Shares of Calix Inc (NYSE:CALX) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $7.75.
Several equities research analysts recently weighed in on CALX shares. Drexel Hamilton reiterated a “buy” rating and issued a $8.50 target price on shares of Calix in a research note on Wednesday, March 21st. ValuEngine cut shares of Calix from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 14th.
CALX stock traded up $0.12 during midday trading on Wednesday, hitting $6.82. 82,708 shares of the company traded hands, compared to its average volume of 254,472. Calix has a twelve month low of $4.65 and a twelve month high of $7.40.
Large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in shares of Calix during the third quarter worth approximately $114,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Calix during the third quarter worth approximately $119,000. MetLife Investment Advisors LLC acquired a new stake in shares of Calix during the fourth quarter worth approximately $127,000. Simplex Trading LLC acquired a new stake in shares of Calix during the fourth quarter worth approximately $135,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Calix during the fourth quarter worth approximately $145,000. 64.85% of the stock is owned by hedge funds and other institutional investors.
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Calix, Inc provides 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 various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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