First Trust Advisors LP Sells 35,523 Shares of Calix, Inc $CALX

First Trust Advisors LP lowered its stake in Calix, Inc (NYSE:CALX) by 38.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,717 shares of the communications equipment provider’s stock after selling 35,523 shares during the quarter. First Trust Advisors LP’s holdings in Calix were worth $2,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC boosted its position in Calix by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Calix by 27.0% in the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after purchasing an additional 265 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of Calix by 3.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock worth $466,000 after purchasing an additional 270 shares during the last quarter. Vident Advisory LLC increased its position in shares of Calix by 2.8% during the 4th quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock worth $559,000 after purchasing an additional 287 shares during the last quarter. Finally, Strs Ohio raised its position in Calix by 1.5% during the first quarter. Strs Ohio now owns 20,600 shares of the communications equipment provider’s stock worth $1,009,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Stock Performance

Shares of NYSE:CALX opened at $37.55 on Friday. Calix, Inc has a 52-week low of $34.26 and a 52-week high of $71.22. The company has a market capitalization of $2.36 billion, a PE ratio of 50.74 and a beta of 1.24. The company has a fifty day moving average of $37.81 and a 200-day moving average of $44.89.

Calix (NYSE:CALX) last released its quarterly earnings data 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. The company had revenue of $293.33 million for the quarter, compared to the consensus estimate of $289.96 million. Calix had a return on equity of 6.17% and a net margin of 4.61%.Calix’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, equities analysts forecast that Calix, Inc will post 0.89 EPS for the current fiscal year.

Calix declared that its Board of Directors has initiated a stock buyback plan on Tuesday, April 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the communications equipment provider to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 75,000 shares of the company’s stock in a transaction that occurred 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 owned 1,569,188 shares of the company’s stock, valued at $56,804,605.60. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CALX shares. Northland Securities raised 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. 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 note on Tuesday, July 21st. Roth Capital restated a “buy” rating on shares of Calix in a research report on Tuesday, July 21st. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings raised Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.86.

Calix Company 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.