Calix (NYSE:CALX) Sets New 52-Week High at $12.83

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Calix Inc (NYSE:CALX) shares reached a new 52-week high on Friday . The company traded as high as $12.83 and last traded at $12.79, with a volume of 12810 shares trading hands. The stock had previously closed at $12.33.

Several research analysts recently weighed in on the stock. ValuEngine downgraded shares of Calix from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Jefferies Financial Group upped their price objective on Calix from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Zacks Investment Research raised Calix from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, May 1st.

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.98 and a current ratio of 1.21. The company’s 50 day moving average is $9.58 and its two-hundred day moving average is $8.53.

In other news, Director J Daniel Plants sold 800,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $9.29, for a total transaction of $7,432,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donald J. Listwin bought 30,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $12.11 per share, with a total value of $363,300.00. The disclosure for this purchase can be found here. 17.54% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its stake in shares of Calix by 46.0% in the 4th quarter. Bank of Montreal Can now owns 5,984 shares of the communications equipment provider’s stock worth $48,000 after buying an additional 1,885 shares in the last quarter. SkyOak Wealt LLC bought a new position in shares of Calix in the 4th quarter valued at about $80,000. Citigroup Inc. lifted its holdings in shares of Calix by 59.5% in the 4th quarter. Citigroup Inc. now owns 11,725 shares of the communications equipment provider’s stock valued at $94,000 after acquiring an additional 4,373 shares during the last quarter. Victory Capital Management Inc. grew its position in Calix by 66.5% in the fourth quarter. Victory Capital Management Inc. now owns 12,536 shares of the communications equipment provider’s stock worth $100,000 after acquiring an additional 5,008 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Calix by 56.4% during the first quarter. BNP Paribas Arbitrage SA now owns 14,372 shares of the communications equipment provider’s stock worth $102,000 after acquiring an additional 5,182 shares during the last quarter. Institutional investors and hedge funds own 67.17% of the company’s stock.

Calix Company Profile (NYSE:CALX)

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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