Calix, Inc $CALX Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in Calix, Inc by 38.1%, owning 208,017 shares worth approximately $7.37 million at the end of the last quarter.
• Analysts have raised their price targets for Calix, with Needham & Company setting a new target of $70, while JPMorgan increased its target to $52.
• Calix reported earnings of $0.33 per share for the recent quarter, exceeding estimates, with a 22.1% year-over-year increase in revenue to $241.9 million.

CW Advisors LLC raised its stake in Calix, Inc (NYSE:CALX - Free Report) by 38.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,017 shares of the communications equipment provider's stock after buying an additional 57,400 shares during the quarter. CW Advisors LLC owned about 0.32% of Calix worth $7,372,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CALX. Millennium Management LLC lifted its position in Calix by 77.8% in the fourth quarter. Millennium Management LLC now owns 2,031,212 shares of the communications equipment provider's stock valued at $70,828,000 after buying an additional 889,102 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Calix during the first quarter worth about $15,207,000. Balyasny Asset Management L.P. lifted its position in shares of Calix by 711.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 436,036 shares of the communications equipment provider's stock worth $15,205,000 after purchasing an additional 382,301 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Calix by 105.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 708,723 shares of the communications equipment provider's stock worth $24,713,000 after purchasing an additional 364,209 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Calix during the first quarter worth about $8,620,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $56.00, for a total value of $560,000.00. Following the transaction, the chief financial officer directly owned 76,285 shares in the company, valued at $4,271,960. This represents a 11.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $55.40, for a total transaction of $1,385,000.00. Following the completion of the transaction, the director owned 2,114,188 shares in the company, valued at $117,126,015.20. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $2,465,000 over the last 90 days. Insiders own 16.90% of the company's stock.

Calix Stock Performance

CALX stock opened at $58.5330 on Friday. The company's 50 day moving average price is $53.71 and its 200 day moving average price is $44.33. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $59.30. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -146.33 and a beta of 1.27.

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

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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