Calix (NYSE:CALX) Director Sells $26,917,800.00 in Stock

Calix, Inc (NYSE:CALX) Director Carl Russo sold 420,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the completion of the sale, the director directly owned 1,694,188 shares in the company, valued at $108,580,508.92. This trade represents a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Calix Trading Down 4.2%

NYSE CALX traded down $2.82 on Thursday, hitting $64.36. 508,296 shares of the company were exchanged, compared to its average volume of 713,673. Calix, Inc has a 1-year low of $28.60 and a 1-year high of $71.22. The company has a market cap of $4.27 billion, a P/E ratio of -536.26 and a beta of 1.44. The firm has a 50 day moving average of $61.43 and a two-hundred day moving average of $53.89.

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

Wall Street Analyst Weigh In

Several brokerages have commented on CALX. JPMorgan Chase & Co. boosted their target price on Calix from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings restated a “sell (d)” rating on shares of Calix in a report on Wednesday, October 8th. Wall Street Zen upgraded Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. UBS Group reiterated an “outperform” rating and issued a $75.00 target price on shares of Calix in a report on Friday, October 31st. Finally, Rosenblatt Securities increased their target price on Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $79.50.

Institutional Investors Weigh In On Calix

Several large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in Calix by 135.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 947,738 shares of the communications equipment provider’s stock worth $50,410,000 after buying an additional 545,490 shares during the last quarter. Nuveen LLC bought a new stake in Calix in the 1st quarter worth approximately $15,207,000. Loomis Sayles & Co. L P bought a new stake in Calix in the 2nd quarter worth approximately $21,682,000. Penn Capital Management Company LLC bought a new stake in Calix in the 1st quarter worth approximately $12,018,000. Finally, Westfield Capital Management Co. LP bought a new stake in Calix in the 2nd quarter worth approximately $15,486,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

About Calix

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.