Calix, Inc. (NYSE:CALX) Short Interest Update

Calix, Inc. (NYSE:CALX) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 2,460,000 shares, a decrease of 5.7% from the November 30th total of 2,610,000 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily volume of 672,400 shares, the short-interest ratio is presently 3.7 days.

Calix Stock Down 0.1 %

Calix stock traded down $0.02 during midday trading on Wednesday, reaching $34.87. The stock had a trading volume of 403,444 shares, compared to its average volume of 746,076. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -145.29 and a beta of 1.70. Calix has a 52-week low of $26.76 and a 52-week high of $45.15. The company has a fifty day moving average of $34.22 and a 200 day moving average of $35.89.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CALX shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Thursday, October 3rd. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in Calix by 46.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,570 shares of the communications equipment provider’s stock worth $4,948,000 after acquiring an additional 40,306 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Calix by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,331,565 shares of the communications equipment provider’s stock worth $51,661,000 after purchasing an additional 14,725 shares during the period. Barclays PLC boosted its position in Calix by 184.0% in the third quarter. Barclays PLC now owns 113,579 shares of the communications equipment provider’s stock valued at $4,404,000 after buying an additional 73,588 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Calix in the 3rd quarter worth approximately $776,000. Finally, National Bank of Canada FI raised its position in Calix by 0.4% during the 3rd quarter. National Bank of Canada FI now owns 142,187 shares of the communications equipment provider’s stock worth $5,515,000 after buying an additional 520 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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.