16,328 Shares in Calix, Inc $CALX Purchased by Summit Global Investments

Summit Global Investments acquired a new position in shares of Calix, Inc (NYSE:CALX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,328 shares of the communications equipment provider’s stock, valued at approximately $609,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CALX. 4D Advisors LLC bought a new stake in Calix in the fourth quarter worth $6,087,000. GSA Capital Partners LLP increased its position in Calix by 167.0% during the fourth quarter. GSA Capital Partners LLP now owns 53,867 shares of the communications equipment provider’s stock valued at $2,851,000 after acquiring an additional 33,691 shares during the last quarter. California State Teachers Retirement System increased its position in Calix by 32.6% during the first quarter. California State Teachers Retirement System now owns 76,344 shares of the communications equipment provider’s stock valued at $3,740,000 after acquiring an additional 18,755 shares during the last quarter. Geode Capital Management LLC increased its position in Calix by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock valued at $76,513,000 after acquiring an additional 74,235 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Calix by 397,798.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 350,151 shares of the communications equipment provider’s stock valued at $18,533,000 after acquiring an additional 350,063 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Trading Down 0.7%

Shares of Calix stock opened at $39.58 on Friday. The stock’s fifty day moving average price is $37.86 and its 200-day moving average price is $44.25. The firm has a market cap of $2.49 billion, a P/E ratio of 53.48 and a beta of 1.24. Calix, Inc has a 12 month low of $34.26 and a 12 month high of $71.22.

Calix (NYSE:CALX) last released its quarterly earnings data 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 firm’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 firm earned $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Analysts forecast that Calix, Inc will post 0.89 earnings per share for the current year.

Calix declared that its Board of Directors has approved a share repurchase program on Tuesday, April 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Calix from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Wall Street Zen downgraded shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. JPMorgan Chase & Co. reduced their price objective on shares of Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings downgraded shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Finally, Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Calix currently has an average rating of “Moderate Buy” and an average price target of $63.86.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $36.20, for a total value of $2,715,000.00. Following the completion of the sale, the director owned 1,569,188 shares of the company’s stock, valued at approximately $56,804,605.60. This represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

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.