Paradigm Capital Management Inc. NY Makes New $37.21 Million Investment in Calix, Inc $CALX

Paradigm Capital Management Inc. NY bought a new stake in shares of Calix, Inc (NYSE:CALX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 997,134 shares of the communications equipment provider’s stock, valued at approximately $37,213,000. Calix makes up 1.0% of Paradigm Capital Management Inc. NY’s holdings, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its position in Calix by 11.0% during the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock valued at $993,000 after buying an additional 2,773 shares in the last quarter. AQR Capital Management LLC increased its holdings in Calix by 304.1% in the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock worth $1,538,000 after buying an additional 33,769 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Calix by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock valued at $6,249,000 after acquiring an additional 16,905 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Calix by 26.8% during the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after acquiring an additional 6,962 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Calix by 16,478.0% during the 2nd quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock valued at $518,000 after acquiring an additional 9,722 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Trading Down 0.8%

CALX opened at $39.79 on Tuesday. Calix, Inc has a 1-year low of $34.26 and a 1-year high of $71.22. The company has a market capitalization of $2.51 billion, a PE ratio of 53.77 and a beta of 1.24. The firm’s 50 day simple moving average is $38.06 and its two-hundred day simple moving average is $43.77.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $289.96 million. During the same quarter last year, the company posted $0.33 EPS. The company’s 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 fiscal year.

Insider Buying and Selling

In related news, Director Carl Russo sold 75,000 shares of Calix stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the transaction, the director directly owned 1,569,188 shares in the company, valued at approximately $56,804,605.60. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CALX shares. JPMorgan Chase & Co. decreased their price objective on shares of Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings downgraded shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Tuesday, July 21st. Finally, Rosenblatt Securities lowered their price target on Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Calix 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.