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

Shares of Calix, Inc. (NYSE:CALX) have earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $43.17.

Several brokerages recently commented on CALX. JPMorgan Chase & Co. lifted their target price on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Thursday, January 30th.

Institutional Trading of Calix

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Calix by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 7,977,769 shares of the communications equipment provider’s stock valued at $278,185,000 after acquiring an additional 412,982 shares in the last quarter. Millennium Management LLC boosted its position in shares of Calix by 77.8% during the 4th quarter. Millennium Management LLC now owns 2,031,212 shares of the communications equipment provider’s stock valued at $70,828,000 after acquiring an additional 889,102 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Calix by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,832,407 shares of the communications equipment provider’s stock valued at $63,897,000 after acquiring an additional 74,720 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of Calix by 30.1% during the 3rd quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock valued at $60,725,000 after acquiring an additional 361,805 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Calix by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,373,246 shares of the communications equipment provider’s stock valued at $47,885,000 after acquiring an additional 45,195 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Price Performance

Shares of CALX opened at $38.70 on Friday. The company has a market capitalization of $2.57 billion, a PE ratio of -85.99 and a beta of 1.70. Calix has a one year low of $26.76 and a one year high of $42.50. The company’s fifty day moving average price is $37.82 and its 200 day moving average price is $36.64.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. Analysts anticipate that Calix will post -0.43 earnings per share 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.