Acadian Asset Management LLC Purchases 68,937 Shares of Calix, Inc $CALX

Key Points

• Acadian Asset Management LLC has increased its stake in Calix, Inc by 60.1%, owning a total of 183,627 shares valued at approximately $6.5 million.
• Calix reported a quarterly earnings per share (EPS) of $0.33, significantly exceeding analysts' expectations of a loss of ($0.08), with a revenue increase of 22.1% year-over-year.
• Research analysts have generally given Calix a "Moderate Buy" rating, with target price hikes from firms like JPMorgan and Needham, reflecting optimism in the company's growth trajectory.

Acadian Asset Management LLC increased its position in Calix, Inc (NYSE:CALX - Free Report) by 60.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,627 shares of the communications equipment provider's stock after purchasing an additional 68,937 shares during the quarter. Acadian Asset Management LLC owned approximately 0.28% of Calix worth $6,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Calix by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider's stock valued at $284,065,000 after acquiring an additional 37,601 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Calix by 12.1% during the first quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider's stock valued at $88,927,000 after acquiring an additional 270,397 shares during the period. Congress Asset Management Co. lifted its holdings in shares of Calix by 8.1% during the first quarter. Congress Asset Management Co. now owns 1,378,497 shares of the communications equipment provider's stock valued at $48,854,000 after acquiring an additional 103,175 shares during the period. Alyeska Investment Group L.P. lifted its holdings in shares of Calix by 26.3% during the first quarter. Alyeska Investment Group L.P. now owns 1,032,292 shares of the communications equipment provider's stock valued at $36,584,000 after acquiring an additional 215,028 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Calix by 36.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 751,936 shares of the communications equipment provider's stock valued at $26,648,000 after acquiring an additional 200,391 shares during the period. 98.14% of the stock is owned by institutional investors.

Calix Stock Performance

Shares of NYSE:CALX opened at $61.49 on Friday. Calix, Inc has a twelve month low of $28.60 and a twelve month high of $63.70. The firm has a market cap of $4.02 billion, a PE ratio of -153.72 and a beta of 1.35. The business has a fifty day moving average of $56.84 and a 200-day moving average of $46.49.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.41. The firm had revenue of $241.90 million during the quarter, compared to analyst estimates of $223.81 million. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.The company's revenue was up 22.1% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, analysts anticipate that Calix, Inc will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CALX shares. Wolfe Research started coverage on Calix in a report on Monday, July 7th. They set a "peer perform" rating for the company. JPMorgan Chase & Co. lifted their price objective on Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Needham & Company LLC raised their target price on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Rosenblatt Securities raised their target price on Calix from $56.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen upgraded Calix from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Calix has an average rating of "Moderate Buy" and a consensus price target of $59.25.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $55.40, for a total value of $1,385,000.00. Following the completion of the sale, the director directly owned 2,114,188 shares in the company, valued at $117,126,015.20. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer owned 76,555 shares of the company's stock, valued at approximately $4,593,300. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,000 shares of company stock valued at $3,065,000. Corporate insiders own 16.90% of the company's stock.

Calix Company 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.

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