% in the third quarter. Divisadero Street Capital Management LP now owns 453,873 shares of the communications equipment provider’s stock valued at $27,854,000 after acquiring an additional 400,851 shares during the last quarter. Westfield Capital Management Co. LP raised its position in Calix by 135.0% during the third quarter. Westfield Capital Management Co. LP now owns 684,096 shares of the communications equipment provider’s stock valued at $41,983,000 after purchasing an additional 392,947 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Calix by 1,166.0% during the second quarter. Cubist Systematic Strategies LLC now owns 290,026 shares of the communications equipment provider’s stock worth $15,427,000 after purchasing an additional 267,118 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Calix by 114.9% during the third quarter. Invesco Ltd. now owns 482,033 shares of the communications equipment provider’s stock worth $29,582,000 after purchasing an additional 257,771 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Calix Trading Down 1.8%

Shares of CALX stock opened at $49.39 on Tuesday. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 197.58 and a beta of 1.49. The business’s 50-day moving average price is $52.15 and its 200-day moving average price is $56.07. Calix, Inc has a 12 month low of $29.50 and a 12 month high of $71.22.

Calix (NYSE:CALX) last released its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Calix had a return on equity of 2.31% and a net margin of 1.79%.The company had revenue of $272.40 million during the quarter, compared to the consensus estimate of $267.36 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The firm’s 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. On average, sell-side analysts predict that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Calix declared that its Board of Directors has approved a share repurchase program on Wednesday, January 28th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

CALX has been the topic of several recent analyst reports. Craig Hallum set a $60.00 price target on Calix in a research note on Friday, January 30th. Zacks Research cut Calix from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Sunday. 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 research report on Thursday, January 15th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Calix in a research note on Tuesday, January 27th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.