Shares of Calix, Inc (NYSE:CALX – Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $33.72 and last traded at $33.5660, with a volume of 61818 shares. The stock had previously closed at $34.54.
Wall Street Analyst Weigh In
Several research firms have commented on CALX. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. JPMorgan Chase & Co. dropped their price target on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Rosenblatt Securities cut their price target on Calix from $70.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Roth Capital reaffirmed a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Finally, Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.86.
Check Out Our Latest Stock Report on CALX
Calix Stock Down 4.2%
Calix (NYSE:CALX – Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Calix had a net margin of 4.61% and a return on equity of 6.17%. The business had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s quarterly 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. Equities analysts forecast that Calix, Inc will post 0.89 earnings per share for the current year.
Insider Activity
In other news, Director Carl Russo sold 75,000 shares of the business’s stock in a transaction on Monday, July 27th. The stock was 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 of the company’s stock, valued at approximately $56,804,605.60. The trade was a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company’s stock.
Institutional Trading of Calix
Institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Calix during the 2nd quarter valued at $126,000. Nykredit A S acquired a new position in Calix during the 2nd quarter valued at about $105,000. HighTower Advisors LLC raised its stake in Calix by 37.8% in the second quarter. HighTower Advisors LLC now owns 164,210 shares of the communications equipment provider’s stock valued at $6,128,000 after buying an additional 45,081 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Calix in the second quarter worth about $1,641,000. Finally, AXQ Capital LP increased its holdings in shares of Calix by 353.7% during the second quarter. AXQ Capital LP now owns 37,827 shares of the communications equipment provider’s stock valued at $1,412,000 after acquiring an additional 29,490 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.
About Calix
Calix, Inc is a communications technology company that provides broadband access systems, cloud software and managed services to communications service providers. Its solutions are designed to help service providers deploy, manage and monetize broadband networks while delivering services to residential, business and community customers.
The company’s portfolio includes the AXOS broadband platform, which supports fiber, fixed wireless and other access technologies, as well as Calix Cloud software for network management, analytics and operational insights.
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