Lisanti Capital Growth LLC Invests $1.98 Million in Calix, Inc $CALX

Lisanti Capital Growth LLC bought a new stake in Calix, Inc (NYSE:CALX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 37,240 shares of the communications equipment provider’s stock, valued at approximately $1,981,000.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Calix by 135.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 947,738 shares of the communications equipment provider’s stock valued at $50,410,000 after buying an additional 545,490 shares during the last quarter. Nuveen LLC acquired a new stake in Calix in the first quarter valued at $15,207,000. Penn Capital Management Company LLC bought a new position in shares of Calix in the 1st quarter valued at about $12,018,000. Alliancebernstein L.P. increased its stake in shares of Calix by 12.1% during the 1st quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider’s stock worth $88,927,000 after purchasing an additional 270,397 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of Calix in the 2nd quarter valued at about $13,599,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Cory Sindelar sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $65.00, for a total value of $650,000.00. Following the transaction, the chief financial officer owned 76,555 shares in the company, valued at approximately $4,976,075. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total value of $3,267,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 490,000 shares of company stock worth $31,434,800. 16.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group reiterated an “outperform” rating and set a $75.00 price target on shares of Calix in a report on Friday, October 31st. Wall Street Zen raised Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Calix in a report on Wednesday, October 8th. Rosenblatt Securities upped their price objective on shares of Calix from $65.00 to $85.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Zacks Research upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Calix currently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Calix Stock Down 0.5%

NYSE CALX opened at $64.02 on Friday. The firm has a 50-day moving average price of $61.59 and a two-hundred day moving average price of $54.30. Calix, Inc has a 12-month low of $28.60 and a 12-month high of $71.22. The company has a market capitalization of $4.24 billion, a P/E ratio of -533.49 and a beta of 1.44.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.34 by $0.10. The company had revenue of $265.44 million for the quarter, compared to analysts’ expectations of $246.21 million. Calix had a negative net margin of 0.78% and a negative return on equity of 0.70%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. Equities analysts expect that Calix, Inc will post -0.43 EPS for the current year.

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.