Summit Global Investments Has $1.34 Million Stock Holdings in Calix, Inc $CALX

Summit Global Investments lifted its position in shares of Calix, Inc (NYSE:CALX) by 278.0% during the third quarter, HoldingsChannel reports. The firm owned 21,895 shares of the communications equipment provider’s stock after buying an additional 16,102 shares during the quarter. Summit Global Investments’ holdings in Calix were worth $1,344,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Inspire Advisors LLC bought a new position in Calix in the third quarter valued at approximately $2,844,000. Prudential Financial Inc. increased its position in shares of Calix by 211.3% during the second quarter. Prudential Financial Inc. now owns 180,693 shares of the communications equipment provider’s stock worth $9,611,000 after acquiring an additional 122,649 shares in the last quarter. Congress Asset Management Co. raised its holdings in shares of Calix by 3.2% during the third quarter. Congress Asset Management Co. now owns 1,463,202 shares of the communications equipment provider’s stock worth $89,797,000 after acquiring an additional 45,258 shares during the period. Axecap Investments LLC bought a new stake in Calix in the 3rd quarter valued at $1,707,000. Finally, Artisan Partners Limited Partnership boosted its stake in Calix by 14.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock worth $64,077,000 after purchasing an additional 152,469 shares during the period. Institutional investors own 98.14% of the company’s stock.

Calix Stock Performance

Calix stock opened at $44.54 on Friday. The stock has a 50-day simple moving average of $54.37 and a 200 day simple moving average of $57.67. The stock has a market capitalization of $2.95 billion, a P/E ratio of 178.16 and a beta of 1.55. Calix, Inc has a 52 week low of $28.60 and a 52 week high of $71.22.

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

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

Insider Activity at Calix

In other news, CFO Cory Sindelar sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $65.30, for a total transaction of $3,265,000.00. Following the transaction, the chief financial officer directly owned 76,555 shares of the company’s stock, valued at approximately $4,999,041.50. This trade represents a 39.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total value of $3,267,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 520,000 shares of company stock worth $33,449,800 in the last ninety days. 16.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on CALX. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Calix in a research report on Monday, December 29th. Craig Hallum set a $60.00 price target on Calix in a research report on Friday. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Calix in a report on Tuesday. Finally, Needham & Company LLC cut their price objective on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Key Stories Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 beat and strong revenue growth — Calix reported $0.39 EPS vs. $0.38 consensus and revenue of $272.4M (up ~32% YoY), showing healthy demand and execution. Calix Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Board ups buyback by $125M — Board authorized an additional $125M repurchase (about 3.4% of shares), which reduces share count risk and signals management’s view that shares are undervalued. Calix Increases Stock Repurchase Authorization
• Positive Sentiment: Analyst support and upside potential — Zacks upgraded Calix to strong-buy and Rosenblatt reiterated buy; consensus price-target commentary points to sizable upside potential from current levels. Zacks Upgrade Wall Street Analysts See Upside
• Positive Sentiment: Large BEAD opportunity and 2026 growth outlook — Management highlighted a $1B–$1.5B BEAD opportunity and projected sustained revenue growth, supporting longer-term secular thesis. Calix Outlines BEAD Opportunity
• Neutral Sentiment: Technicals look oversold — Some analysts note the stock is in oversold territory and could be ripe for a technical bounce, which may attract short-term traders. Technical Turnaround Note
• Negative Sentiment: Market focused on Q1 margin pressure — Despite headline guidance ranges that roughly cover/beat consensus, management warned of margin pressure driven by customer mix and overlapping cloud costs in Q1; that commentary triggered the sell-off as investors worried about near-term profitability. Calix Share Price Decreases Despite Q4 Growth
• Negative Sentiment: Investors punished guidance tone despite inline beats — Multiple outlets reported shares tumbling after the earnings call as investors parsed the company’s messaging on margins and near-term costs. Calix Shares Tumble on Guidance

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.