Calix (NYSE:CALX) Director Sells $2,330,250.00 in Stock

Posted by Stanley Muller on Nov 12th, 2026

Calix, Inc (NYSE:CALX – Get Free Report) Director Carl Russo sold 75,000 shares of the firm’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $31.07, for a total value of $2,330,250.00. Following the completion of the transaction, the director owned 1,494,188 shares in the company, valued at approximately $46,424,421.16. This represents a 4.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Calix Stock Up 1.1%

Shares of CALX stock opened at $32.59 on Thursday. The stock has a 50-day moving average price of $35.27 and a 200 day moving average price of $41.72. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 47.93 and a beta of 1.21. Calix, Inc has a 12 month low of $30.55 and a 12 month high of $64.33.

Calix (NYSE:CALX – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The communications equipment provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $301.71 million during the quarter, compared to analysts’ expectations of $304.23 million. Calix had a return on equity of 5.67% and a net margin of 3.99%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. Sell-side analysts predict that Calix, Inc will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CALX. Weiss Ratings lowered shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, October 26th. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Rosenblatt Securities reiterated a “buy” rating and set a $55.00 target price on shares of Calix in a research report on Wednesday, November 4th. JPMorgan Chase & Co. dropped their target price on shares of Calix from $58.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, November 4th. Finally, Roth Capital reissued a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Calix currently has an average rating of “Moderate Buy” and an average target price of $55.80.

Get Our Latest Research Report on Calix

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Harbor Investment Advisory LLC bought a new stake in Calix in the second quarter valued at approximately $31,000. Pinnacle Wealth Planning Services Inc. raised its holdings in Calix by 254.0% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 878 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 630 shares during the period. Covestor Ltd raised its holdings in Calix by 85.4% in the third quarter. Covestor Ltd now owns 1,446 shares of the communications equipment provider’s stock worth $49,000 after purchasing an additional 666 shares during the period. OV Management LLC bought a new position in shares of Calix during the second quarter worth $62,000. Finally, Sterling Capital Management LLC boosted its position in shares of Calix by 827.9% during the third quarter. Sterling Capital Management LLC now owns 1,930 shares of the communications equipment provider’s stock worth $66,000 after purchasing an additional 1,722 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Company Profile

(Get Free Report)

Calix, Inc. provides cloud, software, systems and services to broadband service providers. Its offerings are designed to help providers build and manage access networks, improve operations and deliver broadband services and digital experiences to residential and business subscribers. The company’s portfolio includes the Calix Broadband Platform, which brings together network access systems, software and cloud-based applications. Products and services support network management, subscriber experience and the delivery of services such as broadband connectivity and managed Wi-Fi.