Fox Run Management L.L.C. Buys 21,799 Shares of Calix, Inc $CALX

Fox Run Management L.L.C. increased its stake in Calix, Inc (NYSE:CALX) by 489.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,257 shares of the communications equipment provider’s stock after purchasing an additional 21,799 shares during the period. Fox Run Management L.L.C.’s holdings in Calix were worth $1,390,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Clearstead Advisors LLC raised its position in Calix by 139.3% in the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 255 shares during the last quarter. Farther Finance Advisors LLC raised its position in Calix by 63.0% in the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 213 shares during the last quarter. Raymond James Financial Inc. bought a new position in Calix in the 2nd quarter worth approximately $30,000. NewEdge Advisors LLC bought a new position in Calix in the 3rd quarter worth approximately $64,000. Finally, Smartleaf Asset Management LLC raised its position in Calix by 27.0% in the 2nd 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.

Calix Stock Performance

Shares of Calix stock opened at $37.15 on Tuesday. The firm has a fifty day moving average of $43.74 and a two-hundred day moving average of $49.97. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 77.40 and a beta of 1.23. Calix, Inc has a 52 week low of $36.83 and a 52 week high of $71.22.

Calix (NYSE:CALX) last issued its earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The company had revenue of $279.98 million during the quarter, compared to analysts’ expectations of $277.50 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, research analysts forecast that Calix, Inc will post 0.85 EPS for the current fiscal year.

Calix announced that its board has approved a share buyback plan on Tuesday, April 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the communications equipment provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Calix

In related news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 1,644,188 shares in the company, valued at $71,127,572.88. This represents a 1.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Calix

Here are the key news stories impacting Calix this week:

• Negative Sentiment: Multiple law firms, including Rosen, Schall, DJS, Bronstein Gewirtz Grossman, and Levi & Korsinsky, reiterated class action claims against Calix and urged investors who bought shares during the alleged class period to seek lead-plaintiff status by July 27, 2026. Article Title
• Negative Sentiment: The filings increase legal and reputational risk for Calix by highlighting allegations of investor harm tied to the company’s disclosures, which can create uncertainty around potential settlements or further litigation costs. Article Title
• Neutral Sentiment: A separate article asked whether Calix is a “good stock to buy now,” but it did not provide a clear catalyst or materially new operating update. Article Title

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Calix from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Roth Mkm reiterated a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Zacks Research upgraded shares of Calix from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Needham & Company LLC dropped their target price 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. Finally, Weiss Ratings upgraded shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Calix 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.