Vanguard Group Inc. Has $284.07 Million Stock Position 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. lifted its stake in Calix, Inc (NYSE:CALX - Free Report) by 0.5% during the 1st quarter, according to the company in 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 acquiring an additional 37,601 shares during the period. Vanguard Group Inc. owned approximately 12.37% of Calix worth $284,065,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Meeder Asset Management Inc. bought a new position in Calix in the first quarter worth $28,000. Signaturefd LLC lifted its holdings in shares of Calix by 91.1% during the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock valued at $36,000 after acquiring an additional 480 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Calix during the fourth quarter valued at $208,000. Summit Investment Advisors Inc. lifted its holdings in shares of Calix by 8.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock valued at $217,000 after acquiring an additional 465 shares during the period. Finally, LVW Advisors LLC bought a new position in shares of Calix during the first quarter valued at $226,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Wall Street Analyst Weigh In

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

Calix Trading Up 1.1%

Shares of CALX traded up $0.61 during midday trading on Thursday, reaching $57.23. The stock had a trading volume of 179,703 shares, compared to its average volume of 758,977. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of -142.96 and a beta of 1.27. Calix, Inc has a 12-month low of $28.60 and a 12-month high of $59.30. The company's 50-day moving average is $53.30 and its 200 day moving average is $44.09.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $223.81 million. During the same period last year, the business posted $0.09 EPS. 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. Research analysts forecast that Calix, Inc will post -0.43 EPS for the current fiscal year.

Insider Transactions at Calix

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the sale, the chief financial officer directly owned 76,285 shares in the company, valued at approximately $4,271,960. The trade was a 11.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl Russo sold 25,000 shares of the business's stock in a transaction 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 $117,126,015.20. This trade represents a 1.17% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,000 shares of company stock worth $2,465,000. Company insiders own 16.90% of the company's stock.

About Calix

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.