Paradigm Capital Management Inc. NY Sells 29,900 Shares of Calix, Inc $CALX

Key Points

• Paradigm Capital Management Inc. NY has reduced its stake in Calix, Inc by 2.8%, now holding approximately $36.41 million in shares, which represents 1.58% of Calix's total stock.
• Calix recently reported a significant earnings performance with earnings per share of $0.33, surpassing analyst expectations of a loss and achieving a 22.1% year-over-year revenue increase.
• Equities analysts have a largely positive outlook on Calix, with several upgrades to "strong-buy" ratings and an average price target forecast of $59.25 for the stock.

Paradigm Capital Management Inc. NY trimmed its holdings in shares of Calix, Inc (NYSE:CALX - Free Report) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,027,300 shares of the communications equipment provider's stock after selling 29,900 shares during the quarter. Calix accounts for about 2.0% of Paradigm Capital Management Inc. NY's portfolio, making the stock its 17th largest position. Paradigm Capital Management Inc. NY owned 1.58% of Calix worth $36,408,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CALX. Meeder Asset Management Inc. bought a new stake in Calix during the 1st quarter worth approximately $28,000. Signaturefd LLC grew its holdings in Calix by 91.1% during the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock worth $36,000 after acquiring an additional 480 shares during the last quarter. Quarry LP grew its holdings in Calix by 1,704.0% during the 1st quarter. Quarry LP now owns 1,353 shares of the communications equipment provider's stock worth $48,000 after acquiring an additional 1,278 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Calix during the 4th quarter worth approximately $208,000. Finally, LVW Advisors LLC acquired a new position in shares of Calix in the 1st quarter worth approximately $226,000. 98.14% of the stock is owned by institutional investors.

Insider Transactions at Calix

In other news, CFO Cory Sindelar sold 10,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $4,593,300. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carl Russo sold 25,000 shares of the stock in a transaction dated 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 sale, the director directly owned 2,114,188 shares in the company, valued at approximately $117,126,015.20. The trade was a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,000 shares of company stock valued at $3,065,000 in the last quarter. Company insiders own 16.90% of the company's stock.

Calix Price Performance

Shares of NYSE CALX traded down $0.28 during trading on Wednesday, hitting $58.72. The stock had a trading volume of 511,680 shares, compared to its average volume of 575,952. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $61.27. The company has a market capitalization of $3.83 billion, a PE ratio of -146.79 and a beta of 1.35. The firm has a fifty day moving average of $55.36 and a two-hundred day moving average of $45.25.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.41. Calix had a negative net margin of 3.09% and a negative return on equity of 3.21%. The company had revenue of $241.90 million during the quarter, compared to analyst estimates of $223.81 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. 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, equities analysts expect that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Rosenblatt Securities boosted 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. Needham & Company LLC boosted 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 initiated coverage on shares of Calix in a research report on Monday, July 7th. They issued a "peer perform" rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen upgraded shares of Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.