4,480 Shares in Calix, Inc $CALX Acquired by Cooper Financial Group

Cooper Financial Group bought a new position in shares of Calix, Inc (NYSE:CALX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,480 shares of the communications equipment provider’s stock, valued at approximately $238,000.

Several other large investors have also added to or reduced their stakes in CALX. Assenagon Asset Management S.A. grew its stake in Calix by 135.6% during the second quarter. Assenagon Asset Management S.A. now owns 947,738 shares of the communications equipment provider’s stock worth $50,410,000 after purchasing an additional 545,490 shares during the period. Nuveen LLC acquired a new stake in Calix during the first quarter worth approximately $15,207,000. Penn Capital Management Company LLC acquired a new stake in Calix during the first quarter worth approximately $12,018,000. Alliancebernstein L.P. grew its stake in Calix by 12.1% during the first quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider’s stock worth $88,927,000 after purchasing an additional 270,397 shares during the period. Finally, Neuberger Berman Group LLC acquired a new stake in Calix during the first quarter worth approximately $8,620,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Trading Down 0.7%

Shares of Calix stock opened at $60.97 on Friday. The business’s fifty day simple moving average is $59.41 and its 200 day simple moving average is $49.14. The firm has a market capitalization of $3.98 billion, a P/E ratio of -152.42 and a beta of 1.32. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $64.30.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.41. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.The business had revenue of $241.90 million for the quarter, compared to analyst estimates of $223.81 million. During the same period last year, the company posted $0.09 earnings per share. Calix’s quarterly revenue was up 22.1% compared to the same quarter last year. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Analysts predict that Calix, Inc will post -0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $55.40, for a total value of $1,385,000.00. Following the completion of the sale, the director directly owned 2,114,188 shares of the company’s stock, valued at $117,126,015.20. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Cory Sindelar sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 76,555 shares of the company’s stock, valued at $4,593,300. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $2,545,000 over the last three months. Company insiders own 16.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Zacks Research cut Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Needham & Company LLC raised their price objective on Calix from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Rosenblatt Securities raised their price objective on Calix from $56.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Wall Street Zen upgraded Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Finally, JPMorgan Chase & Co. raised their target price on Calix from $38.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

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.