Geode Capital Management LLC Purchases 74,235 Shares of Calix, Inc $CALX

Geode Capital Management LLC boosted its position in Calix, Inc (NYSE:CALX) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,445,338 shares of the communications equipment provider’s stock after buying an additional 74,235 shares during the period. Geode Capital Management LLC’s holdings in Calix were worth $76,513,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. LVW Advisors LLC boosted its stake in Calix by 2.0% during the 4th quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock valued at $511,000 after purchasing an additional 188 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Clearstead Advisors LLC boosted its stake in 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 purchasing an additional 255 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Calix by 27.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after purchasing an additional 265 shares during the last quarter. Finally, Marathon Capital Management boosted its stake in Calix by 0.5% during the 4th quarter. Marathon Capital Management now owns 80,585 shares of the communications equipment provider’s stock valued at $4,265,000 after purchasing an additional 385 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Key Headlines Impacting Calix

Here are the key news stories impacting Calix this week:

• Negative Sentiment: Multiple law firms, including Rosen, Schall, DJS, Bronstein Gewirtz Grossman, and Levi & Korsinsky, reiterated class action claims against Calix and urged investors who bought shares during the alleged class period to seek lead-plaintiff status by July 27, 2026. Article Title
• Negative Sentiment: The filings increase legal and reputational risk for Calix by highlighting allegations of investor harm tied to the company’s disclosures, which can create uncertainty around potential settlements or further litigation costs. Article Title
• Neutral Sentiment: A separate article asked whether Calix is a “good stock to buy now,” but it did not provide a clear catalyst or materially new operating update. Article Title

Calix Trading Down 0.3%

Calix stock opened at $37.15 on Tuesday. Calix, Inc has a 12 month low of $36.83 and a 12 month high of $71.22. The business’s 50 day simple moving average is $43.74 and its 200 day simple moving average is $49.97. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 77.40 and a beta of 1.23.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. Calix had a return on equity of 4.30% and a net margin of 3.20%.The business had revenue of $279.98 million for the quarter, compared to the consensus estimate of $277.50 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. Calix’s revenue for the quarter was up 27.2% on a year-over-year basis. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, equities research analysts forecast that Calix, Inc will post 0.85 earnings per share for the current fiscal year.

Calix announced that its Board of Directors has initiated a share repurchase plan on Tuesday, April 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the transaction, the director owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CALX shares. Needham & Company LLC cut their price target on Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Northland Securities downgraded Calix from an “outperform” rating to a “market perform” rating and set a $52.00 target price on the stock. in a research note on Wednesday, April 22nd. Wall Street Zen upgraded Calix from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.00.

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.