Strs Ohio Invests $851,000 in Calix, Inc $CALX

Key Points

• Strs Ohio has made a new investment of $851,000 in Calix, Inc by purchasing 24,000 shares of the communications equipment provider's stock.
• Calix recently reported an earnings per share (EPS) of $0.33 for the last quarter, significantly beating analysts' expectations of (-$0.08) and showing a 22.1% increase in quarterly revenue year-over-year.
• Institutional ownership of Calix stock is high, with nearly 98.14% of shares currently held by institutional investors, indicating strong investor confidence in the company.

Strs Ohio purchased a new stake in shares of Calix, Inc (NYSE:CALX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,000 shares of the communications equipment provider's stock, valued at approximately $851,000.

Several other hedge funds have also recently modified their holdings of the stock. Signaturefd LLC increased its holdings in Calix by 91.1% in the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock worth $36,000 after buying an additional 480 shares during the period. Portside Wealth Group LLC grew its stake in shares of Calix by 8.0% during the 1st quarter. Portside Wealth Group LLC now owns 8,414 shares of the communications equipment provider's stock worth $298,000 after purchasing an additional 621 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Calix during the 1st quarter worth approximately $28,000. HighTower Advisors LLC grew its stake in shares of Calix by 0.9% during the 1st 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 period. Finally, Wellington Management Group LLP grew its stake in shares of Calix by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 202,274 shares of the communications equipment provider's stock worth $7,053,000 after purchasing an additional 1,135 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

Calix Stock Down 0.3%

CALX traded down $0.21 on Tuesday, reaching $63.25. The company's stock had a trading volume of 17,725 shares, compared to its average volume of 733,131. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of -158.13 and a beta of 1.35. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $64.30. The stock has a 50 day moving average of $58.15 and a two-hundred day moving average of $47.73.

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

Insiders Place Their Bets

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer owned 76,555 shares of the company's stock, valued at $4,593,300. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carl Russo sold 25,000 shares of the 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 transaction, the director directly owned 2,114,188 shares in the company, 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 90 days, insiders sold 55,000 shares of company stock valued at $3,065,000. Company insiders own 16.90% of the company's stock.

Wall Street Analysts Forecast Growth

CALX has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Rosenblatt Securities lifted their target price 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. Wolfe Research began coverage on shares of Calix in a research note on Monday, July 7th. They set a "peer perform" rating on the stock. Finally, Needham & Company LLC lifted their target price 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $64.00.

Calix Company 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.