Calix, Inc $CALX Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Calix, Inc (NYSE:CALX) by 119.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,472 shares of the communications equipment provider’s stock after purchasing an additional 802 shares during the quarter. GAMMA Investing LLC’s holdings in Calix were worth $78,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in Calix during the first quarter worth approximately $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 valued at $36,000 after purchasing an additional 480 shares during the period. Quarry LP raised its stake in Calix by 1,704.0% during the 1st quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock valued at $48,000 after acquiring an additional 1,278 shares during the last quarter. US Bancorp DE grew its stake in shares of Calix by 37.1% in the 1st quarter. US Bancorp DE now owns 7,372 shares of the communications equipment provider’s stock valued at $261,000 after purchasing an additional 1,996 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Calix during the 1st quarter worth $292,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Trading Down 0.7%

Shares of Calix stock opened at $60.97 on Friday. Calix, Inc has a 1-year low of $28.60 and a 1-year high of $64.30. The company has a market cap of $3.98 billion, a PE ratio of -152.42 and a beta of 1.32. The company has a 50 day moving average of $59.41 and a 200-day moving average of $49.14.

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

Insider Transactions at Calix

In other news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 2,114,188 shares in the company, valued at approximately $117,126,015.20. The trade was a 1.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Cory Sindelar sold 10,000 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer owned 76,555 shares in the company, valued at approximately $4,593,300. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock valued at $2,545,000 over the last 90 days. 16.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CALX shares. Zacks Research lowered Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Needham & Company LLC boosted their price target on shares of Calix from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Wolfe Research assumed coverage on shares of Calix in a research report on Monday, July 7th. They issued a “peer perform” rating on the stock. Rosenblatt Securities increased their price target on shares of Calix from $56.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Calix from $38.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

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.