Formula Growth Ltd. Invests $4.29 Million in Calix, Inc $CALX

Formula Growth Ltd. purchased a new stake in shares of Calix, Inc (NYSE:CALX) during the second quarter, Holdings Channel reports. The fund purchased 115,000 shares of the communications equipment provider’s stock, valued at approximately $4,292,000. Calix accounts for approximately 1.5% of Formula Growth Ltd.’s investment portfolio, making the stock its 11th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in Calix by 63.0% in the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Raymond James Financial Inc. bought a new position in Calix during the second quarter valued at about $30,000. Caitong International Asset Management Co. Ltd raised its holdings in Calix by 24,733.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock valued at $39,000 after buying an additional 742 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of Calix in the fourth quarter worth about $40,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Calix in the second quarter worth about $31,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.20, for a total value of $2,715,000.00. Following the sale, the director owned 1,569,188 shares of the company’s stock, valued at $56,804,605.60. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CALX. Rosenblatt Securities lowered their price objective on Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Roth Capital restated a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. JPMorgan Chase & Co. decreased their target price on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.86.

Calix Price Performance

CALX stock opened at $37.63 on Friday. Calix, Inc has a 52-week low of $34.26 and a 52-week high of $71.22. The company has a 50-day moving average of $38.10 and a two-hundred day moving average of $43.50. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 50.85 and a beta of 1.24.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $293.33 million for the quarter, compared to the consensus estimate of $289.96 million. Calix had a return on equity of 6.17% and a net margin of 4.61%.The firm’s revenue was up 21.3% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Equities analysts expect that Calix, Inc will post 0.89 EPS 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.