Fox Run Management L.L.C. Makes New Investment in Calix, Inc $CALX

Fox Run Management L.L.C. purchased a new stake in shares of Calix, Inc (NYSE:CALX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,217 shares of the communications equipment provider’s stock, valued at approximately $809,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CALX. SouthState Corp grew its position in Calix by 10,000.0% during the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 500 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Calix during the 1st quarter valued at $28,000. Signaturefd LLC increased its stake in shares of Calix by 91.1% in the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider’s stock worth $36,000 after purchasing an additional 480 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Calix in the 2nd quarter worth $36,000. Finally, Quarry LP lifted its position in Calix by 1,704.0% during the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock valued at $48,000 after purchasing an additional 1,278 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

CALX has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Calix in a research report on Wednesday, October 8th. UBS Group reissued an “outperform” rating and issued a $75.00 target price on shares of Calix in a report on Friday, October 31st. Roth Capital set a $85.00 price target on shares of Calix and gave the company a “buy” rating in a report on Thursday, October 30th. Craig Hallum reiterated a “buy” rating and issued a $75.00 price target on shares of Calix in a research report on Friday, October 31st. Finally, Wall Street Zen raised shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.50.

Calix Price Performance

Calix stock opened at $64.02 on Monday. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $71.22. The firm’s 50 day moving average price is $61.59 and its 200-day moving average price is $54.42. The stock has a market cap of $4.24 billion, a P/E ratio of -533.49 and a beta of 1.44.

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

Insider Buying and Selling

In other news, Director Carl Russo sold 420,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the sale, the director directly owned 1,694,188 shares of the company’s stock, valued at $108,580,508.92. This represents a 19.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total value of $3,267,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 490,000 shares of company stock worth $31,434,800. Corporate insiders own 16.90% 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.