Calix (CALX) Insider Carl Russo Buys 15,999 Shares

Russo's Latest Purchase

Carl Russo bought 15,999 shares of Calix, Inc. (NYSE: CALX) on June 29, 2026. The transaction adds to his existing stake in the company, which is notable in the technology sector focused on providing cloud and software platforms. The shares were purchased at a price of $37.32 each, reflecting his commitment to the business.

Stock Performance Insights

Calix's stock was trading at $37.32 on June 29, 2026. This price is significantly lower than its 52-week high of $71.22. It indicates that Russo's purchase comes during a moment when the stock is below that peak, which could suggest an opportunity for buying. With a market capitalization around $2.23 billion, the company operates in a competitive space.

Analysts Set New Price Targets

On July 23, 2026, Rosenblatt maintained a 'Buy' rating for Calix with a price target of $55. Just a day earlier, JP Morgan also kept an 'Overweight' rating but lowered its price target to $58 from $65. Meanwhile, Northland Capital Markets upgraded its rating to 'Outperform' on July 21, 2026, with a price target of $52. Analysts generally view Calix favorably, encouraging investors to consider its growth potential.

What Calix, Inc. Does

Calix, Inc. focuses on providing cloud and software solutions for broadband service providers. Its products and services help these providers enhance customer experiences and operate efficiently. Russo’s purchase could signal his confidence in the company's potential as it navigates a dynamic market environment.

What's Ahead for Calix, Inc.

Investors will be watching closely for Calix's next earnings report set for October 26, 2026. Russo's trade reflects his position as of June 29 and may not represent current holdings. As 13F filings are backward-looking, they provide a snapshot of investor strategies that may have shifted since then.