MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in Calix, Inc $CALX

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Calix, Inc by 36.3% during Q1, purchasing an additional 200,391 shares and now holds 751,936 shares valued at approximately $26.6 million.
• Analysts have generally rated Calix with a consensus "Moderate Buy" and an average price target of $59.25, with several brokerages raising their target prices in the past few weeks.
• Calix reported earnings that exceeded estimates, with revenue of $241.9 million and EPS of $0.33 for the last quarter, showing a 22.1% increase compared to the previous year.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Calix, Inc (NYSE:CALX - Free Report) by 36.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 751,936 shares of the communications equipment provider's stock after purchasing an additional 200,391 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.16% of Calix worth $26,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in Calix in the first quarter worth approximately $28,000. Signaturefd LLC boosted its holdings in Calix by 91.1% in the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock worth $36,000 after purchasing an additional 480 shares during the last quarter. Quarry LP boosted its holdings in Calix by 1,704.0% in the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider's stock worth $48,000 after purchasing an additional 1,278 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Calix in the fourth quarter worth approximately $208,000. Finally, LVW Advisors LLC purchased a new stake in Calix in the first quarter worth approximately $226,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Insider Activity

In related news, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction dated 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 owned 76,555 shares in the company, valued at approximately $4,593,300. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated 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 completion of the transaction, the director owned 2,114,188 shares of the company's stock, valued at approximately $117,126,015.20. This represents a 1.17% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,000 shares of company stock valued at $3,065,000. 16.90% of the stock is currently owned by company insiders.

Calix Price Performance

Shares of CALX stock traded down $1.75 on Friday, hitting $61.53. 167,607 shares of the stock traded hands, compared to its average volume of 737,896. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -153.87 and a beta of 1.35. The firm has a 50 day simple moving average of $56.69 and a two-hundred day simple moving average of $46.27. 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 announced its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.41. The company had revenue of $241.90 million for the quarter, compared to the consensus estimate of $223.81 million. Calix had a negative net margin of 3.09% and a negative return on equity of 3.21%. Calix's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Sell-side analysts forecast that Calix, Inc will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

CALX has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on shares of Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Wolfe Research started coverage on shares of Calix in a research note on Monday, July 7th. They set a "peer perform" rating on the stock. Rosenblatt Securities lifted their price target on shares of Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Wall Street Zen upgraded shares of Calix from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Finally, Needham & Company LLC lifted their price target on shares of Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average 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.