BlackRock Inc. Makes New $439.46 Million Investment in Calix, Inc $CALX

Key Points

• BlackRock acquired an 18.70% stake in Calix, purchasing 11.78 million shares valued at approximately $439.5 million. Institutional investors collectively own 98.14% of the company.
• Calix reported quarterly EPS of $0.47, exceeding estimates of $0.40, while revenue rose 21.3% year over year to $293.33 million. The company issued third-quarter 2026 EPS guidance of $0.37 to $0.45.
• Analysts maintain a generally positive view, with seven Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $63.86 versus the stock’s recent price near $39.88.

BlackRock Inc. bought a new stake in Calix, Inc (NYSE:CALX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,775,490 shares of the communications equipment provider's stock, valued at approximately $439,461,000. BlackRock Inc. owned 18.70% of Calix at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CALX. Farther Finance Advisors LLC raised its stake in Calix by 63.0% in the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider's stock valued at $29,000 after acquiring an additional 213 shares during the period. Raymond James Financial Inc. bought a new position in Calix during the second quarter worth about $30,000. Harbor Investment Advisory LLC bought a new position in Calix during the second quarter worth about $31,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Calix by 24,733.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider's stock worth $39,000 after purchasing an additional 742 shares in the last quarter. Finally, Strive Financial Group LLC purchased a new position in shares of Calix in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Insider Activity

In related news, Director Carl Russo sold 75,000 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.20, for a total value of $2,715,000.00. Following the sale, the director owned 1,569,188 shares in the company, valued at approximately $56,804,605.60. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company's stock.

Analysts Set New Price Targets

CALX has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target 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. 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. Northland Securities raised shares of Calix from a "market perform" rating to an "outperform" rating and set a $52.00 target price on the stock in a report on Tuesday, July 21st. Weiss Ratings upgraded Calix from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday. Finally, Roth Capital reaffirmed a "buy" rating on shares of Calix in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.86.

Calix Trading Up 0.2%

Shares of NYSE:CALX opened at $39.88 on Wednesday. The company has a 50 day moving average of $38.09 and a 200 day moving average of $43.70. The stock has a market cap of $2.51 billion, a P/E ratio of 53.89 and a beta of 1.24. Calix, Inc has a 12 month low of $34.26 and a 12 month high of $71.22.

Calix (NYSE:CALX - Get Free Report) last posted its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (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 business had revenue of $293.33 million for the quarter, compared to analysts' expectations of $289.96 million. During the same period in the prior year, the company posted $0.33 EPS. The business'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 forecast that Calix, Inc will post 0.89 earnings per share for the current fiscal year.

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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