Polar Asset Management Partners Inc. Boosts Stock Holdings in Calix, Inc $CALX

Polar Asset Management Partners Inc. grew its holdings in Calix, Inc (NYSE:CALX) by 14.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,749 shares of the communications equipment provider’s stock after purchasing an additional 21,541 shares during the period. Polar Asset Management Partners Inc. owned approximately 0.27% of Calix worth $8,512,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. purchased a new position in Calix in the 4th quarter valued at approximately $57,915,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Calix by 214.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after acquiring an additional 868,987 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in shares of Calix by 67.4% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,145,292 shares of the communications equipment provider’s stock worth $60,620,000 after acquiring an additional 461,196 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Calix in the fourth quarter worth $19,856,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Calix by 397,798.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 350,151 shares of the communications equipment provider’s stock worth $18,533,000 after acquiring an additional 350,063 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Stock Performance

Calix stock opened at $35.97 on Monday. The stock has a market cap of $2.26 billion, a P/E ratio of 48.61 and a beta of 1.23. Calix, Inc has a fifty-two week low of $34.26 and a fifty-two week high of $71.22. The firm’s fifty day moving average price is $38.28 and its 200-day moving average price is $46.00.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The company had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. During the same quarter last year, the company earned $0.33 earnings per share. The firm’s quarterly revenue was up 21.3% on a year-over-year basis. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Sell-side analysts predict that Calix, Inc will post 0.89 earnings per share for the current year.

Calix declared that its Board of Directors has approved a stock buyback program on Tuesday, April 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CALX. JPMorgan Chase & Co. decreased their price objective on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Zacks Research lowered Calix from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, Rosenblatt Securities lowered their price target on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.86.

Key Headlines Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Northland Securities raised its FY2026 and Q4 2026 earnings estimates for Calix, and reiterated an Outperform rating with a $52 price target, signaling confidence in the company’s longer-term earnings outlook. Northland Securities estimate update
• Positive Sentiment: Calix also continued to receive supportive coverage and upbeat investment commentary, including a report suggesting the stock may be undervalued based on recent earnings performance and 2026 guidance. Calix undervaluation article
• Neutral Sentiment: Business updates also remain constructive, with Calix announcing that Conexon Connect is using Calix Agent Workforce Cloud to expand its rural fiber broadband go-to-market strategy. Conexon Connect announcement
• Neutral Sentiment: Separately, Calix expanded rural AI broadband reach with three new provider deployments, which supports the growth narrative but is not a major near-term catalyst. Rural AI broadband expansion article
• Negative Sentiment: Several law firms issued urgent reminders about the securities class action against Calix and the July 27 lead plaintiff deadline, keeping fraud allegations and potential legal costs front and center for investors. Securities fraud lawsuit reminder
• Negative Sentiment: Additional coverage noted a pessimistic forecast from JPMorgan and a downgrade-related move to new 52-week lows, reinforcing concerns that analysts are becoming more cautious on the stock. JPMorgan pessimistic forecast

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.