Cooper Financial Group Makes New $238,000 Investment in Calix, Inc $CALX

Key Points

• Cooper Financial Group has made a significant $238,000 investment in Calix, Inc., acquiring 4,480 shares during the second quarter.
• Calix, Inc. reported $0.33 earnings per share in its latest quarterly earnings, surpassing analysts' expectations by $0.41, alongside a 22.1% revenue increase year-over-year.
• Research analysts have recently upgraded Calix's stock rating, with Wall Street Zen moving it from "hold" to "strong-buy." Multiple analysts have also raised their target prices, indicating strong market confidence.

Cooper Financial Group purchased a new position in shares of Calix, Inc (NYSE:CALX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,480 shares of the communications equipment provider's stock, valued at approximately $238,000.

Several other institutional investors have also recently made changes to their positions in CALX. Two Sigma Investments LP increased its position in shares of Calix by 31.0% during the 4th quarter. Two Sigma Investments LP now owns 29,994 shares of the communications equipment provider's stock worth $1,046,000 after purchasing an additional 7,100 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Calix by 4,397.2% during the 1st quarter. GAMMA Investing LLC now owns 23,745 shares of the communications equipment provider's stock worth $842,000 after purchasing an additional 23,217 shares during the last quarter. Congress Asset Management Co. increased its position in shares of Calix by 8.1% during the 1st quarter. Congress Asset Management Co. now owns 1,378,497 shares of the communications equipment provider's stock worth $48,854,000 after purchasing an additional 103,175 shares during the last quarter. Portside Wealth Group LLC increased its position in shares of Calix by 8.0% during the 1st quarter. Portside Wealth Group LLC now owns 8,414 shares of the communications equipment provider's stock worth $298,000 after purchasing an additional 621 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Calix by 159.6% during the 1st quarter. SG Americas Securities LLC now owns 29,128 shares of the communications equipment provider's stock worth $1,032,000 after purchasing an additional 17,907 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Calix Stock Performance

NYSE:CALX opened at $60.97 on Friday. The stock has a fifty day moving average price of $59.41 and a 200-day moving average price of $49.14. The company has a market cap of $3.98 billion, a price-to-earnings ratio of -152.42 and a beta of 1.32. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $64.30.

Calix (NYSE:CALX - Get Free Report) last released its 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. The firm had revenue of $241.90 million during the quarter, compared to the consensus estimate 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 revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Research analysts predict that Calix, Inc will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CALX shares. Wall Street Zen raised Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Rosenblatt Securities boosted their target price on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Needham & Company LLC boosted their target price on Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Wolfe Research started coverage on Calix in a report on Monday, July 7th. They set a "peer perform" rating on the stock. Finally, Zacks Research lowered Calix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $64.00.

Insiders Place Their Bets

In related news, CFO Cory Sindelar sold 10,000 shares of the company's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 76,555 shares in the company, valued at $4,593,300. This represents a 11.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carl Russo sold 25,000 shares of the company's 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 sale, the director owned 2,114,188 shares of the company's stock, valued at approximately $117,126,015.20. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,000 shares of company stock valued at $2,545,000. Corporate insiders own 16.90% of the company's stock.

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.

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