Calix (NYSE:CALX) Lowered to Sell at StockNews.com

StockNews.com lowered shares of Calix (NYSE:CALX) from a hold rating to a sell rating in a research report report published on Wednesday morning.

CALX has been the subject of a number of other reports. Roth Mkm reiterated a buy rating and set a $50.00 price objective on shares of Calix in a report on Monday. Needham & Company LLC reaffirmed a buy rating and set a $50.00 price target on shares of Calix in a research note on Tuesday. Craig Hallum lowered their price objective on shares of Calix from $48.00 to $41.00 and set a buy rating on the stock in a report on Wednesday. Finally, Rosenblatt Securities reduced their target price on shares of Calix from $45.00 to $35.00 and set a buy rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $43.60.

Calix Stock Performance

Shares of CALX opened at $28.25 on Wednesday. The stock has a 50 day simple moving average of $33.04 and a 200 day simple moving average of $37.45. Calix has a 52-week low of $26.76 and a 52-week high of $53.90. The firm has a market capitalization of $1.85 billion, a PE ratio of 91.13 and a beta of 1.65.

Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Calix had a return on equity of 6.65% and a net margin of 2.19%. The business had revenue of $264.73 million during the quarter, compared to analyst estimates of $264.41 million. During the same period in the previous year, the firm earned $0.18 EPS. Calix’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities research analysts predict that Calix will post 0.45 EPS for the current fiscal year.

Institutional Trading of Calix

A number of large investors have recently added to or reduced their stakes in CALX. TFO Wealth Partners LLC raised its holdings in shares of Calix by 13,787.5% in the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock valued at $49,000 after purchasing an additional 1,103 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Calix by 194.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider’s stock valued at $70,000 after buying an additional 1,011 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Calix by 31.9% during the 3rd quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider’s stock worth $72,000 after acquiring an additional 382 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Calix by 18.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock worth $98,000 after acquiring an additional 348 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Calix during the 3rd quarter worth approximately $111,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.