Harbor Capital Advisors Inc. Has $2.26 Million Holdings in Calix, Inc $CALX

Harbor Capital Advisors Inc. boosted its position in shares of Calix, Inc (NYSE:CALX) by 49.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 42,597 shares of the communications equipment provider’s stock after purchasing an additional 14,063 shares during the period. Harbor Capital Advisors Inc.’s holdings in Calix were worth $2,255,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Clearstead Advisors LLC raised its position in shares of Calix by 139.3% in 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Calix during the 2nd quarter worth approximately $30,000. Whittier Trust Co. boosted its position in shares of Calix by 541.0% during the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 541 shares in the last quarter. Covestor Ltd increased its stake in Calix by 125.4% in the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 365 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Calix by 27.0% in the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after acquiring an additional 265 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Calix Stock Up 0.1%

Shares of CALX opened at $46.40 on Friday. The stock has a market cap of $3.00 billion, a PE ratio of 185.59 and a beta of 1.53. Calix, Inc has a 12-month low of $29.50 and a 12-month high of $71.22. The business has a 50-day simple moving average of $51.45 and a two-hundred day simple moving average of $55.71.

Calix (NYSE:CALX) last released its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $267.36 million. During the same period in the previous year, the business posted $0.08 earnings per share. The business’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. On average, equities research analysts expect that Calix, Inc will post -0.43 EPS for the current year.

Calix declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 28th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the communications equipment provider to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

CALX has been the subject of several recent analyst reports. Needham & Company LLC cut their target price on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Craig Hallum set a $60.00 price target on Calix in a research note on Friday, January 30th. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 29th. Rosenblatt Securities restated a “buy” rating and set a $70.00 price objective on shares of Calix in a research report on Tuesday, March 31st. Finally, Zacks Research lowered Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Calix currently has an average rating of “Moderate Buy” and an average price target of $75.00.

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.