Calix Inc (NYSE:CALX) Director Christopher J. Bowick sold 3,053 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $6.58, for a total value of $20,088.74. Following the transaction, the director now directly owns 75,462 shares of the company’s stock, valued at approximately $496,539.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NYSE:CALX traded down $0.02 during trading on Monday, hitting $6.53. The stock had a trading volume of 184,709 shares, compared to its average volume of 409,854. Calix Inc has a 12 month low of $6.20 and a 12 month high of $11.30. The firm has a market capitalization of $355.65 million, a P/E ratio of -19.79 and a beta of 0.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 1.16.
Calix (NYSE:CALX) last announced its earnings results on Wednesday, May 1st. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Calix had a negative return on equity of 8.16% and a negative net margin of 4.02%. The firm had revenue of $89.35 million during the quarter, compared to the consensus estimate of $102.95 million. On average, equities analysts forecast that Calix Inc will post -0.12 EPS for the current fiscal year.
Several research analysts have recently issued reports on the company. ValuEngine lowered Calix from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Zacks Investment Research lowered Calix from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $7.38.
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Calix, Inc, together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The company's cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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