Hsbc Holdings PLC Buys Shares of 38,295 Calix, Inc $CALX

Key Points

• HSBC Holdings PLC initiated a stake in Calix, purchasing 38,295 shares worth approximately $1.41 million, representing about 0.06% of the company. Institutional investors collectively own 98.14% of Calix.
• Analysts maintain a generally positive outlook, with seven Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $63.86, despite recent target-price reductions.
• Calix reported quarterly EPS of $0.47 versus the $0.40 consensus estimate, while revenue rose 21.3% year over year to $293.33 million. Shares opened at $38.11, near their 52-week low of $34.26 and well below the 52-week high of $71.22.

Hsbc Holdings PLC purchased a new stake in Calix, Inc (NYSE:CALX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 38,295 shares of the communications equipment provider's stock, valued at approximately $1,412,000. Hsbc Holdings PLC owned approximately 0.06% of Calix as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. 4D Advisors LLC purchased a new stake in Calix during the fourth quarter worth $6,087,000. GSA Capital Partners LLP raised its position in shares of Calix by 167.0% in the 4th quarter. GSA Capital Partners LLP now owns 53,867 shares of the communications equipment provider's stock worth $2,851,000 after acquiring an additional 33,691 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Calix by 32.6% in the 1st quarter. California State Teachers Retirement System now owns 76,344 shares of the communications equipment provider's stock worth $3,740,000 after acquiring an additional 18,755 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Calix by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider's stock worth $76,513,000 after purchasing an additional 74,235 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Calix by 63.3% during the first quarter. Bank of America Corp DE now owns 750,117 shares of the communications equipment provider's stock valued at $36,748,000 after purchasing an additional 290,661 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CALX shares. JPMorgan Chase & Co. cut their target price on Calix from $65.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Rosenblatt Securities lowered their price target on shares of Calix from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, July 21st. Roth Capital restated a "buy" rating on shares of Calix in a report on Tuesday, July 21st. Weiss Ratings raised shares of Calix from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 24th. Finally, Zacks Research upgraded shares of Calix from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Calix has a consensus rating of "Moderate Buy" and an average target price of $63.86.

Calix Price Performance

Shares of CALX stock opened at $38.11 on Tuesday. The stock's fifty day moving average price is $38.10 and its 200 day moving average price is $43.26. Calix, Inc has a 1-year low of $34.26 and a 1-year high of $71.22. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 51.50 and a beta of 1.24.

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

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 75,000 shares of the company's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the transaction, the director owned 1,569,188 shares in the company, valued at $56,804,605.60. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company's stock.

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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