Inspire Investing LLC Acquires 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 lifted its stake in Calix, Inc (NYSE:CALX - Free Report) by 143.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,224 shares of the communications equipment provider's stock after purchasing 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 quarter.

Other institutional investors have also made changes to their positions in the company. Millennium Management LLC increased its holdings in Calix by 77.8% in the fourth quarter. Millennium Management LLC now owns 2,031,212 shares of the communications equipment provider's stock valued at $70,828,000 after purchasing an additional 889,102 shares during the last quarter. Nuveen LLC acquired a new position in shares of Calix during the 1st quarter worth about $15,207,000. Penn Capital Management Company LLC acquired a new position in shares of Calix during the 1st quarter worth about $12,018,000. Alliancebernstein L.P. grew its position in shares of Calix by 12.1% during the 1st quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider's stock worth $88,927,000 after buying an additional 270,397 shares during the period. Finally, Neuberger Berman Group LLC acquired a new position in shares of Calix during the 1st quarter worth about $8,620,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Calix

In related news, CFO Cory Sindelar sold 10,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,593,300. The trade was a 11.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carl Russo sold 25,000 shares of the company's stock in a transaction that occurred 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 transaction, the director directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock valued at $3,065,000 over the last quarter. 16.90% of the stock is owned by insiders.

Calix Stock Performance

Shares of CALX opened at $61.49 on Friday. The stock has a 50 day simple moving average of $56.84 and a 200 day simple moving average of $46.43. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $63.70. The firm has a market capitalization of $4.02 billion, a PE ratio of -153.72 and a beta of 1.35.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share (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 analyst estimates of $223.81 million. During the same period in the previous year, the firm earned $0.09 EPS. Calix's quarterly 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. Equities research analysts predict that Calix, Inc will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Rosenblatt Securities boosted their target price on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen upgraded Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Wolfe Research assumed coverage on Calix in a research report on Monday, July 7th. They set a "peer perform" rating for the company. JPMorgan Chase & Co. boosted their target price on Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Needham & Company LLC boosted their target price on Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.25.

Calix 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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