Charles Schwab Investment Management Inc. Purchases 30,123 Shares of Calix, Inc $CALX

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Calix, Inc. by 4.6% during Q1, owning approximately 1.05% of the company valued at $24.08 million.
• Recent analyst reports have generally been positive, with upgrades from multiple firms, raising the target price to between $65.00 and $70.00 and giving the stock a consensus rating of "Moderate Buy."
• Calix reported a substantial quarter with an EPS of $0.33, surpassing estimates, and a revenue increase of 22.1% year-over-year, indicating strong growth prospects.

Charles Schwab Investment Management Inc. boosted its stake in Calix, Inc (NYSE:CALX - Free Report) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 679,367 shares of the communications equipment provider's stock after purchasing an additional 30,123 shares during the period. Charles Schwab Investment Management Inc. owned about 1.05% of Calix worth $24,077,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CALX. Signaturefd LLC lifted its holdings in Calix by 91.1% in the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock worth $36,000 after buying an additional 480 shares during the period. Portside Wealth Group LLC raised its position in shares of Calix by 8.0% in the 1st quarter. Portside Wealth Group LLC now owns 8,414 shares of the communications equipment provider's stock worth $298,000 after acquiring an additional 621 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Calix in the 1st quarter worth approximately $28,000. Wellington Management Group LLP raised its position in shares of Calix by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 202,274 shares of the communications equipment provider's stock worth $7,053,000 after acquiring an additional 1,135 shares in the last quarter. Finally, Huntleigh Advisors Inc. raised its position in shares of Calix by 16.6% in the 1st quarter. Huntleigh Advisors Inc. now owns 9,822 shares of the communications equipment provider's stock worth $348,000 after acquiring an additional 1,397 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Price Performance

CALX stock traded up $1.4030 on Friday, reaching $58.5330. 464,435 shares of the company traded hands, compared to its average volume of 645,314. Calix, Inc has a one year low of $28.60 and a one year high of $59.30. The company has a market cap of $3.82 billion, a P/E ratio of -146.33 and a beta of 1.27. The firm has a fifty day simple moving average of $53.71 and a 200-day simple moving average of $44.35.

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

Insiders Place Their Bets

In related news, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.00, for a total value of $560,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 $117,126,015.20. The trade was a 1.17% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 45,000 shares of company stock valued at $2,465,000. Corporate insiders own 16.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CALX shares. JPMorgan Chase & Co. increased their target price 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 increased their target price on 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 Calix in a research report on Monday, July 7th. They issued a "peer perform" rating for the company. Rosenblatt Securities increased their target price on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen raised Calix from a "hold" rating to a "strong-buy" rating in a research report 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.25.

Calix Company 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.