BidaskClub upgraded shares of Calix, Inc (NYSE:CALX) from a hold rating to a buy rating in a research note published on Tuesday.
Other equities analysts also recently issued research reports about the stock. Northland Securities set a $7.00 price objective on shares of Calix and gave the stock a hold rating in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of Calix from a hold rating to a sell rating in a research note on Monday, November 13th. Jefferies Group LLC reissued a hold rating and issued a $7.00 price objective on shares of Calix in a research note on Friday, October 6th. Finally, ValuEngine raised shares of Calix from a strong sell rating to a sell rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Calix currently has a consensus rating of Hold and a consensus price target of $6.50.
Shares of Calix (NYSE:CALX) opened at $6.45 on Tuesday. Calix has a 12 month low of $4.65 and a 12 month high of $8.10.
Calix (NYSE:CALX) last announced 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 firm had revenue of $128.80 million during the quarter, compared to the consensus estimate of $127.92 million. Calix had a negative return on equity of 43.76% and a negative net margin of 16.19%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 EPS. equities research analysts predict that Calix will post -1.52 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in Calix in the third quarter valued at $119,000. American International Group Inc. boosted its holdings in Calix by 7.1% in the first quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock valued at $184,000 after purchasing an additional 1,676 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Calix by 15.5% in the second quarter. Voya Investment Management LLC now owns 27,603 shares of the communications equipment provider’s stock valued at $189,000 after purchasing an additional 3,696 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Calix by 2.7% in the second quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock valued at $192,000 after purchasing an additional 729 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Calix by 14.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,938 shares of the communications equipment provider’s stock valued at $210,000 after purchasing an additional 3,617 shares during the last quarter. 64.98% of the stock is currently owned by hedge funds and other institutional investors.
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.
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