Calix, Inc $CALX Position Decreased by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its holdings in Calix, Inc (NYSE:CALX) by 42.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,243 shares of the communications equipment provider’s stock after selling 16,176 shares during the quarter. Squarepoint Ops LLC’s holdings in Calix were worth $1,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. boosted its holdings in shares of Calix by 22.8% in the first quarter. American Century Companies Inc. now owns 144,323 shares of the communications equipment provider’s stock worth $5,115,000 after buying an additional 26,778 shares during the period. Russell Investments Group Ltd. boosted its stake in Calix by 50.4% in the 1st quarter. Russell Investments Group Ltd. now owns 107,313 shares of the communications equipment provider’s stock worth $3,803,000 after purchasing an additional 35,976 shares during the period. CW Advisors LLC grew its position in Calix by 38.1% during the 1st quarter. CW Advisors LLC now owns 208,017 shares of the communications equipment provider’s stock worth $7,372,000 after purchasing an additional 57,400 shares in the last quarter. Prudential Financial Inc. grew its position in Calix by 211.3% during the 2nd quarter. Prudential Financial Inc. now owns 180,693 shares of the communications equipment provider’s stock worth $9,611,000 after purchasing an additional 122,649 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in Calix by 14.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock valued at $64,077,000 after purchasing an additional 152,469 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on CALX shares. JPMorgan Chase & Co. raised their target price on Calix from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Craig Hallum restated a “buy” rating and set a $75.00 price objective on shares of Calix in a research report on Friday, October 31st. Roth Capital set a $85.00 target price on Calix and gave the company a “buy” rating in a report on Thursday, October 30th. Rosenblatt Securities increased their price target on shares of Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, UBS Group reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Calix in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Insider Activity

In related news, CFO Cory Sindelar sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $65.30, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the business’s stock in a transaction that occurred 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. In the last quarter, insiders have sold 530,000 shares of company stock valued at $34,099,800. Insiders own 16.90% of the company’s stock.

Calix Stock Up 1.8%

Shares of CALX opened at $54.72 on Friday. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of -455.95 and a beta of 1.59. The company’s fifty day moving average is $58.52 and its 200-day moving average is $56.81. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $71.22.

Calix (NYSE:CALX) last issued its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. The firm had revenue of $265.44 million during the quarter, compared to analysts’ expectations of $246.21 million. Calix had a negative net margin of 0.78% and a negative return on equity of 0.69%. Calix’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. As a group, research analysts predict that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

About Calix

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.