Calix, Inc $CALX Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in shares of Calix, Inc (NYSE:CALX) by 21.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,878 shares of the communications equipment provider’s stock after selling 58,500 shares during the period. New York State Common Retirement Fund owned 0.33% of Calix worth $13,310,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. CWM LLC increased its position in Calix by 12.9% during the 3rd quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock valued at $92,000 after buying an additional 172 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Calix by 12.9% during the third quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock worth $102,000 after acquiring an additional 190 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Calix by 4.7% during the third quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock valued at $257,000 after acquiring an additional 190 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Calix by 1.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock valued at $822,000 after purchasing an additional 200 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Calix by 27.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Stock Up 5.8%

Shares of Calix stock opened at $47.28 on Tuesday. The firm has a market cap of $3.13 billion, a PE ratio of 189.13 and a beta of 1.55. Calix, Inc has a twelve month low of $28.60 and a twelve month high of $71.22. The business has a 50-day moving average price of $54.22 and a 200 day moving average price of $57.73.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $272.40 million during the quarter, compared to the consensus estimate of $267.36 million. Calix had a return on equity of 2.31% and a net margin of 1.79%.The business’s quarterly revenue was up 32.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, sell-side analysts expect that Calix, Inc will post -0.43 EPS for the current year.

Calix announced that its board has initiated a share buyback program on Wednesday, January 28th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CALX has been the topic of a number of recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Calix in a research note on Tuesday, January 27th. Roth Mkm set a $85.00 price target on Calix and gave the stock a “buy” rating in a research report on Thursday, October 30th. Zacks Research raised Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Craig Hallum set a $60.00 target price on Calix in a report on Friday. Finally, Needham & Company LLC dropped their target price on Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Insider Buying and Selling at Calix

In other news, CFO Cory Sindelar sold 50,000 shares of Calix 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 sale, the chief financial officer directly owned 76,555 shares of the company’s stock, valued at $4,999,041.50. The trade was a 39.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.90% of the stock is currently owned by company insiders.

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.