Insider Selling: Calix (NYSE:CALX) CFO Sells $3,265,000.00 in Stock

Calix, Inc (NYSE:CALX) CFO Cory Sindelar sold 50,000 shares of Calix stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $65.30, for a total value of $3,265,000.00. Following the transaction, the chief financial officer owned 76,555 shares in the company, valued at approximately $4,999,041.50. The trade was a 39.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Cory Sindelar also recently made the following trade(s):

• On Thursday, October 30th, Cory Sindelar sold 10,000 shares of Calix stock. The shares were sold at an average price of $65.00, for a total value of $650,000.00.
• On Thursday, August 28th, Cory Sindelar sold 10,000 shares of Calix stock. The stock was sold at an average price of $60.00, for a total value of $600,000.00.

Calix Trading Down 2.7%

Shares of CALX opened at $58.67 on Friday. Calix, Inc has a 12-month low of $28.60 and a 12-month high of $71.22. The firm has a 50-day moving average price of $61.80 and a 200 day moving average price of $54.99. The firm has a market capitalization of $3.89 billion, a P/E ratio of -488.88 and a beta of 1.44.

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

Analyst Ratings Changes

CALX has been the topic of a number of recent analyst reports. UBS Group reiterated an “outperform” rating and issued a $75.00 price objective 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 research note on Saturday, July 26th. Roth Capital set a $85.00 price target on Calix and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Calix in a report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on shares of Calix from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

Hedge Funds Weigh In On Calix

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Calix by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider’s stock worth $284,065,000 after purchasing an additional 37,601 shares during the period. Alliancebernstein L.P. increased its stake in 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 buying an additional 270,397 shares during the period. Congress Asset Management Co. increased its stake in Calix by 3.2% during the 3rd quarter. Congress Asset Management Co. now owns 1,463,202 shares of the communications equipment provider’s stock worth $89,797,000 after buying an additional 45,258 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Calix by 214.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after buying an additional 868,987 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Calix by 14.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock valued at $64,077,000 after buying an additional 152,469 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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.