Shares of Calix Inc. (NYSE:CALX) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $8.40.
Several research firms have recently weighed in on CALX. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. TheStreet raised Calix from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Finally, Morgan Stanley set a $9.00 target price on Calix and gave the company a “hold” rating in a report on Wednesday, August 3rd.
Shares of Calix (NYSE:CALX) traded down 2.902% during mid-day trading on Monday, reaching $6.525. The company’s stock had a trading volume of 66,461 shares. The company’s 50 day moving average price is $7.21 and its 200-day moving average price is $7.16. Calix has a 1-year low of $5.64 and a 1-year high of $9.07. The company’s market capitalization is $318.30 million.
Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. The company earned $107.40 million during the quarter, compared to the consensus estimate of $106.20 million. Calix had a negative return on equity of 4.88% and a negative net margin of 5.95%. Calix’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. Analysts predict that Calix will post ($0.06) earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Calix by 0.3% in the first quarter. Royal Bank of Canada now owns 60,394 shares of the company’s stock valued at $428,000 after buying an additional 196 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Calix by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 133,350 shares of the company’s stock valued at $922,000 after buying an additional 2,352 shares in the last quarter. Swiss National Bank increased 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 in the last quarter. BlackRock Investment Management LLC increased its stake in Calix by 2.9% in the second quarter. BlackRock Investment Management LLC now owns 175,770 shares of the company’s stock valued at $1,215,000 after buying an additional 5,019 shares in the last quarter. Finally, GSA Capital Partners LLP increased 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 in the last quarter. 66.12% of the stock is owned by hedge funds and other institutional investors.
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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