Calix (CALX) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of Calix (NYSE:CALX) from a hold rating to a buy rating in a research note issued to investors on Tuesday, November 14th.

A number of other equities research analysts have also commented on the company. ValuEngine upgraded Calix from a strong sell rating to a sell rating in a research report on Friday, September 1st. Zacks Investment Research lowered Calix from a hold rating to a sell rating in a research report on Monday, November 13th. Northland Securities set a $7.00 target price on Calix and gave the company a hold rating in a research report on Monday, August 7th. Finally, Jefferies Group reiterated a hold rating and set a $7.00 target price on shares of Calix in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Calix has a consensus rating of Hold and an average price target of $6.50.

Shares of Calix (NYSE CALX) traded up $0.15 during trading on Tuesday, reaching $6.75. 355,790 shares of the company’s stock were exchanged, compared to its average volume of 349,166. Calix has a fifty-two week low of $4.65 and a fifty-two week high of $8.10.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.04). The company had revenue of $128.80 million for the quarter, compared to analyst estimates of $127.92 million. Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. equities analysts predict that Calix will post -1.52 EPS for the current fiscal year.

In other news, CFO Cory Sindelar acquired 5,000 shares of Calix stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average cost of $6.70 per share, with a total value of $33,500.00. Following the purchase, the chief financial officer now owns 15,000 shares in the company, valued at $100,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 16.50% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of CALX. Divisar Capital Management LLC increased its stake in shares of Calix by 479.1% in the 2nd quarter. Divisar Capital Management LLC now owns 1,073,236 shares of the communications equipment provider’s stock worth $7,352,000 after acquiring an additional 887,915 shares during the last quarter. Lapides Asset Management LLC increased its position in shares of Calix by 11.0% during the 3rd quarter. Lapides Asset Management LLC now owns 3,248,000 shares of the communications equipment provider’s stock worth $16,402,000 after purchasing an additional 321,400 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Calix by 8.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,626,018 shares of the communications equipment provider’s stock worth $17,988,000 after purchasing an additional 214,418 shares during the last quarter. FMR LLC increased its position in shares of Calix by 120.3% during the 1st quarter. FMR LLC now owns 220,731 shares of the communications equipment provider’s stock worth $1,600,000 after purchasing an additional 120,531 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Calix by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,459,000 shares of the communications equipment provider’s stock worth $23,694,000 after purchasing an additional 115,818 shares during the last quarter. 67.08% of the stock is owned by institutional investors and hedge funds.

WARNING: “Calix (CALX) Upgraded to “Buy” at BidaskClub” was first reported by BBNS and is the property of of BBNS. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://baseballnewssource.com/markets/calix-inc-calx-upgraded-at-bidaskclub/1782532.html.

Calix Company Profile

Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

Receive News & Ratings for Calix Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calix Inc and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.