Calix (NYSE:CALX) Upgraded at StockNews.com

Calix (NYSE:CALX) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other analysts have also weighed in on CALX. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Calix in a research note on Tuesday, September 10th. JPMorgan Chase & Co. increased their price objective on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Craig Hallum lifted their price objective on shares of Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Roth Mkm boosted their target price on shares of Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $45.00 price target on shares of Calix in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Calix currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Calix Stock Down 1.7 %

Shares of CALX opened at $37.07 on Tuesday. The company has a market cap of $2.43 billion, a P/E ratio of 119.58 and a beta of 1.74. Calix has a fifty-two week low of $26.76 and a fifty-two week high of $46.29. The firm’s 50 day moving average price is $37.37 and its 200 day moving average price is $34.55.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, July 22nd. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $198.14 million for the quarter, compared to analyst estimates of $200.77 million. Calix had a return on equity of 4.17% and a net margin of 0.52%. The company’s revenue was down 24.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. Research analysts forecast that Calix will post -0.36 earnings per share for the current year.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $37.56, for a total value of $939,000.00. Following the completion of the transaction, the director now owns 3,723,381 shares in the company, valued at $139,850,190.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.69% of the stock is owned by company insiders.

Institutional Investors Weigh In On Calix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Calix by 187.9% in the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 436 shares during the period. Headlands Technologies LLC acquired a new position in Calix in the first quarter valued at $48,000. Ariadne Wealth Management LP acquired a new position in Calix in the second quarter valued at $60,000. Nisa Investment Advisors LLC raised its holdings in shares of Calix by 13.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock valued at $89,000 after buying an additional 303 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its stake in shares of Calix by 8,924.4% during the first quarter. EntryPoint Capital LLC now owns 3,700 shares of the communications equipment provider’s stock worth $123,000 after buying an additional 3,659 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.