Calix, Inc $CALX Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in shares of Calix, Inc (NYSE:CALX) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,302,450 shares of the communications equipment provider’s stock after selling 186,628 shares during the quarter. Vanguard Group Inc. owned 0.13% of Calix worth $439,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CALX. Clearstead Advisors LLC raised its stake in Calix by 139.3% in the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 255 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Calix by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Calix during the second quarter valued at about $30,000. Whittier Trust Co. increased its holdings in shares of Calix by 541.0% during the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after acquiring an additional 541 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Calix by 125.4% in the 3rd quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 365 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Calix

In related news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the sale, the director directly owned 1,644,188 shares of the company’s stock, valued at $71,127,572.88. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on CALX shares. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 target price on shares of Calix in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. decreased their price target on shares of Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Needham & Company LLC lowered their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Zacks Research downgraded Calix from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Finally, Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.00.

Calix Price Performance

Shares of Calix stock opened at $45.89 on Wednesday. The stock has a market cap of $2.93 billion, a PE ratio of 95.61 and a beta of 1.27. The firm has a fifty day moving average price of $49.32 and a 200 day moving average price of $53.69. Calix, Inc has a 1 year low of $40.75 and a 1 year high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The company had revenue of $279.98 million for the quarter, compared to analyst estimates of $277.50 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. The firm’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, equities analysts expect that Calix, Inc will post 0.85 EPS for the current year.

Calix declared that its board has initiated a stock repurchase plan on Wednesday, January 28th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the communications equipment provider to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Calix Company Profile

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.