AXQ Capital LP Buys 29,490 Shares of Calix, Inc $CALX

Key Points

• AXQ Capital significantly increased its Calix position by purchasing 29,490 additional shares in the second quarter, bringing its total holdings to 37,827 shares valued at approximately $1.4 million.
• Calix has strong institutional backing, with institutional investors owning 98.14% of outstanding shares. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $63.86.
• Calix reported better-than-expected quarterly results, with earnings of $0.47 per share and revenue of $293.33 million, up 21.3% year over year. The stock recently traded near $36, well below its 52-week high of $71.22.

AXQ Capital LP boosted its position in Calix, Inc (NYSE:CALX - Free Report) by 353.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,827 shares of the communications equipment provider's stock after purchasing an additional 29,490 shares during the period. AXQ Capital LP owned approximately 0.06% of Calix worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Calix in the second quarter worth $439,461,000. State Street Corp increased its holdings in shares of Calix by 1.0% in the fourth quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider's stock valued at $125,072,000 after purchasing an additional 23,022 shares during the last quarter. Geode Capital Management LLC lifted its position in Calix by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider's stock worth $76,513,000 after buying an additional 74,235 shares in the last quarter. Alliancebernstein L.P. lifted its position in Calix by 4.5% during the third quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider's stock worth $86,515,000 after buying an additional 61,247 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Calix by 214.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider's stock valued at $78,212,000 after purchasing an additional 868,987 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CALX. Weiss Ratings upgraded shares of Calix from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 24th. Wall Street Zen cut Calix from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. Roth Capital reissued a "buy" rating on shares of Calix in a research report on Tuesday, July 21st. Zacks Research upgraded shares of Calix from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. Finally, Northland Securities raised shares of Calix from a "market perform" rating to an "outperform" rating and set a $52.00 price target for the company in a research report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.86.

Calix Trading Down 2.8%

Shares of Calix stock opened at $36.02 on Friday. Calix, Inc has a 52 week low of $34.26 and a 52 week 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. The company's 50-day moving average price is $38.20 and its two-hundred day moving average price is $42.89.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating 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 analyst estimates of $289.96 million. During the same quarter in the prior year, the business earned $0.33 EPS. The company'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. On average, equities analysts predict that Calix, Inc will post 0.89 EPS for the current fiscal year.

Insider Transactions at Calix

In other news, Director Carl Russo sold 75,000 shares of the company's 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 transaction, the director directly owned 1,569,188 shares in the company, valued at approximately $56,804,605.60. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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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