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

Shares of Calix, Inc. (NYSE:CALX) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $43.17.

CALX has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CALX. DekaBank Deutsche Girozentrale purchased a new stake in shares of Calix in the 3rd quarter valued at approximately $34,000. Diversify Wealth Management LLC grew its position in Calix by 19.3% during the 3rd quarter. Diversify Wealth Management LLC now owns 10,066 shares of the communications equipment provider’s stock worth $373,000 after purchasing an additional 1,628 shares in the last quarter. Congress Asset Management Co. raised its stake in Calix by 30.1% during the 3rd quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock valued at $60,725,000 after purchasing an additional 361,805 shares during the period. US Bancorp DE lifted its holdings in shares of Calix by 399.3% in the third quarter. US Bancorp DE now owns 5,672 shares of the communications equipment provider’s stock valued at $220,000 after purchasing an additional 4,536 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Calix by 42.1% in the third quarter. Farther Finance Advisors LLC now owns 1,763 shares of the communications equipment provider’s stock worth $68,000 after buying an additional 522 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Stock Performance

Shares of CALX opened at $38.17 on Friday. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -84.82 and a beta of 1.70. The stock’s fifty day moving average is $37.98 and its 200-day moving average is $36.65. Calix has a one year low of $26.76 and a one year high of $42.50.

Calix (NYSE:CALX) last issued its quarterly earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. Analysts forecast that Calix will post -0.43 EPS for the current fiscal year.

About Calix

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.