Calix, Inc $CALX Shares Bought by Charles Schwab Investment Management Inc.

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 shares of Calix, Inc (NYSE:CALX - Free Report) by 4.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 679,367 shares of the communications equipment provider's stock after acquiring an additional 30,123 shares during the period. Charles Schwab Investment Management Inc. owned 1.05% of Calix worth $24,077,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Calix during the first quarter valued at $28,000. Signaturefd LLC lifted 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 valued at $36,000 after purchasing an additional 480 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Calix during the fourth quarter valued at $208,000. LVW Advisors LLC bought a new position in Calix during the first quarter valued at $226,000. Finally, Kera Capital Partners Inc. bought a new position in Calix during the first quarter valued at $261,000. Institutional investors own 98.14% of the company's stock.

Calix Price Performance

NYSE CALX traded up $0.68 during trading on Tuesday, reaching $59.49. 813,684 shares of the company's stock traded hands, compared to its average volume of 618,875. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of -148.72 and a beta of 1.27. The company's 50 day simple moving average is $54.18 and its two-hundred day simple moving average is $44.59. Calix, Inc has a 12-month low of $28.60 and a 12-month high of $59.63.

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, beating analysts' consensus estimates of ($0.08) by $0.41. The business had revenue of $241.90 million for the quarter, compared to the consensus estimate of $223.81 million. Calix had a negative net margin of 3.09% and a negative return on equity of 3.21%. The company's revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Research analysts expect that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Calix

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the transaction, the chief financial officer owned 76,285 shares of the company's stock, valued at approximately $4,271,960. This trade represents a 11.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carl Russo sold 25,000 shares of the firm's stock in a transaction dated 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 directly owned 2,114,188 shares in the company, valued at $117,126,015.20. This trade represents a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock worth $2,465,000 in the last three months. Insiders own 16.90% of the company's stock.

Analyst Ratings Changes

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

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.