Calix, Inc. (NYSE:CALX) Short Interest Down 14.4% in January

Calix, Inc. (NYSE:CALX) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,250,000 shares, a decrease of 14.4% from the January 15th total of 2,630,000 shares. Based on an average daily volume of 762,100 shares, the short-interest ratio is currently 3.0 days. Approximately 3.8% of the shares of the company are short sold.

Institutional Trading of Calix

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its position in shares of Calix by 29.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock worth $54,000 after purchasing an additional 358 shares in the last quarter. GAMMA Investing LLC boosted its position 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. Summit Investment Advisors Inc. grew its stake in Calix by 8.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider’s stock valued at $217,000 after purchasing an additional 465 shares in the last quarter. Atria Investments Inc increased its position in Calix by 7.1% in the 4th quarter. Atria Investments Inc now owns 7,120 shares of the communications equipment provider’s stock worth $248,000 after purchasing an additional 469 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Calix by 16.7% during the 3rd quarter. Assetmark Inc. now owns 3,381 shares of the communications equipment provider’s stock worth $131,000 after purchasing an additional 485 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Stock Performance

Shares of CALX stock opened at $39.84 on Tuesday. The stock has a market cap of $2.64 billion, a PE ratio of -88.53 and a beta of 1.70. The business’s fifty day moving average is $37.47 and its 200-day moving average is $36.56. Calix has a 1 year low of $26.76 and a 1 year high of $42.50.

Calix (NYSE:CALX) last issued its quarterly 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%. Equities research analysts predict that Calix will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CALX. JPMorgan Chase & Co. boosted their price target on Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.17.

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.