Calix, Inc. (NYSE:CALX) Receives Consensus Rating of “Moderate Buy” from Analysts

Calix, Inc. (NYSE:CALX) has received a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $42.50.

Several equities analysts recently weighed in on CALX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Tuesday, October 29th. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Thursday, October 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CALX. GAMMA Investing LLC grew its position in shares of Calix by 187.9% in the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 436 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Calix in the 3rd quarter valued at approximately $34,000. Arcadia Investment Management Corp MI acquired a new stake in Calix in the 3rd quarter valued at approximately $39,000. Avior Wealth Management LLC increased its position in Calix by 998.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after buying an additional 1,078 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Calix by 29.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after buying an additional 318 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Stock Up 5.4 %

Shares of NYSE:CALX opened at $38.28 on Friday. The firm has a fifty day moving average of $34.07 and a two-hundred day moving average of $35.94. Calix has a 12-month low of $26.76 and a 12-month high of $45.15. The firm has a market capitalization of $2.54 billion, a P/E ratio of -159.50 and a beta of 1.68.

Calix (NYSE:CALX) last released its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The firm had revenue of $200.95 million during the quarter, compared to analysts’ expectations of $201.06 million. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was down 23.8% on a year-over-year basis. Equities research analysts expect that Calix will post -0.34 earnings per share for the current fiscal year.

Calix Company Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.