Calix, Inc $CALX Shares Sold by State of Wyoming

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 lessened its position in Calix, Inc (NYSE:CALX - Free Report) by 61.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 SEC filing.

Other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of Calix in the first quarter valued at approximately $28,000. Signaturefd LLC increased its position in Calix by 91.1% during the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock worth $36,000 after purchasing an additional 480 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Calix during the fourth quarter worth approximately $208,000. LVW Advisors LLC acquired a new position in Calix during the first quarter worth approximately $226,000. Finally, Kera Capital Partners Inc. acquired a new position in Calix during the first quarter worth approximately $261,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Wall Street Analyst Weigh In

CALX has been the subject of several research analyst reports. 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. upped 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. Needham & Company LLC upped 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 upped 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. Finally, Wolfe Research initiated coverage on shares of Calix in a research report on Monday, July 7th. They set a "peer perform" rating for the company. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.25.

Calix Stock Down 0.7%

CALX opened at $60.62 on Monday. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $61.72. The company has a 50 day moving average of $55.95 and a two-hundred day moving average of $45.71. The company has a market cap of $3.96 billion, a P/E ratio of -151.54 and a beta of 1.35.

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, topping the consensus estimate 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 company had revenue of $241.90 million during the quarter, compared to the consensus estimate of $223.81 million. During the same period in the previous year, the firm earned $0.09 earnings per share. Calix'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. Research analysts anticipate that Calix, Inc will post -0.43 earnings per share for the current year.

Insider Buying and Selling at Calix

In other news, CFO Cory Sindelar sold 10,000 shares of the company's 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 transaction, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,593,300. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl Russo sold 25,000 shares of the company'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 completion of the transaction, the director owned 2,114,188 shares of the company's stock, valued at $117,126,015.20. This trade represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,000 shares of company stock valued at $3,065,000 over the last 90 days. Insiders own 16.90% of the company's stock.

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.

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