Calix, Inc $CALX Stake Decreased by Jump Financial LLC

Key Points

• Jump Financial LLC has significantly reduced its stake in Calix, Inc by 90.6%, now holding only 7,272 shares valued at $258,000.
• Institutional investors collectively own 98.14% of Calix's stock, highlighting strong institutional interest in the company.
• Calix recently reported quarterly earnings of $0.33 per share, exceeding analysts' expectations, with revenue of $241.90 million for the quarter.

Jump Financial LLC cut its holdings in shares of Calix, Inc (NYSE:CALX - Free Report) by 90.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,272 shares of the communications equipment provider's stock after selling 69,691 shares during the period. Jump Financial LLC's holdings in Calix were worth $258,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. CW Advisors LLC grew its stake in shares of Calix by 38.1% during the first quarter. CW Advisors LLC now owns 208,017 shares of the communications equipment provider's stock valued at $7,372,000 after acquiring an additional 57,400 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Calix by 22.8% during the first quarter. American Century Companies Inc. now owns 144,323 shares of the communications equipment provider's stock worth $5,115,000 after purchasing an additional 26,778 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of Calix during the first quarter worth about $8,620,000. Russell Investments Group Ltd. lifted its position in shares of Calix by 50.4% during the first quarter. Russell Investments Group Ltd. now owns 107,313 shares of the communications equipment provider's stock worth $3,803,000 after purchasing an additional 35,976 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Calix by 0.9% during the first quarter. HighTower Advisors LLC now owns 119,253 shares of the communications equipment provider's stock worth $4,226,000 after purchasing an additional 1,008 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CALX shares. Needham & Company LLC increased their price target on shares of Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wolfe Research started coverage on shares of Calix in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Rosenblatt Securities increased their price target on shares of 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 raised shares of Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Calix has an average rating of "Moderate Buy" and a consensus price target of $59.25.

Calix Stock Down 0.5%

CALX stock traded down $0.30 during midday trading on Tuesday, reaching $60.81. The company had a trading volume of 76,761 shares, compared to its average volume of 739,938. The stock has a 50 day moving average price of $56.11 and a 200 day moving average price of $45.87. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $61.72. The firm has a market capitalization of $3.97 billion, a PE ratio of -152.08 and a beta of 1.35.

Calix (NYSE:CALX - Get Free Report) last issued its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.41. The company had revenue of $241.90 million during 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%.Calix's quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Research analysts predict that Calix, Inc will post -0.43 EPS for the current year.

Insider Buying and Selling

In other news, Director Carl Russo sold 25,000 shares of Calix 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 sale, the director owned 2,114,188 shares of the company's stock, valued at approximately $117,126,015.20. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Cory Sindelar sold 10,000 shares of Calix 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 sale, the chief financial officer directly owned 76,555 shares in the company, 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 55,000 shares of company stock worth $3,065,000. Corporate insiders own 16.90% of the company's stock.

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.