60,350 Shares in Calix, Inc $CALX Acquired by Algert Global LLC

Key Points

• Algert Global acquired 60,350 Calix shares worth approximately $2.25 million, giving it a 0.10% stake. Institutional investors collectively own 98.14% of the company.
• Calix exceeded quarterly expectations, reporting $0.47 in earnings per share versus the $0.40 consensus and revenue of $293.33 million, up 21.3% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and average price target of $63.86, although several firms recently lowered their targets. Shares opened at $37.60, well below the 12-month high of $71.22.

Algert Global LLC bought a new position in shares of Calix, Inc (NYSE:CALX - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 60,350 shares of the communications equipment provider's stock, valued at approximately $2,252,000. Algert Global LLC owned approximately 0.10% of Calix as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CALX. Royal Bank of Canada increased its holdings in Calix by 11.0% during the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider's stock worth $993,000 after purchasing an additional 2,773 shares during the period. AQR Capital Management LLC grew its holdings in Calix by 304.1% during the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider's stock worth $1,538,000 after acquiring an additional 33,769 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Calix by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider's stock valued at $6,249,000 after purchasing an additional 16,905 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Calix by 26.8% in the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider's stock valued at $1,167,000 after purchasing an additional 6,962 shares during the last quarter. Finally, Amundi raised its holdings in shares of Calix by 16,478.0% in the 2nd quarter. Amundi now owns 9,781 shares of the communications equipment provider's stock valued at $518,000 after purchasing an additional 9,722 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Price Performance

NYSE CALX opened at $37.60 on Friday. The firm's fifty day moving average price is $38.09 and its 200 day moving average price is $43.46. Calix, Inc has a 12 month low of $34.26 and a 12 month high of $71.22. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 50.81 and a beta of 1.24.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CALX shares. Rosenblatt Securities decreased their price objective on shares of Calix from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their target price on Calix from $65.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings upgraded Calix from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 24th. Northland Securities raised Calix from a "market perform" rating to an "outperform" rating and set a $52.00 price target for the company in a report on Tuesday, July 21st. Finally, Zacks Research raised Calix from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $63.86.

Insider Buying and Selling at Calix

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

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.

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