Jefferies Financial Group Inc. Purchases New Position in Calix, Inc $CALX

Jefferies Financial Group Inc. acquired a new position in Calix, Inc (NYSE:CALX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,400 shares of the communications equipment provider’s stock, valued at approximately $1,135,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Calix during the 2nd quarter valued at $439,461,000. State Street Corp raised its stake in shares of Calix by 1.0% in the fourth quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock worth $125,072,000 after purchasing an additional 23,022 shares during the last quarter. Geode Capital Management LLC raised its stake 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 last quarter. Alliancebernstein L.P. lifted its holdings in shares of Calix by 4.5% during the third 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Calix by 214.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after purchasing an additional 868,987 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Calix Price Performance

CALX stock opened at $37.60 on Monday. Calix, Inc has a 1 year low of $34.26 and a 1 year high of $71.22. The company has a market cap of $2.37 billion, a P/E ratio of 50.81 and a beta of 1.24. The stock’s fifty day moving average price is $38.09 and its 200-day moving average price is $43.38.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The company had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $289.96 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Calix’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. As a group, analysts expect that Calix, Inc will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on CALX. JPMorgan Chase & Co. reduced their price objective on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research note on Tuesday, July 21st. Roth Capital reaffirmed a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Finally, Rosenblatt Securities decreased their price objective on shares of Calix from $70.00 to $55.00 and set a “buy” rating for the company 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.86.

Insider Activity

In other news, Director Carl Russo sold 75,000 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by corporate insiders.

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.