Jefferies Financial Group Inc. Sells 41,900 Shares of Calix, Inc $CALX

Jefferies Financial Group Inc. lessened its stake in shares of Calix, Inc (NYSE:CALX) by 64.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,900 shares of the communications equipment provider’s stock after selling 41,900 shares during the period. Jefferies Financial Group Inc.’s holdings in Calix were worth $1,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CALX. Vanguard Group Inc. raised its stake in Calix by 0.5% in the first quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider’s stock worth $284,065,000 after buying an additional 37,601 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Calix by 12.1% in the first quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider’s stock worth $88,927,000 after buying an additional 270,397 shares during the last quarter. Congress Asset Management Co. lifted its position in Calix by 2.9% during the 2nd quarter. Congress Asset Management Co. now owns 1,417,944 shares of the communications equipment provider’s stock worth $75,420,000 after acquiring an additional 39,447 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Calix by 14.5% during the second quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock worth $64,077,000 after purchasing an additional 152,469 shares during the period. Finally, Alyeska Investment Group L.P. lifted its stake in Calix by 26.3% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,032,292 shares of the communications equipment provider’s stock valued at $36,584,000 after acquiring an additional 215,028 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Carl Russo sold 420,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the completion of the transaction, the director directly owned 1,694,188 shares of the company’s stock, valued at approximately $108,580,508.92. This represents a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Cory Sindelar sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $65.30, for a total transaction of $3,265,000.00. Following the completion of the transaction, the chief financial officer owned 76,555 shares in the company, valued at $4,999,041.50. This represents a 39.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 530,000 shares of company stock worth $34,099,800 in the last 90 days. Corporate insiders own 16.90% of the company’s stock.

Calix Stock Performance

NYSE CALX opened at $55.75 on Thursday. Calix, Inc has a one year low of $28.60 and a one year high of $71.22. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of -464.50 and a beta of 1.44. The firm has a 50 day simple moving average of $60.71 and a 200-day simple moving average of $55.82.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CALX. JPMorgan Chase & Co. boosted their price objective on Calix from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Zacks Research upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Roth Capital set a $85.00 price target on Calix and gave the stock a “buy” rating in a research report on Thursday, October 30th. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price objective on shares of Calix in a report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Calix in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

Calix Company Profile

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.