Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 202,137 Calix, Inc $CALX

Connor Clark & Lunn Investment Management Ltd. bought a new position in Calix, Inc (NYSE:CALX) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 202,137 shares of the communications equipment provider’s stock, valued at approximately $7,544,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.32% of Calix as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Calix by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Calix by 27.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after purchasing an additional 265 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in Calix by 3.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock valued at $466,000 after purchasing an additional 270 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Calix by 2.8% in the 4th quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock worth $559,000 after purchasing an additional 287 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Calix by 1.5% in the 1st quarter. Strs Ohio now owns 20,600 shares of the communications equipment provider’s stock worth $1,009,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Tuesday, July 21st. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Rosenblatt Securities decreased their target price on Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Roth Capital reaffirmed a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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 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 transaction, the director owned 1,569,188 shares in the company, valued at $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 available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by company insiders.

Calix Price Performance

CALX stock opened at $38.36 on Thursday. Calix, Inc has a 1 year low of $34.26 and a 1 year high of $71.22. The company has a market cap of $2.42 billion, a P/E ratio of 51.84 and a beta of 1.24. The stock’s fifty day moving average price is $38.10 and its 200-day moving average price is $43.61.

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. The company had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $289.96 million. Calix had a return on equity of 6.17% and a net margin of 4.61%.Calix’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, analysts expect that Calix, Inc will post 0.89 earnings per share for the current year.

About Calix

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.