Cubist Systematic Strategies LLC Invests $812,000 in Calix, Inc $CALX

Cubist Systematic Strategies LLC acquired a new position in Calix, Inc (NYSE:CALX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,908 shares of the communications equipment provider’s stock, valued at approximately $812,000.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Calix in the 1st quarter worth $28,000. Signaturefd LLC boosted its position in shares of Calix by 91.1% in the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider’s stock worth $36,000 after purchasing an additional 480 shares in the last quarter. Quarry LP boosted its position in shares of Calix by 1,704.0% in the 1st quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock worth $48,000 after purchasing an additional 1,278 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Calix in the 4th quarter worth $208,000. Finally, LVW Advisors LLC purchased a new position in Calix in the 1st quarter worth $226,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Transactions at Calix

In other news, CFO Cory Sindelar sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer directly owned 76,555 shares in the company, valued at $4,593,300. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $55.40, for a total value of $1,385,000.00. Following the sale, the director owned 2,114,188 shares in the company, valued at $117,126,015.20. This trade represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,000 shares of company stock worth $3,065,000 over the last 90 days. Insiders own 16.90% of the company’s stock.

Calix Stock Performance

NYSE CALX opened at $61.58 on Wednesday. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $61.74. The firm has a market capitalization of $4.02 billion, a P/E ratio of -153.95 and a beta of 1.35. The stock has a 50-day simple moving average of $56.30 and a two-hundred day simple moving average of $45.98.

Calix (NYSE:CALX) last posted its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.41. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.The firm had revenue of $241.90 million for the quarter, compared to analysts’ expectations of $223.81 million. During the same period last year, the firm earned $0.09 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. As a group, analysts forecast that Calix, Inc will post -0.43 earnings per share for the current year.

Analysts Set New Price Targets

CALX has been the subject of a number of research analyst reports. Needham & Company LLC raised their target price on Calix from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised their target price on Calix from $38.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Wolfe Research initiated coverage on Calix in a research note on Monday, July 7th. They issued a “peer perform” rating for the company. Rosenblatt Securities raised their target price on Calix from $56.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen upgraded Calix from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.25.

Calix Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.