Calix (NYSE:CALX) Insider Sells $3,267,000.00 in Stock

Calix, Inc (NYSE:CALX) insider Shane Todd Marshall Eleniak sold 50,000 shares of Calix stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total transaction of $3,267,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Calix Price Performance

Shares of CALX traded down $2.82 during mid-day trading on Thursday, hitting $64.36. The company’s stock had a trading volume of 508,296 shares, compared to its average volume of 713,673. The firm has a 50-day moving average price of $61.43 and a 200 day moving average price of $53.89. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of -536.26 and a beta of 1.44. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $71.22.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on CALX. UBS Group reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Calix in a research note on Friday, October 31st. Wall Street Zen raised shares of Calix from a “hold” rating to a “strong-buy” rating in a research report on Saturday, July 26th. Zacks Research downgraded shares of Calix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Calix in a research report on Wednesday, October 8th. Finally, Craig Hallum reissued a “buy” rating and issued a $75.00 target price on shares of Calix in a research report on Friday, October 31st. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CALX. SouthState Corp boosted its holdings in shares of Calix by 10,000.0% during the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 500 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Calix during the 1st quarter worth $28,000. Raymond James Financial Inc. bought a new stake in shares of Calix during the 2nd quarter worth $30,000. Signaturefd LLC boosted its holdings in shares of Calix by 91.1% during the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider’s stock worth $36,000 after buying an additional 480 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Calix during the 2nd quarter worth $36,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.