Calix, Inc $CALX Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC cut its Calix position by 79.1% in the second quarter, selling 363,049 shares and retaining 95,753 shares valued at approximately $3.6 million.
• Calix reported quarterly EPS of $0.47, exceeding estimates by $0.07, 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 a consensus “Moderate Buy” rating and an average price target of $63.86, well above the stock’s recent $35.15 price.

Squarepoint Ops LLC reduced its position in shares of Calix, Inc (NYSE:CALX - Free Report) by 79.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,753 shares of the communications equipment provider's stock after selling 363,049 shares during the quarter. Squarepoint Ops LLC owned about 0.15% of Calix worth $3,574,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nykredit A S bought a new stake in shares of Calix in the 2nd quarter worth $105,000. HighTower Advisors LLC lifted its holdings in shares of Calix by 37.8% in the second quarter. HighTower Advisors LLC now owns 164,210 shares of the communications equipment provider's stock valued at $6,128,000 after buying an additional 45,081 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Calix during the second quarter valued at about $1,641,000. California State Teachers Retirement System boosted its stake in Calix by 3,531.9% during the second quarter. California State Teachers Retirement System now owns 2,772,764 shares of the communications equipment provider's stock valued at $103,480,000 after buying an additional 2,696,420 shares in the last quarter. Finally, AXQ Capital LP grew its holdings in Calix by 353.7% during the second quarter. AXQ Capital LP now owns 37,827 shares of the communications equipment provider's stock worth $1,412,000 after acquiring an additional 29,490 shares during the period. 98.14% of the stock is owned by institutional investors.

Calix Stock Up 0.6%

Shares of Calix stock opened at $35.15 on Friday. Calix, Inc has a 12-month low of $33.95 and a 12-month high of $71.22. The firm has a market capitalization of $2.21 billion, a PE ratio of 47.49 and a beta of 1.25. The stock's fifty day moving average is $37.97 and its 200-day moving average is $42.24.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.07. The business had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. Calix had a return on equity of 6.17% and a net margin of 4.61%.Calix's revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Analysts expect that Calix, Inc will post 0.89 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Northland Securities upgraded shares of Calix from a "market perform" rating to an "outperform" rating and set a $52.00 price target on the stock in a research report on Tuesday, July 21st. Roth Capital restated a "buy" rating on shares of Calix in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Calix from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 24th. Rosenblatt Securities dropped their target price on shares of Calix from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of Calix from $65.00 to $58.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Seven investment 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.86.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 75,000 shares of the company's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the completion of the sale, the director directly owned 1,569,188 shares of the company's stock, valued at approximately $56,804,605.60. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.

Calix Profile

Calix, Inc is a communications technology company that provides broadband access systems, cloud software and managed services to communications service providers. Its solutions are designed to help service providers deploy, manage and monetize broadband networks while delivering services to residential, business and community customers.

The company's portfolio includes the AXOS broadband platform, which supports fiber, fixed wireless and other access technologies, as well as Calix Cloud software for network management, analytics and operational insights.

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