Calix, Inc. (NYSE:CALX) Given Average Recommendation of “Moderate Buy” by Analysts

Calix, Inc. (NYSE:CALX) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $43.17.

CALX has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Calix in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday. Finally, StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th.

Calix Stock Down 0.3 %

Shares of NYSE CALX opened at $39.55 on Tuesday. Calix has a twelve month low of $26.76 and a twelve month high of $41.97. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -87.88 and a beta of 1.68. The company’s fifty day moving average is $35.89 and its 200-day moving average is $36.32.

Calix (NYSE:CALX) last posted its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that Calix will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Calix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings 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 valued at $26,000 after buying an additional 436 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Calix during the third quarter worth $34,000. Arcadia Investment Management Corp MI bought a new stake in Calix during the third quarter worth $39,000. Avior Wealth Management LLC grew its position in shares of Calix by 998.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 1,078 shares during the period. Finally, 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 valued at $54,000 after acquiring an additional 318 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.