Brokerages Set Calix, Inc. (NYSE:CALX) Price Target at $43.17

Shares of Calix, Inc. (NYSE:CALX) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $43.17.

A number of brokerages have recently commented on CALX. JPMorgan Chase & Co. lifted their target price on shares of Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Thursday, January 30th.

Insider Activity

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total transaction of $953,750.00. Following the completion of the transaction, the director now owns 2,164,188 shares in the company, valued at approximately $82,563,772.20. This represents a 1.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.69% of the company’s stock.

Hedge Funds Weigh In On Calix

A number of large investors have recently bought and sold shares of the company. Polar Asset Management Partners Inc. raised its position in Calix by 8.4% during the 4th quarter. Polar Asset Management Partners Inc. now owns 607,500 shares of the communications equipment provider’s stock worth $21,184,000 after buying an additional 47,200 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Calix by 159.3% during the 4th quarter. Mackenzie Financial Corp now owns 23,710 shares of the communications equipment provider’s stock worth $827,000 after purchasing an additional 14,567 shares during the period. North Star Asset Management Inc. grew its stake in shares of Calix by 3.0% during the 4th quarter. North Star Asset Management Inc. now owns 92,390 shares of the communications equipment provider’s stock worth $3,222,000 after purchasing an additional 2,727 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Calix during the 4th quarter worth $300,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Calix by 23.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,423 shares of the communications equipment provider’s stock worth $5,559,000 after purchasing an additional 29,815 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Trading Up 0.8 %

CALX stock opened at $35.97 on Wednesday. Calix has a twelve month low of $26.76 and a twelve month high of $42.50. The company’s 50 day moving average is $37.41 and its two-hundred day moving average is $36.26. The stock has a market cap of $2.40 billion, a P/E ratio of -79.94 and a beta of 1.78.

Calix (NYSE:CALX) last released its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. On average, equities research analysts predict that Calix will post -0.43 earnings per share for the current year.

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.