State of Wyoming Has $105,000 Stock Position in Calix, Inc $CALX

Key Points

• The State of Wyoming reduced its position in Calix, Inc by 61.4% in Q1, owning 2,958 shares worth approximately $105,000 after selling 4,699 shares.
• Calix's recent earnings report showed an EPS of $0.33, significantly exceeding the consensus estimate of -$0.08, with revenues up 22.1% year-over-year.
• Several analysts have upgraded their ratings for Calix, with a consensus price target now at $59.25, reflecting a positive outlook for the stock.

State of Wyoming decreased its stake in shares of Calix, Inc (NYSE:CALX - Free Report) by 61.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,958 shares of the communications equipment provider's stock after selling 4,699 shares during the period. State of Wyoming's holdings in Calix were worth $105,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CALX. Millennium Management LLC boosted its stake in Calix by 77.8% during the 4th quarter. Millennium Management LLC now owns 2,031,212 shares of the communications equipment provider's stock valued at $70,828,000 after purchasing an additional 889,102 shares during the period. Nuveen LLC bought a new stake in Calix during the 1st quarter valued at approximately $15,207,000. Jacobs Levy Equity Management Inc. boosted its stake in Calix by 105.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 708,723 shares of the communications equipment provider's stock valued at $24,713,000 after purchasing an additional 364,209 shares during the period. Penn Capital Management Company LLC bought a new stake in Calix during the 1st quarter valued at approximately $12,018,000. Finally, Neuberger Berman Group LLC bought a new stake in Calix during the 1st quarter valued at approximately $8,620,000. Institutional investors own 98.14% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Monday, July 28th. The stock was sold at an average price of $55.40, for a total value of $1,385,000.00. Following the completion of the sale, the director directly owned 2,114,188 shares of the company's stock, valued at approximately $117,126,015.20. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 76,555 shares of the company's stock, valued at $4,593,300. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,000 shares of company stock valued at $3,065,000 over the last ninety days. Insiders own 16.90% of the company's stock.

Calix Price Performance

Shares of Calix stock traded down $1.79 during midday trading on Friday, hitting $61.49. 521,124 shares of the company were exchanged, compared to its average volume of 507,493. The firm has a 50 day simple moving average of $56.84 and a 200-day simple moving average of $46.43. Calix, Inc has a 52 week low of $28.60 and a 52 week high of $63.70. The firm has a market cap of $4.02 billion, a P/E ratio of -153.72 and a beta of 1.35.

Calix (NYSE:CALX - Get Free Report) last released 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. 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 period last year, the firm posted $0.09 EPS. The business's revenue was up 22.1% on a year-over-year basis. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Equities research analysts expect 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.