Truvestments Capital LLC Makes New Investment in Calix, Inc. (NYSE:CALX)

Truvestments Capital LLC bought a new position in Calix, Inc. (NYSE:CALX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,969 shares of the communications equipment provider’s stock, valued at approximately $76,000.

Several other institutional investors and hedge funds have also made changes to their positions in CALX. GAMMA Investing LLC increased its stake in Calix by 187.9% during the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 436 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Calix in the 3rd quarter worth about $34,000. Arcadia Investment Management Corp MI bought a new stake in shares of Calix during the 3rd quarter valued at about $39,000. Avior Wealth Management LLC raised its stake in Calix by 998.1% during the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 1,078 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in Calix by 29.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after acquiring an additional 318 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CALX has been the topic of a number of research reports. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Calix in a research report on Tuesday, October 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 target price on shares of Calix in a research note on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Calix presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Calix Price Performance

CALX opened at $32.30 on Wednesday. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $45.15. The stock’s 50 day moving average price is $36.22 and its 200 day moving average price is $35.76. The stock has a market cap of $2.14 billion, a P/E ratio of -134.58 and a beta of 1.75.

Calix (NYSE:CALX) last issued its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $200.95 million for the quarter, compared to analysts’ expectations of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The company’s revenue was down 23.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share. Equities analysts anticipate that Calix, Inc. will post -0.34 EPS for the current year.

About Calix

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.