GAMMA Investing LLC Purchases 802 Shares of Calix, Inc $CALX

GAMMA Investing LLC raised its position in Calix, Inc (NYSE:CALX) by 119.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,472 shares of the communications equipment provider’s stock after purchasing an additional 802 shares during the period. GAMMA Investing LLC’s holdings in Calix were worth $78,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Calix in the first quarter valued at about $28,000. Signaturefd LLC raised its holdings in shares of Calix by 91.1% in the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider’s stock worth $36,000 after purchasing an additional 480 shares during the period. Quarry LP lifted its stake in Calix by 1,704.0% in the first 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. US Bancorp DE grew its holdings in Calix by 37.1% during the first quarter. US Bancorp DE now owns 7,372 shares of the communications equipment provider’s stock valued at $261,000 after purchasing an additional 1,996 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Calix in the 1st quarter worth about $292,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Stock Performance

Shares of NYSE:CALX opened at $60.97 on Friday. The firm has a market capitalization of $3.98 billion, a PE ratio of -152.42 and a beta of 1.32. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $64.30. The firm has a fifty day moving average of $59.41 and a 200 day moving average of $49.14.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.41. The firm had revenue of $241.90 million during the quarter, compared to analyst estimates of $223.81 million. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, sell-side analysts forecast that Calix, Inc will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on CALX shares. Wolfe Research began coverage on shares of Calix in a research report on Monday, July 7th. They set a “peer perform” rating for the company. Rosenblatt Securities increased their target price on Calix from $56.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Zacks Research lowered Calix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Roth Capital boosted their price objective on Calix from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, JPMorgan Chase & Co. raised their target price on Calix from $38.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $64.00.

Insider Activity at Calix

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 76,555 shares in the company, valued at $4,593,300. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $55.40, for a total value of $1,385,000.00. Following the completion of the transaction, the director owned 2,114,188 shares in the company, valued at approximately $117,126,015.20. This represents a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $2,545,000 over the last three months. 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.