Calix (NYSE:CALX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Calix (NYSE:CALX) from a buy rating to a strong-buy rating in a research report released on Saturday,Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on the stock. Rosenblatt Securities decreased their price target on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Roth Capital restated a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Weiss Ratings cut shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. JPMorgan Chase & Co. reduced their price objective on shares of Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of Calix from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $57.40.

Calix Stock Down 2.0%

CALX stock opened at $36.08 on Friday. The business’s 50-day simple moving average is $36.12 and its 200 day simple moving average is $42.57. The company has a market cap of $2.27 billion, a PE ratio of 48.76 and a beta of 1.32. Calix has a twelve month low of $32.35 and a twelve month high of $69.73.

Calix (NYSE:CALX) last announced its quarterly earnings data on Monday, November 2nd. The communications equipment provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Calix had a return on equity of 6.17% and a net margin of 4.61%. The company had revenue of $301.71 million during the quarter, compared to the consensus estimate of $304.23 million. During the same quarter last year, the company earned $0.44 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, equities research analysts anticipate that Calix will post 0.89 EPS for the current year.

Institutional Trading of Calix

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Calix in the second quarter valued at $439,461,000. Paradigm Capital Management Inc. NY bought a new position in shares of Calix in the second quarter worth about $37,213,000. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Calix during the third quarter worth approximately $32,090,000. Bank of America Corp DE acquired a new position in shares of Calix during the second quarter worth approximately $20,900,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Calix during the second quarter worth approximately $14,931,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Company Profile

Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.

The company’s offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.

Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.