Formula Growth Ltd. Purchases New Holdings in Calix, Inc $CALX

Formula Growth Ltd. acquired a new position in Calix, Inc (NYSE:CALX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 115,000 shares of the communications equipment provider’s stock, valued at approximately $4,292,000. Calix accounts for 1.5% of Formula Growth Ltd.’s investment portfolio, making the stock its 11th largest position. Formula Growth Ltd. owned about 0.18% of Calix at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CALX. Farther Finance Advisors LLC raised its stake in Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 213 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Calix by 27.0% in the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after buying an additional 265 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of Calix by 3.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock worth $466,000 after buying an additional 270 shares during the period. Vident Advisory LLC grew its holdings in shares of Calix by 2.8% during the fourth quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock valued at $559,000 after buying an additional 287 shares in the last quarter. Finally, Strs Ohio grew its holdings in shares of Calix by 1.5% during the first quarter. Strs Ohio now owns 20,600 shares of the communications equipment provider’s stock valued at $1,009,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 75,000 shares of Calix stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the completion of the sale, the director directly owned 1,569,188 shares in the company, valued at $56,804,605.60. The trade was a 4.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CALX has been the subject of several research analyst reports. Wall Street Zen downgraded Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Roth Capital reaffirmed a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Weiss Ratings raised Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Calix has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Calix Trading Down 1.9%

NYSE CALX opened at $37.63 on Friday. Calix, Inc has a 1-year low of $34.26 and a 1-year high of $71.22. The firm’s fifty day simple moving average is $38.10 and its 200-day simple moving average is $43.50. The company has a market capitalization of $2.37 billion, a PE ratio of 50.85 and a beta of 1.24.

Calix (NYSE:CALX) last released 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. Calix had a return on equity of 6.17% and a net margin of 4.61%.The firm had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $289.96 million. During the same quarter last year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, analysts predict that Calix, Inc will post 0.89 EPS for the current year.

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.