CW Advisors LLC Buys 57,400 Shares of Calix, Inc $CALX

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 holdings in shares of Calix, Inc (NYSE:CALX - Free Report) by 38.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CALX. Signaturefd LLC boosted its holdings in Calix by 91.1% in the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock valued at $36,000 after purchasing an additional 480 shares during the period. Portside Wealth Group LLC grew its holdings in shares of Calix by 8.0% during the 1st quarter. Portside Wealth Group LLC now owns 8,414 shares of the communications equipment provider's stock worth $298,000 after purchasing an additional 621 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Calix during the first quarter valued at approximately $28,000. HighTower Advisors LLC increased its position in shares of Calix by 0.9% during the first quarter. HighTower Advisors LLC now owns 119,253 shares of the communications equipment provider's stock valued at $4,226,000 after purchasing an additional 1,008 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Calix by 0.6% in the fourth quarter. Wellington Management Group LLP now owns 202,274 shares of the communications equipment provider's stock valued at $7,053,000 after purchasing an additional 1,135 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Calix Trading Up 2.6%

Shares of Calix stock traded up $1.53 during trading hours on Thursday, reaching $60.93. 337,391 shares of the company's stock were exchanged, compared to its average volume of 752,213. The company has a 50 day moving average of $54.43 and a two-hundred day moving average of $44.70. The stock has a market cap of $3.98 billion, a P/E ratio of -152.28 and a beta of 1.27. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $60.97.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.41. The firm had revenue of $241.90 million during the quarter, compared to the consensus estimate of $223.81 million. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.The business's revenue was up 22.1% compared to the same quarter last year. 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. As a group, analysts expect that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $55.40, for a total value of $1,385,000.00. Following the sale, the director directly owned 2,114,188 shares of the company's stock, valued at approximately $117,126,015.20. This represents a 1.17% decrease in their position. 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 Wednesday, July 23rd. The stock was sold at an average price of $56.00, for a total value of $560,000.00. Following the transaction, the chief financial officer owned 76,285 shares of the company's stock, valued at $4,271,960. The trade was a 11.59% decrease in their position. 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 ninety days. Insiders own 16.90% of the company's stock.

Analyst Upgrades and Downgrades

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

About Calix

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.