Renaissance Technologies LLC Purchases 79,800 Shares of Calix, Inc $CALX

Renaissance Technologies LLC raised its holdings in shares of Calix, Inc (NYSE:CALX) by 17.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 543,418 shares of the communications equipment provider’s stock after buying an additional 79,800 shares during the period. Renaissance Technologies LLC’s holdings in Calix were worth $26,622,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Farther Finance Advisors LLC raised its holdings in shares of Calix by 63.0% in the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after buying an additional 213 shares during the period. Raymond James Financial Inc. bought a new position in Calix in the 2nd quarter valued at $30,000. Caitong International Asset Management Co. Ltd grew its position in Calix by 24,733.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock valued at $39,000 after acquiring an additional 742 shares during the last quarter. Strive Financial Group LLC purchased a new stake in Calix in the fourth quarter worth $40,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Calix by 27.0% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after purchasing an additional 265 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

CALX has been the subject of a number of recent analyst reports. Roth Capital reissued a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Rosenblatt Securities lowered their price objective on shares of Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their target price on shares of Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Needham & Company LLC reduced their target price on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Calix Stock Performance

NYSE CALX opened at $35.50 on Thursday. Calix, Inc has a one year low of $34.26 and a one year high of $71.22. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 47.98 and a beta of 1.23. The company’s 50-day simple moving average is $38.11 and its two-hundred day simple moving average is $45.64.

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. The firm had revenue of $293.33 million for the quarter, compared to the consensus estimate of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. The company’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Equities analysts expect that Calix, Inc will post 0.89 earnings per share for the current fiscal year.

Calix declared that its board has initiated a stock repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Calix

In other news, Director Carl Russo sold 75,000 shares of Calix stock in a transaction 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 transaction, the director directly 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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

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.