Marathon Capital Management Has $5.14 Million Stock Position in Calix, Inc $CALX

Marathon Capital Management cut its stake in shares of Calix, Inc (NYSE:CALX) by 15.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,635 shares of the communications equipment provider’s stock after selling 17,755 shares during the period. Calix accounts for 1.3% of Marathon Capital Management’s holdings, making the stock its 23rd largest position. Marathon Capital Management’s holdings in Calix were worth $5,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CALX. US Bancorp DE lifted its holdings in Calix by 37.1% during the 1st quarter. US Bancorp DE now owns 7,372 shares of the communications equipment provider’s stock worth $261,000 after purchasing an additional 1,996 shares during the last quarter. Vanguard Group Inc. increased its position in Calix by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider’s stock worth $284,065,000 after buying an additional 37,601 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Calix by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 679,367 shares of the communications equipment provider’s stock worth $24,077,000 after buying an additional 30,123 shares in the last quarter. Nuveen LLC bought a new stake in shares of Calix in the first quarter valued at about $15,207,000. Finally, Public Sector Pension Investment Board boosted its position in shares of Calix by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 187,189 shares of the communications equipment provider’s stock valued at $6,634,000 after acquiring an additional 40,175 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Activity at Calix

In related news, Director Carl Russo sold 420,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the sale, the director owned 1,694,188 shares in the company, valued at $108,580,508.92. The trade was a 19.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Cory Sindelar sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $65.30, for a total value of $3,265,000.00. Following the completion of the transaction, the chief financial officer directly owned 76,555 shares of the company’s stock, valued at $4,999,041.50. This represents a 39.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 530,000 shares of company stock valued at $34,099,800 in the last 90 days. 16.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CALX has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Calix from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price target on shares of Calix in a research report on Monday, November 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Calix in a research note on Monday. UBS Group reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Calix in a report on Friday, October 31st. Finally, Craig Hallum reissued a “buy” rating and set a $75.00 target price on shares of Calix in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

Calix Trading Up 0.8%

CALX stock opened at $56.10 on Thursday. The firm has a 50-day moving average price of $59.26 and a 200-day moving average price of $56.45. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $71.22. The stock has a market capitalization of $3.72 billion, a P/E ratio of -467.49 and a beta of 1.59.

Calix (NYSE:CALX) last released 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. Calix had a negative net margin of 0.78% and a negative return on equity of 0.69%. The business had revenue of $265.44 million during the quarter, compared to analysts’ expectations of $246.21 million. During the same period in the prior year, the company earned $0.13 EPS. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. As a group, equities analysts predict that Calix, Inc will post -0.43 EPS for the current fiscal year.

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.