Calix Inc (CALX) Director Sells $20,088.74 in Stock

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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.

Large investors have recently made changes to their positions in the company. Semmax Financial Advisors Inc. bought a new position in shares of Calix in the 4th quarter worth approximately $38,000. Quantamental Technologies LLC purchased a new stake in Calix during the 1st quarter valued at $31,000. Macquarie Group Ltd. purchased a new stake in Calix during the 4th quarter valued at $75,000. BNP Paribas Arbitrage SA boosted its stake in Calix by 966.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,309 shares of the communications equipment provider’s stock valued at $72,000 after purchasing an additional 8,436 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Calix by 401.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,636 shares of the communications equipment provider’s stock valued at $143,000 after purchasing an additional 11,718 shares during the last quarter. 63.14% of the stock is owned by hedge funds and other institutional investors.

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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About Calix

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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Insider Buying and Selling by Quarter for Calix (NYSE:CALX)

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