Rockefeller Capital Management L.P. Sells 184,689 Shares of Calix, Inc $CALX

Rockefeller Capital Management L.P. lessened its stake in Calix, Inc (NYSE:CALX) by 43.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 238,035 shares of the communications equipment provider’s stock after selling 184,689 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Calix were worth $12,599,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Clearstead Advisors LLC lifted its position in shares of Calix by 139.3% during the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 255 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 buying an additional 213 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Calix in the 2nd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd grew its position in shares of Calix by 24,733.3% in 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 bought a new position in shares of Calix during the 4th quarter worth approximately $40,000. 98.14% of the stock is currently owned by institutional investors.

Calix Stock Up 0.3%

Shares of Calix stock opened at $36.46 on Thursday. The firm has a market capitalization of $2.33 billion, a P/E ratio of 75.96 and a beta of 1.23. The company has a 50 day moving average price of $41.22 and a 200 day moving average price of $48.55. Calix, Inc has a 52 week low of $35.87 and a 52 week high of $71.22.

Calix (NYSE:CALX) last released its earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $279.98 million during the quarter, compared to analysts’ expectations of $277.50 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. Calix’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, research analysts anticipate that Calix, Inc will post 0.85 earnings per share for the current fiscal year.

Calix announced that its Board of Directors has approved a share buyback program on Tuesday, April 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix launched new SmartMDU capabilities on its AI-native Calix One platform, aimed at helping service providers better manage multi-dwelling units and deliver more reliable, secure connectivity. The release also highlights demand for premium connectivity, which could support growth prospects. Article Title
• Neutral Sentiment: Several law firms issued investor alerts and deadline reminders regarding the newly filed Calix securities class action, increasing awareness of the case but adding little new information beyond the pending lawsuit and July 27 lead-plaintiff deadline. Article Title
• Negative Sentiment: A securities class action has been filed against Calix and certain officers, with firms alleging investor harm over the same class period. This kind of litigation can create overhang on the stock until the allegations are resolved. Article Title
• Negative Sentiment: Multiple firms reiterated that investors who bought Calix shares during the class period may seek compensation, reinforcing legal uncertainty and potential downside sentiment around the stock. Article Title

Analyst Ratings Changes

A number of research firms recently commented on CALX. Weiss Ratings raised shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Northland Securities lowered Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price objective for the company. in a report on Wednesday, April 22nd. Needham & Company LLC lowered their price objective on Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, Wall Street Zen upgraded Calix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Insider Activity at Calix

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the completion of the sale, the director directly owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

About Calix

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.