Jupiter Topco LLC Buys Shares of 27,234 Calix, Inc $CALX

Jupiter Topco LLC acquired a new position in shares of Calix, Inc (NYSE:CALX) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 27,234 shares of the communications equipment provider’s stock, valued at approximately $1,016,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CALX. BlackRock Inc. acquired a new position in shares of Calix during the 2nd quarter worth approximately $439,461,000. State Street Corp grew its stake in Calix by 1.0% in the 4th quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock worth $125,072,000 after acquiring an additional 23,022 shares during the period. Geode Capital Management LLC raised its holdings in Calix by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock valued at $76,513,000 after acquiring an additional 74,235 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Calix by 4.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock valued at $86,515,000 after acquiring an additional 61,247 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Calix by 214.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after purchasing an additional 868,987 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Activity at Calix

In other news, Director Carl Russo sold 75,000 shares of Calix stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.20, for a total value of $2,715,000.00. Following the completion of the transaction, the director owned 1,569,188 shares in the company, valued at approximately $56,804,605.60. This trade represents a 4.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Price Performance

Shares of NYSE CALX opened at $36.02 on Friday. Calix, Inc has a 1-year low of $34.26 and a 1-year high of $71.22. The business has a 50-day moving average of $38.20 and a 200-day moving average of $42.89. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 48.68 and a beta of 1.25.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Research analysts expect that Calix, Inc will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CALX. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. JPMorgan Chase & Co. reduced their target price on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Roth Capital reissued a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a report on Tuesday, July 21st. Finally, Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.86.

Calix Company Profile

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.