Legal & General Group Plc Buys New Shares in Calix, Inc $CALX

Legal & General Group Plc purchased a new stake in Calix, Inc (NYSE:CALX) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 139,848 shares of the communications equipment provider’s stock, valued at approximately $5,219,000.

Several other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Calix by 11.0% in 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 during the last quarter. AQR Capital Management LLC increased its holdings in Calix by 304.1% during the first 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Calix by 10.6% during the first 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 worth $6,249,000 after acquiring an additional 16,905 shares in the last quarter. Intech Investment Management LLC raised its position in Calix by 26.8% during the first quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock worth $1,167,000 after acquiring an additional 6,962 shares in the last quarter. Finally, Amundi lifted its stake in Calix by 16,478.0% in the second 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. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Stock Performance

Shares of CALX opened at $37.17 on Friday. Calix, Inc has a 52 week low of $34.26 and a 52 week high of $71.22. The firm has a market cap of $2.34 billion, a P/E ratio of 50.23 and a beta of 1.25. The firm’s 50-day simple moving average is $38.19 and its 200 day simple moving average is $42.94.

Calix (NYSE:CALX) last issued its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) 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 firm had revenue of $293.33 million during the quarter, compared to the consensus estimate of $289.96 million. During the same period last year, the business posted $0.33 earnings per share. The business’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, equities analysts forecast that Calix, Inc will post 0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

CALX has been the topic of several recent analyst reports. Rosenblatt Securities lowered 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. JPMorgan Chase & Co. reduced their price target on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Wall Street Zen downgraded Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a research note on Tuesday, July 21st. Finally, Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.86.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 75,000 shares of the company’s stock in a transaction 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 transaction, the director directly 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 sale 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. 17.44% of the stock is owned by company 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.