Calix, Inc. (NYSE:CALX) Short Interest Update

Calix, Inc. (NYSE:CALX) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 2,490,000 shares, a drop of 8.1% from the September 15th total of 2,710,000 shares. Based on an average daily trading volume, of 559,500 shares, the short-interest ratio is currently 4.5 days. Approximately 4.3% of the company’s shares are short sold.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $37.56, for a total value of $939,000.00. Following the sale, the director now directly owns 3,723,381 shares of the company’s stock, valued at approximately $139,850,190.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Calix

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of Calix by 187.9% in the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 436 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Calix in the 1st quarter worth approximately $48,000. Hexagon Capital Partners LLC grew its position in shares of Calix by 29.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after acquiring an additional 318 shares in the last quarter. Ariadne Wealth Management LP acquired a new position in shares of Calix in the 2nd quarter worth approximately $60,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Calix by 13.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock worth $89,000 after acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Trading Up 0.8 %

NYSE CALX traded up $0.30 during mid-day trading on Wednesday, reaching $39.29. 359,515 shares of the company’s stock traded hands, compared to its average volume of 744,891. Calix has a 1-year low of $26.76 and a 1-year high of $45.53. The company has a fifty day simple moving average of $37.31 and a 200-day simple moving average of $34.78. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 126.74 and a beta of 1.74.

Calix (NYSE:CALX) last issued its quarterly earnings data on Monday, July 22nd. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Calix had a return on equity of 4.17% and a net margin of 0.52%. The firm had revenue of $198.14 million during the quarter, compared to analyst estimates of $200.77 million. During the same quarter last year, the firm earned $0.15 EPS. Calix’s quarterly revenue was down 24.1% on a year-over-year basis. Equities research analysts forecast that Calix will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CALX shares. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Tuesday, September 10th. Roth Mkm raised their price objective on Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Rosenblatt Securities reiterated a “buy” rating and set a $45.00 target price on shares of Calix in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised their target price on Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

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.