Prudential Financial Inc. Acquires 122,649 Shares of Calix, Inc $CALX

Prudential Financial Inc. boosted its holdings in Calix, Inc (NYSE:CALX) by 211.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,693 shares of the communications equipment provider’s stock after purchasing an additional 122,649 shares during the quarter. Prudential Financial Inc. owned approximately 0.28% of Calix worth $9,611,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CALX. SouthState Corp raised its position in shares of Calix by 10,000.0% during the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 500 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Calix in the 1st quarter valued at $28,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Calix in the 2nd quarter worth $36,000. Quarry LP boosted its holdings in shares of Calix by 1,704.0% during the 1st quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock valued at $48,000 after purchasing an additional 1,278 shares during the last quarter. Finally, CWM LLC grew its position in shares of Calix by 112.6% during the second quarter. CWM LLC now owns 1,335 shares of the communications equipment provider’s stock valued at $71,000 after purchasing an additional 707 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CALX has been the topic of a number of research analyst reports. Rosenblatt Securities boosted their target price on Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Calix in a research note on Monday. Roth Capital set a $85.00 price objective on Calix and gave the stock a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Calix from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Zacks Research upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One 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 MarketBeat.com, Calix has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Calix Stock Performance

Shares of Calix stock opened at $55.27 on Friday. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -460.54 and a beta of 1.44. The stock has a 50 day moving average price of $60.39 and a 200-day moving average price of $55.89. Calix, Inc has a one year low of $28.60 and a one year high of $71.22.

Calix (NYSE:CALX) last issued its quarterly earnings results 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 return on equity of 0.70% and a negative net margin of 0.78%.The company had revenue of $265.44 million during the quarter, compared to the consensus estimate of $246.21 million. During the same period last year, the company earned $0.13 earnings per share. Calix’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. Sell-side analysts predict that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Insider Activity at Calix

In other news, insider Shane Todd Marshall Eleniak sold 50,000 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carl Russo sold 420,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total value of $26,917,800.00. Following the completion of the sale, the director owned 1,694,188 shares in the company, valued at approximately $108,580,508.92. The trade was a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 530,000 shares of company stock worth $34,099,800. Insiders own 16.90% of the company’s stock.

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.