Calix, Inc. (NYSE:CALX) Sees Significant Decline in Short Interest

Calix, Inc. (NYSE:CALX) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 1,970,000 shares, a decrease of 12.4% from the January 31st total of 2,250,000 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average trading volume of 606,300 shares, the short-interest ratio is presently 3.2 days.

Wall Street Analyst Weigh In

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

Calix Trading Down 2.7 %

Calix stock traded down $0.88 during mid-day trading on Friday, reaching $32.02. The company’s stock had a trading volume of 234,387 shares, compared to its average volume of 675,723. Calix has a twelve month low of $26.76 and a twelve month high of $42.50. The business has a 50 day moving average price of $38.07 and a 200-day moving average price of $36.60. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -71.07 and a beta of 1.78.

Calix (NYSE:CALX) last issued its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share 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 EPS for the current fiscal year.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction of $953,750.00. Following the transaction, the director now directly owns 2,164,188 shares of the company’s stock, valued at approximately $82,563,772.20. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 16.69% of the company’s stock.

Institutional Investors Weigh In On Calix

Several institutional investors have recently bought and sold shares of the stock. Millennium Management LLC raised its position in Calix by 77.8% in the fourth quarter. Millennium Management LLC now owns 2,031,212 shares of the communications equipment provider’s stock worth $70,828,000 after acquiring an additional 889,102 shares in the last quarter. Vanguard Group Inc. grew its position in Calix by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 7,977,769 shares of the communications equipment provider’s stock valued at $278,185,000 after purchasing an additional 412,982 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Calix by 711.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 436,036 shares of the communications equipment provider’s stock worth $15,205,000 after acquiring an additional 382,301 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Calix by 105.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 708,723 shares of the communications equipment provider’s stock valued at $24,713,000 after buying an additional 364,209 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Calix during the 4th quarter worth $11,518,000. Institutional investors and hedge funds 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.