Connor Clark & Lunn Investment Management Ltd. Buys New Shares in Calix, Inc $CALX

Posted by Brian Himes on Aug 27th, 2026

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Calix, Inc (NYSE:CALX – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 202,137 shares of the communications equipment provider’s stock, valued at approximately $7,544,000.

A number of other large investors have also recently made changes to their positions in CALX. BlackRock Inc. bought a new position in shares of Calix during the 2nd quarter valued at approximately $439,461,000. State Street Corp lifted its holdings in Calix by 1.0% during the fourth quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock valued at $125,072,000 after purchasing an additional 23,022 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Calix by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock worth $76,513,000 after purchasing an additional 74,235 shares during the period. Alliancebernstein L.P. raised its position in shares of Calix by 4.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock valued at $86,515,000 after purchasing an additional 61,247 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Calix by 214.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after buying an additional 868,987 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 75,000 shares of the firm’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 of the company’s stock, valued at approximately $56,804,605.60. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CALX. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. JPMorgan Chase & Co. decreased their target price on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Roth Capital reissued a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Rosenblatt Securities lowered their target price on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a 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 company. According to MarketBeat, Calix currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.86.

View Our Latest Stock Analysis on CALX

Calix Trading Down 3.7%

NYSE:CALX opened at $38.36 on Thursday. The business’s 50-day moving average is $38.10 and its 200 day moving average is $43.61. Calix, Inc has a 12 month low of $34.26 and a 12 month high of $71.22. The company has a market capitalization of $2.42 billion, a P/E ratio of 51.84 and a beta of 1.24.

Calix (NYSE:CALX – Get Free Report) last released its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share 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 business had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $289.96 million. During the same quarter last year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, research analysts forecast that Calix, Inc will post 0.89 earnings per share for the current year.

Calix Profile

(Free Report)

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.