Inspire Investing LLC Purchases 16,611 Shares of Calix, Inc $CALX

Key Points

• Inspire Investing LLC increased its holding in Calix, Inc by 143.0%, acquiring an additional 16,611 shares, bringing its total to 28,224 shares worth approximately $1,000,000.
• Several other institutional investors, including Millennium Management LLC and Nuveen LLC, have also significantly increased their stakes in Calix, indicating strong interest from large investors.
• Calix, Inc reported a 22.1% increase in revenue compared to the previous year, with earnings per share of $0.33, surpassing analyst expectations of a loss.

Inspire Investing LLC raised its holdings in shares of Calix, Inc (NYSE:CALX - Free Report) by 143.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,224 shares of the communications equipment provider's stock after buying an additional 16,611 shares during the period. Inspire Investing LLC's holdings in Calix were worth $1,000,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of 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 acquiring an additional 480 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in Calix by 8.0% in the first quarter. Portside Wealth Group LLC now owns 8,414 shares of the communications equipment provider's stock worth $298,000 after buying an additional 621 shares during the period. Meeder Asset Management Inc. bought a new stake in Calix during the 1st quarter valued at approximately $28,000. HighTower Advisors LLC grew its holdings in shares of Calix by 0.9% during the 1st quarter. HighTower Advisors LLC now owns 119,253 shares of the communications equipment provider's stock worth $4,226,000 after acquiring an additional 1,008 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Calix by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 202,274 shares of the communications equipment provider's stock worth $7,053,000 after acquiring an additional 1,135 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Needham & Company LLC lifted their price target on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Roth Capital boosted their price objective on shares of Calix from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Monday. JPMorgan Chase & Co. boosted their price target on Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Wall Street Zen raised Calix from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Finally, Rosenblatt Securities raised their price objective on shares of Calix from $56.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $64.00.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $55.40, for a total value of $1,385,000.00. Following the transaction, the director owned 2,114,188 shares of the company's stock, valued at approximately $117,126,015.20. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Cory Sindelar sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following 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 90 days, insiders have sold 55,000 shares of company stock valued at $3,065,000. Corporate insiders own 16.90% of the company's stock.

Calix Trading Up 3.8%

NYSE:CALX traded up $2.31 during trading hours on Thursday, reaching $63.64. The company had a trading volume of 116,879 shares, compared to its average volume of 731,854. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of -159.01 and a beta of 1.35. The firm's 50 day moving average price is $57.37 and its 200-day moving average price is $46.93. Calix, Inc has a 52 week low of $28.60 and a 52 week high of $63.70.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.41. The firm had revenue of $241.90 million for 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 for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, analysts forecast that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

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.