Shane Todd Marshall Eleniak Sells 50,000 Shares of Calix (NYSE:CALX) Stock

Calix, Inc (NYSE:CALX) insider Shane Todd Marshall Eleniak sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total value of $3,267,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Calix Stock Performance

CALX stock opened at $64.02 on Friday. The firm has a market cap of $4.24 billion, a P/E ratio of -533.49 and a beta of 1.44. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $71.22. The stock has a 50-day simple moving average of $61.59 and a 200-day simple moving average of $54.18.

Calix (NYSE:CALX) last released its quarterly 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 firm had revenue of $265.44 million for the quarter, compared to analyst estimates of $246.21 million. Calix had a negative return on equity of 0.70% and a negative net margin of 0.78%.Calix’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. On average, equities research analysts predict that Calix, Inc will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Calix

Several institutional investors and hedge funds have recently made changes to their positions in the company. SouthState Corp lifted its stake in Calix by 10,000.0% during the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 500 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Calix during the second quarter valued at $30,000. Whittier Trust Co. raised its holdings in shares of Calix by 541.0% during the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 541 shares during the period. Covestor Ltd raised its holdings in shares of Calix by 125.4% during the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 365 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Calix in the 2nd quarter worth about $36,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CALX has been the subject of several analyst reports. Needham & Company LLC upped their target price on shares of Calix from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Calix in a research note 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 research report on Friday, October 31st. Zacks Research raised Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Craig Hallum reiterated a “buy” rating and issued a $75.00 price target on shares of Calix in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given 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.

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.