Harbor Capital Advisors Inc. Has $992,000 Stake in Calix, Inc $CALX

Key Points

• Harbor Capital Advisors Inc. increased its stake in Calix, Inc by 36% during Q2, owning 18,656 shares valued at $992,000 by the end of the period.
• Wall Street analysts are optimistic about Calix, increasing target prices; JPMorgan boosted its target from $38 to $52, while Roth Capital raised it from $60 to $69.
• Calix reported better-than-expected earnings with an EPS of $0.33, surpassing estimates, and a revenue increase of 22.1% year-over-year.

Harbor Capital Advisors Inc. lifted its position in Calix, Inc (NYSE:CALX - Free Report) by 36.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,656 shares of the communications equipment provider's stock after acquiring an additional 4,935 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Calix were worth $992,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CALX. Vanguard Group Inc. boosted its holdings in shares of Calix by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider's stock valued at $284,065,000 after acquiring an additional 37,601 shares during the period. Alliancebernstein L.P. grew its stake in shares of Calix by 12.1% in the 1st quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider's stock worth $88,927,000 after purchasing an additional 270,397 shares during the last quarter. Congress Asset Management Co. increased its holdings in shares of Calix by 8.1% in the first quarter. Congress Asset Management Co. now owns 1,378,497 shares of the communications equipment provider's stock valued at $48,854,000 after buying an additional 103,175 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of Calix by 26.3% during the first quarter. Alyeska Investment Group L.P. now owns 1,032,292 shares of the communications equipment provider's stock worth $36,584,000 after purchasing an additional 215,028 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Calix by 36.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 751,936 shares of the communications equipment provider's stock valued at $26,648,000 after purchasing an additional 200,391 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Needham & Company LLC lifted their target price 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. Wolfe Research started coverage on shares of Calix in a report on Monday, July 7th. They set a "peer perform" rating on the stock. Rosenblatt Securities raised their price objective on shares of Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $64.00.

Insider Buying and Selling

In other news, CFO Cory Sindelar sold 10,000 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer owned 76,555 shares in the company, valued at $4,593,300. This represents a 11.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carl Russo sold 25,000 shares of the firm's stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders sold 55,000 shares of company stock worth $3,065,000 in the last 90 days. 16.90% of the stock is currently owned by corporate insiders.

Calix Trading Up 1.2%

CALX stock traded up $0.75 during midday trading on Monday, reaching $63.61. The company had a trading volume of 505,001 shares, compared to its average volume of 536,715. The company has a 50 day moving average of $58.15 and a two-hundred day moving average of $47.73. The company has a market capitalization of $4.15 billion, a P/E ratio of -159.02 and a beta of 1.35. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $64.30.

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

Calix 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.