VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Shares in Calix, Inc $CALX

Key Points

• Virginia Retirement Systems acquired 43,983 Calix shares worth approximately $1.64 million, joining other investors that recently increased their positions. Institutional investors and hedge funds own 98.14% of Calix.
• Calix reported quarterly earnings of $0.47 per share, exceeding estimates of $0.40, while revenue rose 21.3% year over year to $293.33 million. The company guided for third-quarter EPS of $0.37–$0.45.
• Calix shares opened at $35.15, near their 52-week low, while analysts maintain a “Moderate Buy” consensus and a $63.86 average price target. Director Carl Russo separately sold 75,000 shares under a pre-arranged trading plan.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Calix, Inc (NYSE:CALX - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 43,983 shares of the communications equipment provider's stock, valued at approximately $1,641,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.07% of Calix at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Calix during the second quarter valued at $30,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 worth $39,000 after acquiring an additional 742 shares during the period. Strive Financial Group LLC bought a new stake in Calix in the 4th quarter valued at about $40,000. Harbor Investment Advisory LLC acquired a new position in Calix during the 2nd quarter valued at about $31,000. Finally, NewEdge Advisors LLC bought a new position in Calix in the 3rd quarter worth about $64,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Trading Up 0.6%

Calix stock opened at $35.15 on Friday. Calix, Inc has a 52 week low of $33.95 and a 52 week high of $71.22. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 47.49 and a beta of 1.25. The company's 50-day moving average price is $37.97 and its two-hundred day moving average price is $42.24.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. The company had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. The business's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Research analysts expect that Calix, Inc will post 0.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CALX shares. Wall Street Zen lowered shares of Calix from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. JPMorgan Chase & Co. reduced their price objective on Calix from $65.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Roth Capital reissued a "buy" rating on shares of Calix in a report on Tuesday, July 21st. Weiss Ratings upgraded Calix from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 24th. Finally, Zacks Research raised Calix from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $63.86.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 75,000 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the completion of the transaction, the director directly owned 1,569,188 shares of the company's stock, valued at approximately $56,804,605.60. This trade represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by company insiders.

Calix Profile

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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