Hillsdale Investment Management Inc. Has $4.23 Million Stock Position in Calix, Inc $CALX

Hillsdale Investment Management Inc. boosted its position in shares of Calix, Inc (NYSE:CALX) by 25.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,340 shares of the communications equipment provider’s stock after purchasing an additional 17,390 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.14% of Calix worth $4,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Calix by 15.4% during the 1st quarter. Principal Financial Group Inc. now owns 395,333 shares of the communications equipment provider’s stock worth $19,367,000 after buying an additional 52,685 shares during the period. Fifth Third Bancorp lifted its holdings in Calix by 2,989.3% in the first quarter. Fifth Third Bancorp now owns 14,458 shares of the communications equipment provider’s stock valued at $708,000 after buying an additional 13,990 shares during the period. Hsbc Holdings PLC boosted its stake in Calix by 3.5% in the first quarter. Hsbc Holdings PLC now owns 19,140 shares of the communications equipment provider’s stock valued at $940,000 after acquiring an additional 647 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Calix in the first quarter valued at approximately $4,186,000. Finally, Y Intercept Hong Kong Ltd boosted its stake in Calix by 23.1% in the first quarter. Y Intercept Hong Kong Ltd now owns 72,286 shares of the communications equipment provider’s stock valued at $3,541,000 after acquiring an additional 13,542 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CALX has been the subject of several recent research reports. 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. Roth Capital restated a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price objective on shares of Calix in a research note on Wednesday, June 10th. Weiss Ratings downgraded Calix from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. cut their target price on Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Insider Activity

In other news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the sale, the director owned 1,644,188 shares of the company’s stock, 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 SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by company insiders.

Calix Stock Up 1.1%

Shares of NYSE CALX opened at $39.48 on Thursday. The company’s fifty day moving average is $38.89 and its 200-day moving average is $46.79. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 82.26 and a beta of 1.23. Calix, Inc has a twelve month low of $34.86 and a twelve month high of $71.22.

Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The business 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 firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, research analysts anticipate that Calix, Inc will post 0.85 EPS for the current fiscal year.

Calix declared that its board has authorized a stock buyback plan on Tuesday, April 21st that authorizes the company to repurchase $100.00 million in 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 leadership believes its shares are undervalued.

Trending Headlines about Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix announced that Tombigbee Fiber is expanding its use of the Calix One platform and Calix Agent Workforce Cloud to build secure agentic AI workflows, reinforcing product adoption and the company’s strategy around experience-led growth. Tombigbee Invests in Secure Agentic Workflows on Calix One…
• Neutral Sentiment: Multiple law firms issued reminders and deadline notices tied to an existing class-action lawsuit against Calix, with a lead-plaintiff deadline of July 27, 2026. These items are largely procedural, but they keep the litigation over alleged misleading margin disclosures in the news. Levi & Korsinsky reminder
• Neutral Sentiment: Additional firms, including Rosen, Pomerantz, Glancy Prongay, Portnoy, Faruqi, Gross, and others, published similar notices about the same securities case, adding no new facts but reinforcing the overhang from legal scrutiny. Rosen deadline notice

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.