Harbor Capital Advisors Inc. Has $1.75 Million Holdings in Calix, Inc $CALX

Harbor Capital Advisors Inc. raised its holdings in Calix, Inc (NYSE:CALX) by 52.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,534 shares of the communications equipment provider’s stock after buying an additional 9,878 shares during the period. Harbor Capital Advisors Inc.’s holdings in Calix were worth $1,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. SouthState Corp raised its stake in Calix by 10,000.0% in the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 500 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Calix in the second quarter valued at $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Calix in the second quarter valued at about $36,000. Quarry LP lifted its stake in shares of Calix by 1,704.0% during the 1st quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock worth $48,000 after buying an additional 1,278 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Calix by 27.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after buying an additional 265 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Insider Transactions at Calix

In related news, insider Shane Todd Marshall Eleniak sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total transaction of $3,267,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Cory Sindelar sold 50,000 shares of Calix stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $65.30, for a total transaction of $3,265,000.00. Following the completion of the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at $4,999,041.50. This trade represents a 39.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 530,000 shares of company stock valued at $34,099,800. Company insiders own 16.90% of the company’s stock.

Calix Stock Performance

CALX opened at $54.62 on Friday. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $71.22. The firm has a market cap of $3.62 billion, a P/E ratio of -455.13 and a beta of 1.59. The business’s fifty day moving average is $58.17 and its 200-day moving average is $56.96.

Calix (NYSE:CALX) last posted its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.10. The business 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 was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. On average, research analysts predict that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Roth Capital set a $85.00 price target on shares of Calix and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Calix in a report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $82.00 target price on shares of Calix in a research note on Monday, November 24th. Craig Hallum reissued a “buy” rating and set a $75.00 price target on shares of Calix in a report on Friday, October 31st. Finally, Zacks Research raised Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

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.