Jefferies Financial Group Inc. Purchases Shares of 30,400 Calix, Inc $CALX

Key Points

• Jefferies Financial Group acquired 30,400 Calix shares during the second quarter, valued at approximately $1.14 million. Institutional investors collectively own 98.14% of Calix’s outstanding stock.
• Analysts maintain a generally positive outlook, with seven Buy ratings and two Holds. Calix has a consensus “Moderate Buy” rating and an average price target of $63.86, despite JPMorgan lowering its target to $58.
• Calix exceeded quarterly expectations with earnings of $0.47 per share and revenue of $293.33 million, up 21.3% year over year. The stock opened at $37.60, while director Carl Russo sold 75,000 shares for about $2.72 million under a 10b5-1 trading plan.

Jefferies Financial Group Inc. acquired a new position in Calix, Inc (NYSE:CALX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 30,400 shares of the communications equipment provider's stock, valued at approximately $1,135,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Calix from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. Weiss Ratings upgraded Calix from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 24th. JPMorgan Chase & Co. lowered their price objective on Calix from $65.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Roth Capital restated a "buy" rating on shares of Calix in a report on Tuesday, July 21st. Finally, Northland Securities raised 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 report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Calix has a consensus rating of "Moderate Buy" and a consensus price target of $63.86.

Calix Stock Up 0.3%

Calix stock opened at $37.60 on Monday. Calix, Inc has a twelve month low of $34.26 and a twelve month high of $71.22. The company has a market capitalization of $2.37 billion, a P/E ratio of 50.81 and a beta of 1.24. The stock's 50 day moving average is $38.09 and its 200 day moving average is $43.38.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $289.96 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm's quarterly revenue was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, equities analysts expect that Calix, Inc will post 0.89 EPS for the current year.

Insider Activity

In other news, Director Carl Russo sold 75,000 shares of Calix stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.20, for a total value of $2,715,000.00. Following the completion of the transaction, the director owned 1,569,188 shares of the company's stock, valued at $56,804,605.60. The trade was a 4.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 corporate insiders.

About Calix

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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