Deutsche Bank AG Purchases New Shares in Calix, Inc $CALX

Key Points

• Deutsche Bank acquired 266,222 Calix shares worth approximately $9.9 million during the second quarter, representing about 0.42% of the company. Institutional investors collectively own 98.14% of Calix.
• Calix exceeded quarterly expectations, reporting $0.47 EPS versus the $0.40 consensus estimate and $293.3 million in revenue, up 21.3% year over year. The company guided for third-quarter EPS of $0.37–$0.45.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $63.86, despite several recent target reductions. Director Carl Russo separately sold 75,000 shares under a pre-arranged trading plan.

Deutsche Bank AG purchased a new stake in shares of Calix, Inc (NYSE:CALX - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 266,222 shares of the communications equipment provider's stock, valued at approximately $9,935,000. Deutsche Bank AG owned about 0.42% of Calix at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CALX. Farther Finance Advisors LLC increased its position in shares of Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider's stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Calix in the 2nd quarter worth about $30,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Calix by 24,733.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider's stock worth $39,000 after buying an additional 742 shares during the last quarter. Strive Financial Group LLC bought a new position in Calix during the fourth quarter valued at about $40,000. Finally, Harbor Investment Advisory LLC bought a new position in Calix during the second quarter valued at about $31,000. 98.14% of the stock is currently owned by institutional investors.

Calix Trading Up 0.0%

CALX opened at $40.13 on Monday. The stock has a market capitalization of $2.53 billion, a P/E ratio of 54.23 and a beta of 1.24. The stock has a 50-day moving average price of $38.03 and a 200-day moving average price of $43.83. Calix, Inc has a 12-month low of $34.26 and a 12-month high of $71.22.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The business had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. During the same period last year, the company earned $0.33 EPS. Calix's revenue for the quarter was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, equities research analysts predict that Calix, Inc will post 0.89 EPS for the current year.

Analysts Set New Price Targets

CALX has been the subject of a number of research analyst reports. Rosenblatt Securities decreased their price objective on shares of Calix from $70.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Northland Securities upgraded shares of Calix from a "market perform" rating to an "outperform" rating and set a $52.00 target price on the stock in a research note on Tuesday, July 21st. Roth Capital reissued a "buy" rating on shares of Calix in a research report on Tuesday, July 21st. Wall Street Zen lowered shares of Calix from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Calix from $65.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.86.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 75,000 shares of the business's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $36.20, for a total value of $2,715,000.00. Following the transaction, the director owned 1,569,188 shares in the company, valued at approximately $56,804,605.60. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by company insiders.

Calix Company Profile

Calix, Inc is a provider of cloud and software platforms, systems, and services that enable broadband service providers to transform their networks and subscriber experiences. The company's flagship Calix Cloud platform delivers real-time analytics, automation and intelligence designed to simplify network operations, improve service agility and drive revenue growth. Calix also offers a comprehensive suite of premises and access systems, including broadband access nodes, fiber-to-the-home optics and residential gateways under the GigaSpire brand.

Through its software-defined network architecture, Calix helps service providers virtualize key network functions and introduce new services with minimal capital expenditure.

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