Bank of New York Mellon Corp Buys Shares of 321,827 Calix, Inc $CALX

Key Points

• Bank of New York Mellon bought 321,827 Calix shares worth approximately $12.0 million, giving it a 0.51% stake; institutional investors collectively own 98.14% of the company.
• Calix reported quarterly EPS of $0.47, beating estimates of $0.40, while revenue rose 21.3% year over year to $293.33 million. The company provided third-quarter 2026 EPS guidance of $0.37–$0.45.
• Analysts maintain a generally positive outlook, with seven Buy ratings and two Holds and a consensus “Moderate Buy” rating; the average price target is $63.86 versus a recent share price of $37.77. Director Carl Russo separately sold 75,000 shares for $2.7 million under a Rule 10b5-1 plan.

Bank of New York Mellon Corp purchased a new position in Calix, Inc (NYSE:CALX - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 321,827 shares of the communications equipment provider's stock, valued at approximately $12,011,000. Bank of New York Mellon Corp owned 0.51% of Calix at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider's stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. Raymond James Financial Inc. bought a new position in Calix during the 2nd quarter valued at approximately $30,000. Harbor Investment Advisory LLC purchased a new stake in shares of Calix in the 2nd quarter worth about $31,000. Caitong International Asset Management Co. Ltd boosted 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 valued at $39,000 after purchasing an additional 742 shares in the last quarter. Finally, Strive Financial Group LLC purchased a new stake in Calix in the fourth quarter worth about $40,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Price Performance

Calix stock opened at $37.77 on Wednesday. The stock has a market capitalization of $2.38 billion, a PE ratio of 51.04 and a beta of 1.25. The business's fifty day moving average is $38.13 and its 200 day moving average is $43.16. Calix, Inc has a one year low of $34.26 and a one year high of $71.22.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $289.96 million. During the same quarter last year, the firm posted $0.33 EPS. The business's quarterly revenue was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, sell-side analysts expect that Calix, Inc will post 0.89 EPS for the current fiscal year.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 75,000 shares of Calix stock in a transaction that occurred 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 completion of the sale, the director owned 1,569,188 shares of the company's stock, valued at approximately $56,804,605.60. The trade was a 4.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company's stock.

Analyst Upgrades and Downgrades

CALX has been the subject of several analyst reports. Northland Securities upgraded 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. Weiss Ratings raised shares of Calix from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 24th. Rosenblatt Securities reduced their price objective on shares of Calix from $70.00 to $55.00 and set a "buy" rating for the company 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Calix from $65.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Calix presently has a consensus rating of "Moderate Buy" and an average price target of $63.86.

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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