Calix, Inc $CALX Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Calix, Inc (NYSE:CALX) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 519,153 shares of the communications equipment provider’s stock after selling 15,364 shares during the period. Wellington Management Group LLP’s holdings in Calix were worth $19,375,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. North Star Asset Management Inc. acquired a new stake in Calix in the 2nd quarter worth about $4,163,000. Formula Growth Ltd. purchased a new stake in shares of Calix in the second quarter worth about $4,292,000. Jefferies Financial Group Inc. purchased a new position in Calix in the 2nd quarter worth approximately $1,135,000. Bank of America Corp DE purchased a new position in shares of Calix in the second quarter valued at $20,900,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Calix during the second quarter valued at about $157,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Carl Russo sold 75,000 shares of the company’s 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 transaction, the director directly owned 1,569,188 shares of the company’s stock, valued at approximately $56,804,605.60. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

Calix Stock Up 0.2%

Shares of NYSE CALX opened at $36.02 on Monday. The stock’s fifty day simple moving average is $38.20 and its 200 day simple moving average is $42.82. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 48.68 and a beta of 1.25. Calix, Inc has a 52-week low of $34.26 and a 52-week high of $71.22.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CALX shares. Roth Capital reissued a “buy” rating on shares of Calix in a research report on Tuesday, July 21st. Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Weiss Ratings upgraded shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a report on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.86.

Calix Company 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.