Paradigm Capital Management Inc. NY purchased a new stake in shares of Calix, Inc (NYSE:CALX – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 997,134 shares of the communications equipment provider’s stock, valued at approximately $37,213,000. Calix accounts for 1.0% of Paradigm Capital Management Inc. NY’s holdings, making the stock its 22nd largest position. Paradigm Capital Management Inc. NY owned about 1.58% of Calix at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in shares of Calix by 63.0% in the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after buying an additional 213 shares during the period. Raymond James Financial Inc. bought a new position in Calix during the 2nd quarter worth approximately $30,000. Harbor Investment Advisory LLC bought a new position in Calix during the 2nd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd increased its stake in Calix by 24,733.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock worth $39,000 after purchasing an additional 742 shares during the period. Finally, Strive Financial Group LLC bought a new stake in Calix in the fourth quarter valued at approximately $40,000. 98.14% of the stock is owned by institutional investors.
Insider Transactions at Calix
In other Calix news, Director Carl Russo sold 75,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 1,569,188 shares in the company, 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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.
Calix Stock Performance
Calix (NYSE:CALX – Get Free Report) last posted its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The firm had revenue of $293.33 million for the quarter, compared to analysts’ expectations of $289.96 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Sell-side analysts predict that Calix, Inc will post 0.89 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on CALX shares. Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their price target on shares of Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings lowered shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Finally, Rosenblatt Securities decreased their price objective on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research 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, Calix currently has an average rating of “Moderate Buy” and an average price target of $63.86.
View Our Latest Report on Calix
Calix 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.
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