Calix (NYSE:CALX – Free Report) had its price target increased by Craig Hallum from $41.00 to $50.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.
Other analysts have also issued reports about the stock. Needham & Company LLC reissued a buy rating and set a $45.00 target price on shares of Calix in a research note on Tuesday, July 23rd. Roth Mkm increased their target price on shares of Calix from $43.00 to $44.00 and gave the company a buy rating in a research note on Tuesday, July 23rd. StockNews.com lowered shares of Calix from a hold rating to a sell rating in a research note on Friday, May 10th. JPMorgan Chase & Co. increased their target price on shares of Calix from $28.00 to $41.00 and gave the company a neutral rating in a research note on Monday, July 22nd. Finally, Rosenblatt Securities increased their target price on shares of Calix from $35.00 to $45.00 and gave the company a buy rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $42.50.
View Our Latest Stock Analysis on CALX
Calix Trading Up 5.7 %
Calix (NYSE:CALX – Get Free Report) last issued its quarterly earnings results 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 company had revenue of $198.14 million during the quarter, compared to analyst estimates of $200.77 million. Calix had a net margin of 0.52% and a return on equity of 4.17%. The business’s revenue for the quarter was down 24.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. Equities research analysts forecast that Calix will post -0.36 EPS for the current year.
Institutional Investors Weigh In On Calix
Several hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. lifted its position in shares of Calix by 57.8% in the 2nd quarter. Baillie Gifford & Co. now owns 14,972 shares of the communications equipment provider’s stock valued at $530,000 after acquiring an additional 5,487 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Calix by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the communications equipment provider’s stock valued at $1,038,000 after buying an additional 300 shares during the period. Nisa Investment Advisors LLC increased its stake in Calix by 13.7% in the 2nd 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 period. Portside Wealth Group LLC increased its stake in Calix by 4.4% in the 2nd quarter. Portside Wealth Group LLC now owns 7,214 shares of the communications equipment provider’s stock valued at $256,000 after buying an additional 301 shares during the period. Finally, Diversified Trust Co increased its stake in Calix by 11.4% in the 2nd quarter. Diversified Trust Co now owns 10,033 shares of the communications equipment provider’s stock valued at $355,000 after buying an additional 1,026 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.
Recommended Stories
- Five stocks we like better than Calix
- NYSE Stocks Give Investors a Variety of Quality Options
- Why Call Options Volume for These 2 Stocks Spiked Together
- What does consumer price index measure?
- MarketBeat Week in Review – 7/22 – 7/26
- How to Calculate Stock Profit
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
Receive News & Ratings for Calix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calix and related companies with MarketBeat.com's FREE daily email newsletter.