27,234 Shares in Calix, Inc $CALX Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in Calix, Inc (NYSE:CALX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,234 shares of the communications equipment provider’s stock, valued at approximately $1,016,000.

A number of other institutional investors also recently added to or reduced their stakes in CALX. Farther Finance Advisors LLC increased its position in shares of Calix by 63.0% in the 4th 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. Raymond James Financial Inc. purchased a new position in Calix in the second quarter valued at $30,000. Harbor Investment Advisory LLC acquired a new stake in Calix in the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd lifted its holdings in Calix by 24,733.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock worth $39,000 after buying an additional 742 shares during the last quarter. Finally, Strive Financial Group LLC acquired a new position in shares of Calix during the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 75,000 shares of Calix 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 sale, the director owned 1,569,188 shares of the company’s stock, valued at approximately $56,804,605.60. The trade was a 4.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research note 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. Rosenblatt Securities cut their price objective on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Roth Capital restated a “buy” rating on shares of Calix in a research report on Tuesday, July 21st. Finally, Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.86.

Calix Price Performance

NYSE:CALX opened at $36.02 on Friday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 48.68 and a beta of 1.25. The firm’s fifty day moving average price is $38.20 and its 200 day moving average price is $42.89. Calix, Inc has a 1-year low of $34.26 and a 1-year high of $71.22.

Calix (NYSE:CALX) last released its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. The business’s revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. 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 fiscal year.

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.