Cubist Systematic Strategies LLC Invests $812,000 in Calix, Inc $CALX

Key Points

• Cubist Systematic Strategies LLC invested approximately $812,000 in Calix, Inc, acquiring 22,908 shares, according to their recent Form 13F filing with the SEC.
• Calix's stock saw a significant spike in interest, with institutional investors now owning 98.14% of the company's shares, reflecting strong investor confidence.
• Calix reported a 22.1% year-over-year revenue increase, achieving $241.90 million in revenue for the last quarter, alongside an earnings per share that surpassed analysts' expectations.

Cubist Systematic Strategies LLC purchased a new position in Calix, Inc (NYSE:CALX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,908 shares of the communications equipment provider's stock, valued at approximately $812,000.

Several other institutional investors and hedge funds also recently modified their holdings of CALX. Meeder Asset Management Inc. bought a new position in shares of Calix in the first quarter worth $28,000. Signaturefd LLC grew its stake in shares of 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 purchasing an additional 480 shares in the last quarter. Quarry LP grew its stake in shares of Calix by 1,704.0% in the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider's stock worth $48,000 after purchasing an additional 1,278 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Calix in the fourth quarter worth $208,000. Finally, LVW Advisors LLC bought a new position in shares of Calix in the first quarter worth $226,000. Institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

CALX has been the subject of several recent analyst reports. Roth Capital increased their price target on Calix from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Monday. Rosenblatt Securities raised their target price on Calix from $56.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Wolfe Research started coverage on Calix in a research note on Monday, July 7th. They set a "peer perform" rating for the company. JPMorgan Chase & Co. raised their target price on Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Needham & Company LLC raised their target price on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Calix has an average rating of "Moderate Buy" and a consensus price target of $64.00.

Calix Stock Up 0.3%

Shares of NYSE CALX traded up $0.22 during mid-day trading on Monday, hitting $61.69. 439,981 shares of the company traded hands, compared to its average volume of 505,480. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $63.70. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of -154.21 and a beta of 1.35. The business has a 50 day moving average of $57.01 and a two-hundred day moving average of $46.73.

Calix (NYSE:CALX - Get Free Report) last announced its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, beating the consensus estimate 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 business had revenue of $241.90 million during the quarter, compared to the consensus estimate of $223.81 million. During the same period in the prior year, the business posted $0.09 earnings per share. Calix's revenue was up 22.1% compared to the same quarter last year. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. As a group, research analysts anticipate that Calix, Inc will post -0.43 EPS for the current year.

Insider Activity

In related news, Director Carl Russo sold 25,000 shares of the stock in a transaction dated 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 represents a 1.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of the stock in a transaction dated Thursday, August 28th. The stock was 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 approximately $4,593,300. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,000 shares of company stock valued at $3,065,000. Company 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.