Short Interest in Calix, Inc. (NYSE:CALX) Declines By 14.4%

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

Institutional Investors Weigh In On Calix

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted 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 buying an additional 436 shares during the period. Everence Capital Management Inc. bought a new position in shares of Calix in the 3rd quarter worth about $311,000. DekaBank Deutsche Girozentrale bought a new stake in Calix during the third quarter worth about $34,000. Diversify Wealth Management LLC grew its holdings in Calix by 19.3% in the third quarter. Diversify Wealth Management LLC now owns 10,066 shares of the communications equipment provider’s stock worth $373,000 after purchasing an additional 1,628 shares during the period. Finally, Congress Asset Management Co. increased its stake in shares of Calix by 30.1% during the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock valued at $60,725,000 after purchasing an additional 361,805 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Stock Down 2.1 %

NYSE CALX opened at $39.84 on Tuesday. The stock’s 50-day simple moving average is $37.47 and its two-hundred day simple moving average is $36.56. Calix has a twelve month low of $26.76 and a twelve month high of $42.50. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -88.53 and a beta of 1.70.

Calix (NYSE:CALX) last released 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 net margin of 3.58% and a negative return on equity of 3.43%. On average, equities analysts expect that Calix will post -0.43 earnings per share for the current fiscal 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.