According to Zacks, “Calix is a global leader in access innovation. Its Unified Access portfolio of broadband communications access systems and software enables communications service providers worldwide to transform their networks and become the broadband provider of choice to their subscribers. “
Several other equities analysts have also issued reports on CALX. Morgan Stanley set a $9.00 target price on Calix and gave the stock a hold rating in a research report on Wednesday, August 3rd. TheStreet upgraded Calix from a sell rating to a hold rating in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $8.82.
Calix (NYSE:CALX) opened at 6.93 on Monday. The firm’s market cap is $338.06 million. The firm’s 50-day moving average price is $7.26 and its 200 day moving average price is $7.16. Calix has a one year low of $5.64 and a one year high of $9.07.
Calix (NYSE:CALX) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. The company earned $107.40 million during the quarter, compared to analyst estimates of $106.20 million. Calix had a negative return on equity of 4.88% and a negative net margin of 5.95%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. On average, equities research analysts forecast that Calix will post ($0.06) EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its stake in Calix by 25.7% in the second quarter. Ameriprise Financial Inc. now owns 3,325,466 shares of the company’s stock valued at $22,979,000 after buying an additional 679,219 shares during the last quarter. Lapides Asset Management LLC boosted its stake in Calix by 5.5% in the second quarter. Lapides Asset Management LLC now owns 2,798,000 shares of the company’s stock valued at $19,334,000 after buying an additional 146,800 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Calix by 46.1% in the second quarter. GSA Capital Partners LLP now owns 18,068 shares of the company’s stock valued at $125,000 after buying an additional 5,700 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Calix during the second quarter valued at approximately $966,000. Finally, Swiss National Bank boosted its stake in Calix by 6.2% in the second quarter. Swiss National Bank now owns 78,700 shares of the company’s stock valued at $544,000 after buying an additional 4,600 shares during the last quarter. Hedge funds and other institutional investors own 66.10% of the company’s stock.
Calix Company Profile
Calix, Inc is a provider of 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 a range of revenue-generating services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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