Calix, Inc. (NYSE:CALX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Calix, Inc. (NYSE:CALX) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $43.17.

CALX has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, January 31st.

Insider Activity at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total value of $953,750.00. Following the completion of the transaction, the director now owns 2,164,188 shares in the company, valued at approximately $82,563,772.20. This represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Calix

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Calix by 367.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 640 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Calix in the third quarter worth $34,000. Arcadia Investment Management Corp MI bought a new position in Calix in the third quarter worth $39,000. Avior Wealth Management LLC raised its holdings in Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Calix by 29.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock valued at $54,000 after acquiring an additional 358 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Stock Performance

NYSE:CALX opened at $36.97 on Friday. The firm has a market cap of $2.45 billion, a PE ratio of -82.15 and a beta of 1.70. Calix has a fifty-two week low of $26.76 and a fifty-two week high of $42.50. The business has a 50 day moving average price of $38.06 and a 200-day moving average price of $36.65.

Calix (NYSE:CALX) last released its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. Research analysts predict that Calix will post -0.43 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.