North Star Asset Management Inc. Buys Shares of 111,554 Calix, Inc $CALX

Key Points

• North Star Asset Management bought 111,554 Calix shares worth approximately $4.16 million, establishing a position representing about 0.18% of the company. Institutional investors and hedge funds collectively own 98.14% of Calix.
• Calix reported quarterly earnings of $0.47 per share, beating estimates of $0.40, while revenue rose 21.3% year over year to $293.33 million. The company guided for third-quarter 2026 EPS of $0.37-$0.45.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $63.86, compared with the stock’s recent price of $37.63. Director Carl Russo separately sold 75,000 shares under a pre-arranged trading plan.

North Star Asset Management Inc. purchased a new position in shares of Calix, Inc (NYSE:CALX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 111,554 shares of the communications equipment provider's stock, valued at approximately $4,163,000. North Star Asset Management Inc. owned approximately 0.18% of Calix as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Calix Price Performance

CALX opened at $37.63 on Friday. Calix, Inc has a 12 month low of $34.26 and a 12 month high of $71.22. The business has a 50-day moving average of $38.10 and a two-hundred day moving average of $43.50. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 50.85 and a beta of 1.24.

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 for the quarter, topping the consensus estimate of $0.40 by $0.07. Calix had a net margin of 4.61% and a return on equity of 6.17%. The business had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. During the same period in the prior year, the firm posted $0.33 EPS. The company's revenue was up 21.3% on a year-over-year basis. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Equities research analysts anticipate that Calix, Inc will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CALX. Zacks Research upgraded shares of Calix from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. Northland Securities raised shares of Calix from a "market perform" rating to an "outperform" rating and set a $52.00 price objective on the stock in a research note on Tuesday, July 21st. Wall Street Zen lowered shares of Calix from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. Roth Capital reaffirmed a "buy" rating on shares of Calix in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded Calix from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $63.86.

Insiders Place Their Bets

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