Meeder Asset Management Inc. Buys New Shares in Calix, Inc $CALX

Meeder Asset Management Inc. bought a new position in shares of Calix, Inc (NYSE:CALX) during the 1st quarter, Holdings Channel reports. The institutional investor bought 19,934 shares of the communications equipment provider’s stock, valued at approximately $977,000.

Several other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of Calix by 11.0% during the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock worth $993,000 after purchasing an additional 2,773 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Calix by 304.1% in the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $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 grew its stake in shares of Calix by 10.6% in 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 valued at $6,249,000 after buying an additional 16,905 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Calix by 26.8% in the first quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after buying an additional 6,962 shares in the last quarter. Finally, Amundi increased its holdings in Calix by 16,478.0% during the second quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock worth $518,000 after buying an additional 9,722 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Calix

In related news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $43.26, for a total value of $1,081,500.00. Following the transaction, the director owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. This represents a 1.50% decrease in their position. The sale was disclosed in a filing 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. Insiders own 17.44% of the company’s stock.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported second-quarter earnings of $0.47 per share, ahead of the $0.40 consensus estimate, and revenue of $293.33 million versus expectations of $289.96 million, signaling an operational beat that could support the stock. Article Title
• Positive Sentiment: The company also posted improved year-over-year profitability, with EPS up from $0.33 a year ago, which may reinforce the view that Calix is executing better than in the prior period. Article Title
• Neutral Sentiment: Calix issued third-quarter EPS guidance of $0.37 to $0.45 and revenue guidance of $301 million to $307 million, which was broadly in line with expectations but not meaningfully above them, limiting the upside from the earnings beat. Article Title
• Negative Sentiment: Multiple law firms issued reminders about a securities class action involving Calix and a July 27 lead-plaintiff deadline, keeping litigation risk in focus and potentially weighing on sentiment. Article Title
• Negative Sentiment: Additional lawsuit-related alerts from Schall, DJS, Rosen, and others suggest the legal overhang remains active, which may be contributing to the stock’s weakness today. Article Title

Calix Price Performance

CALX stock opened at $38.38 on Tuesday. The company has a fifty day moving average price of $38.62 and a two-hundred day moving average price of $46.48. Calix, Inc has a one year low of $34.86 and a one year high of $71.22. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 79.96 and a beta of 1.23.

Calix (NYSE:CALX) last released its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $293.33 million for the quarter, compared to the consensus estimate of $289.96 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. The company’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Research analysts anticipate that Calix, Inc will post 0.83 EPS for the current fiscal year.

Calix announced that its Board of Directors has initiated a share repurchase 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 buy up to 3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Roth Capital reissued a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Needham & Company LLC lowered their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. JPMorgan Chase & Co. dropped their target price on shares of Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Calix currently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

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.