Inspire Investing LLC Reduces Holdings in Calix, Inc $CALX

Key Points

• Inspire Investing LLC significantly reduced its holdings in Calix, Inc by 74.1% during the 2nd quarter, leaving it with just 7,316 shares valued at approximately $389,000.
• Institutional investors collectively own 98.14% of Calix's stock, with other firms like GAMMA Investing LLC and SG Americas Securities LLC increasing their stakes substantially in the first quarter.
• Calix recently reported a quarterly earnings per share of $0.33, beating analysts' expectations significantly, while setting guidance of $0.310-$0.371 EPS for Q3 2025.

Inspire Investing LLC cut its stake in shares of Calix, Inc (NYSE:CALX - Free Report) by 74.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,316 shares of the communications equipment provider's stock after selling 20,908 shares during the quarter. Inspire Investing LLC's holdings in Calix were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CALX. GAMMA Investing LLC lifted its holdings in Calix by 4,397.2% in the 1st quarter. GAMMA Investing LLC now owns 23,745 shares of the communications equipment provider's stock worth $842,000 after buying an additional 23,217 shares during the period. SG Americas Securities LLC lifted its holdings in Calix by 159.6% in the 1st quarter. SG Americas Securities LLC now owns 29,128 shares of the communications equipment provider's stock worth $1,032,000 after buying an additional 17,907 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Calix by 17.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 33,759 shares of the communications equipment provider's stock worth $1,196,000 after buying an additional 5,045 shares during the period. Teacher Retirement System of Texas purchased a new stake in Calix in the 1st quarter worth approximately $922,000. Finally, Principal Financial Group Inc. lifted its holdings in Calix by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 294,539 shares of the communications equipment provider's stock worth $10,438,000 after buying an additional 7,030 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CALX. JPMorgan Chase & Co. increased their price objective on Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Rosenblatt Securities increased their price objective on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Weiss Ratings reiterated a "sell (d)" rating on shares of Calix in a report on Wednesday, October 8th. Needham & Company LLC increased 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. Finally, Wolfe Research assumed coverage on Calix in a research report on Monday, July 7th. They issued a "peer perform" rating for the company. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Calix has a consensus rating of "Hold" and a consensus target price of $64.00.

Insider Buying and Selling

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 stock was sold at an average price of $55.40, for a total transaction of $1,385,000.00. Following the completion of the transaction, the director owned 2,114,188 shares of the company's stock, valued at $117,126,015.20. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of the firm'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 value of $600,000.00. Following the transaction, the chief financial officer directly owned 76,555 shares of the company's stock, valued at approximately $4,593,300. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,000 shares of company stock valued at $2,545,000. 16.90% of the stock is owned by corporate insiders.

Calix Stock Up 1.1%

CALX stock opened at $59.84 on Thursday. Calix, Inc has a twelve month low of $28.60 and a twelve month high of $64.30. The firm has a market cap of $3.91 billion, a PE ratio of -149.59 and a beta of 1.32. The business has a 50 day moving average of $59.91 and a 200 day moving average of $50.59.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $241.90 million during the quarter, compared to analyst estimates of $223.81 million. During the same quarter last year, the company earned $0.09 EPS. The firm's revenue for the quarter was up 22.1% on a year-over-year basis. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, research analysts expect 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.

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