Calix, Inc. (NYSE:CALX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Calix, Inc. (NYSE:CALX) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $42.50.

CALX has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 target price on shares of Calix in a report on Thursday, October 3rd. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Tuesday, October 29th.

Calix Price Performance

Shares of CALX opened at $33.90 on Friday. The firm has a market cap of $2.25 billion, a PE ratio of -141.25 and a beta of 1.70. Calix has a 1 year low of $26.76 and a 1 year high of $45.15. The stock’s fifty day moving average price is $34.10 and its two-hundred day moving average price is $35.87.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted 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 worth $26,000 after purchasing an additional 436 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Calix in the 3rd quarter worth approximately $34,000. Arcadia Investment Management Corp MI purchased a new stake in Calix in the third quarter worth approximately $39,000. Avior Wealth Management LLC grew its position 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 valued at $46,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its stake in shares of Calix by 29.8% during 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 in the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Company Profile

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.