Calix (NYSE:CALX) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Calix (NYSE:CALX – Get Rating) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the communications equipment provider’s stock.

Several other research analysts have also recently commented on CALX. Loop Capital boosted their target price on Calix from $83.00 to $88.00 and gave the stock a buy rating in a research note on Friday, January 27th. Rosenblatt Securities lowered their target price on Calix from $85.00 to $75.00 and set a buy rating for the company in a research note on Monday, February 6th. Needham & Company LLC boosted their target price on Calix from $82.00 to $88.00 and gave the stock a buy rating in a research note on Thursday, December 22nd. TheStreet downgraded Calix from a b- rating to a c+ rating in a report on Monday, January 30th. Finally, Cowen decreased their price target on Calix from $90.00 to $78.00 in a report on Friday, January 27th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $80.22.

Calix Price Performance

CALX opened at $51.33 on Thursday. Calix has a 12 month low of $31.59 and a 12 month high of $77.44. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 87.00 and a beta of 1.55. The business has a fifty day moving average price of $54.13 and a 200 day moving average price of $61.20.

Insiders Place Their Bets

In other news, insider John Matthew Collins sold 5,000 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $54.48, for a total value of $272,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.64% of the stock is owned by company insiders.

Institutional Trading of Calix

Institutional investors and hedge funds have recently made changes to their positions in the company. Counterpoint Mutual Funds LLC purchased a new stake in shares of Calix in the 3rd quarter valued at about $122,000. New York State Common Retirement Fund lifted its holdings in shares of Calix by 132.8% in the 3rd quarter. New York State Common Retirement Fund now owns 137,371 shares of the communications equipment provider’s stock valued at $8,399,000 after purchasing an additional 78,353 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Calix by 19.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,178 shares of the communications equipment provider’s stock valued at $500,000 after purchasing an additional 1,308 shares during the last quarter. Creative Planning purchased a new stake in Calix during the 3rd quarter valued at approximately $240,000. Finally, Great West Life Assurance Co. Can purchased a new stake in Calix during the 3rd quarter valued at approximately $2,053,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

About Calix

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Calix, Inc provides cloud and software platforms, systems and services required to realize the unified access network. The firm offers broadband communications access systems and software for fiber and copper-based network architectures that enable communications service providers to transform their networks and connect to their residential and business subscribers.