Vanguard Group Inc. Has $284.07 Million Stock Holdings in Calix, Inc $CALX

Key Points

• Vanguard Group Inc. increased its stake in Calix, Inc. by 0.5%, owning around 12.37% of the company worth $284 million after purchasing an additional 37,601 shares in the first quarter.
• Calix reported strong earnings, with an EPS of $0.33, exceeding analysts' estimates, and a 22.1% increase in quarterly revenue compared to the same period last year.
• Calix's board has authorized a $100 million share repurchase program, indicating management believes the stock is undervalued.

Vanguard Group Inc. grew its stake in shares of Calix, Inc (NYSE:CALX - Free Report) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,015,370 shares of the communications equipment provider's stock after purchasing an additional 37,601 shares during the quarter. Vanguard Group Inc. owned approximately 12.37% of Calix worth $284,065,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CALX. Bank of Montreal Can grew its holdings in shares of Calix by 27.1% during the fourth quarter. Bank of Montreal Can now owns 11,057 shares of the communications equipment provider's stock valued at $386,000 after purchasing an additional 2,358 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in Calix by 8.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock worth $217,000 after buying an additional 465 shares in the last quarter. Barclays PLC grew its holdings in Calix by 88.9% in the 4th quarter. Barclays PLC now owns 214,511 shares of the communications equipment provider's stock worth $7,480,000 after buying an additional 100,932 shares in the last quarter. Marshall Wace LLP bought a new position in Calix in the 4th quarter worth approximately $2,021,000. Finally, Dimensional Fund Advisors LP grew its holdings in Calix by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,832,407 shares of the communications equipment provider's stock worth $63,897,000 after buying an additional 74,720 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Cory Sindelar sold 10,000 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the completion of the sale, the chief financial officer directly owned 76,285 shares of the company's stock, valued at $4,271,960. This represents a 11.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carl Russo sold 25,000 shares of the stock in a transaction on Monday, July 28th. The shares were 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 $117,126,015.20. This trade represents a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $2,465,000 over the last ninety days. 16.90% of the stock is owned by insiders.

Calix Stock Performance

Shares of CALX stock traded up $1.4030 during mid-day trading on Friday, hitting $58.5330. 464,435 shares of the stock traded hands, compared to its average volume of 645,314. Calix, Inc has a twelve month low of $28.60 and a twelve month high of $59.30. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of -146.33 and a beta of 1.27. The company's 50-day simple moving average is $53.71 and its 200-day simple moving average is $44.33.

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 (EPS) for the quarter, beating 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 company had revenue of $241.90 million for the quarter, compared to analysts' expectations of $223.81 million. During the same period last year, the firm earned $0.09 EPS. 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. Analysts forecast that Calix, Inc will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen raised Calix from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Rosenblatt Securities increased their price objective on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Needham & Company LLC increased their price objective on Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Wolfe Research assumed coverage on Calix in a report on Monday, July 7th. They issued a "peer perform" rating for the company. Finally, JPMorgan Chase & Co. increased their price objective on Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Calix currently has a consensus rating of "Moderate Buy" and an average price target of $59.25.

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.