Cory Sindelar Sells 50,000 Shares of Calix (NYSE:CALX) Stock

Calix, Inc (NYSE:CALX) CFO Cory Sindelar sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $65.30, for a total value of $3,265,000.00. Following the completion of the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,999,041.50. The trade was a 39.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cory Sindelar also recently made the following trade(s):

• On Thursday, October 30th, Cory Sindelar sold 10,000 shares of Calix stock. The shares were sold at an average price of $65.00, for a total value of $650,000.00.
• On Thursday, August 28th, Cory Sindelar sold 10,000 shares of Calix stock. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00.

Calix Stock Down 1.8%

Shares of CALX opened at $62.95 on Wednesday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of -524.51 and a beta of 1.44. The company’s fifty day moving average is $61.76 and its 200-day moving average is $54.76. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $71.22.

Calix (NYSE:CALX) last issued its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. Calix had a negative net margin of 0.78% and a negative return on equity of 0.70%. The firm had revenue of $265.44 million during the quarter, compared to analysts’ expectations of $246.21 million. During the same period in the prior year, the company posted $0.13 earnings per share. Calix’s revenue for the quarter was up 32.1% on a year-over-year basis. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. As a group, research analysts predict that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CALX. Roth Capital set a $85.00 target price on Calix and gave the stock a “buy” rating in a report on Thursday, October 30th. Rosenblatt Securities boosted their price objective on shares of Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Needham & Company LLC raised their target price on shares of Calix from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Finally, Zacks Research upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Calix has an average rating of “Moderate Buy” and an average price target of $79.50.

Institutional Trading of Calix

Several institutional investors have recently made changes to their positions in the business. CWM LLC raised its stake in Calix by 12.9% during the third quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock worth $92,000 after acquiring an additional 172 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Calix by 12.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock worth $102,000 after purchasing an additional 190 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Calix by 4.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 190 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Calix by 1.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock worth $822,000 after purchasing an additional 200 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in Calix by 139.3% during the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 255 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

About Calix

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.