28,945 Shares in Calix, Inc $CALX Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in shares of Calix, Inc (NYSE:CALX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,945 shares of the communications equipment provider's stock, valued at approximately $1,080,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Calix by 63.0% in the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider's stock valued at $29,000 after buying 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 $30,000. Caitong International Asset Management Co. Ltd grew its position in shares of 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 worth $39,000 after acquiring an additional 742 shares during the last quarter. Strive Financial Group LLC bought a new position in shares of Calix during the fourth quarter worth about $40,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Calix in the 2nd quarter worth about $31,000. 98.14% of the stock is currently owned by institutional investors.

Calix Stock Performance

Shares of CALX stock opened at $36.02 on Friday. The business's fifty day moving average is $38.20 and its 200-day moving average is $42.89. Calix, Inc has a 1 year low of $34.26 and a 1 year high of $71.22. The stock has a market cap of $2.27 billion, a PE ratio of 48.68 and a beta of 1.25.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Calix from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Northland Securities upgraded shares of Calix from a "market perform" rating to an "outperform" rating and set a $52.00 price target on the stock in a research note on Tuesday, July 21st. Roth Capital reaffirmed a "buy" rating on shares of Calix in a report on Tuesday, July 21st. Wall Street Zen downgraded Calix from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. Finally, Rosenblatt Securities decreased their price objective on Calix from $70.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.86.

Insider Buying and Selling

In related news, Director Carl Russo sold 75,000 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the completion of the sale, the director directly owned 1,569,188 shares of the company's stock, valued at $56,804,605.60. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by corporate 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.

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