Meeder Asset Management Inc. Makes New Investment in Calix, Inc $CALX

Meeder Asset Management Inc. bought a new position in shares of Calix, Inc (NYSE:CALX) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 19,934 shares of the communications equipment provider’s stock, valued at approximately $977,000.

Other institutional investors also recently modified their holdings of the company. 4D Advisors LLC acquired a new stake in shares of Calix during the fourth quarter worth about $6,087,000. GSA Capital Partners LLP lifted its holdings in shares of Calix by 167.0% during the 4th quarter. GSA Capital Partners LLP now owns 53,867 shares of the communications equipment provider’s stock valued at $2,851,000 after purchasing an additional 33,691 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 74,235 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Calix by 397,798.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 350,151 shares of the communications equipment provider’s stock valued at $18,533,000 after purchasing an additional 350,063 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of Calix by 129.7% in the 4th quarter. Intech Investment Management LLC now owns 101,074 shares of the communications equipment provider’s stock valued at $5,350,000 after purchasing an additional 57,065 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported second-quarter earnings of $0.47 per share, ahead of the $0.40 consensus estimate, and revenue of $293.33 million versus expectations of $289.96 million, signaling an operational beat that could support the stock. Article Title
• Positive Sentiment: The company also posted improved year-over-year profitability, with EPS up from $0.33 a year ago, which may reinforce the view that Calix is executing better than in the prior period. Article Title
• Neutral Sentiment: Calix issued third-quarter EPS guidance of $0.37 to $0.45 and revenue guidance of $301 million to $307 million, which was broadly in line with expectations but not meaningfully above them, limiting the upside from the earnings beat. Article Title
• Negative Sentiment: Multiple law firms issued reminders about a securities class action involving Calix and a July 27 lead-plaintiff deadline, keeping litigation risk in focus and potentially weighing on sentiment. Article Title
• Negative Sentiment: Additional lawsuit-related alerts from Schall, DJS, Rosen, and others suggest the legal overhang remains active, which may be contributing to the stock’s weakness today. Article Title

Calix Stock Performance

NYSE:CALX opened at $38.38 on Tuesday. The company has a market cap of $2.45 billion, a PE ratio of 79.96 and a beta of 1.23. Calix, Inc has a 52-week low of $34.86 and a 52-week high of $71.22. The stock has a 50-day simple moving average of $38.62 and a 200 day simple moving average of $46.48.

Calix (NYSE:CALX) last released its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Calix had a return on equity of 4.30% and a net margin of 3.20%.The firm had revenue of $293.33 million for the quarter, compared to analysts’ expectations of $289.96 million. During the same quarter in the previous year, the business posted $0.33 EPS. The business’s quarterly revenue was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, research analysts predict that Calix, Inc will post 0.83 earnings per share for the current fiscal year.

Calix announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, April 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $43.26, for a total value of $1,081,500.00. Following the sale, the director directly owned 1,644,188 shares in the company, valued at $71,127,572.88. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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

Several analysts have commented on CALX shares. Rosenblatt Securities restated a “buy” rating and set a $70.00 target price on shares of Calix in a report on Wednesday, June 10th. Northland Securities cut shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price target for the company. in a report on Wednesday, April 22nd. Needham & Company LLC lowered their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings downgraded shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Calix currently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

About Calix

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.