Calix (NYSE:CALX) Receives “Buy” Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of Calix (NYSE:CALX) in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a $50.00 price target on the communications equipment provider’s stock.

Other equities analysts have also recently issued reports about the stock. StockNews.com raised shares of Calix from a sell rating to a hold rating in a research note on Wednesday, February 28th. Needham & Company LLC reaffirmed a buy rating and set a $50.00 price target on shares of Calix in a report on Wednesday, April 17th. Finally, Rosenblatt Securities cut their price target on Calix from $57.00 to $45.00 and set a buy rating for the company in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $46.75.

Calix Price Performance

Shares of CALX stock opened at $29.54 on Monday. The stock has a market cap of $1.93 billion, a PE ratio of 65.65 and a beta of 1.65. The stock has a 50-day moving average of $33.27 and a 200-day moving average of $37.62. Calix has a one year low of $28.95 and a one year high of $53.90.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Calix had a return on equity of 7.92% and a net margin of 3.06%. The business had revenue of $264.73 million during the quarter, compared to analysts’ expectations of $264.41 million. During the same period in the prior year, the business earned $0.18 EPS. Calix’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, research analysts anticipate that Calix will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CALX. Los Angeles Capital Management LLC raised its stake in shares of Calix by 4.0% during the third quarter. Los Angeles Capital Management LLC now owns 8,224 shares of the communications equipment provider’s stock valued at $377,000 after acquiring an additional 314 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of Calix by 0.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 103,223 shares of the communications equipment provider’s stock valued at $4,732,000 after purchasing an additional 339 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Calix by 5.5% during the 3rd quarter. Inspire Investing LLC now owns 6,628 shares of the communications equipment provider’s stock valued at $304,000 after purchasing an additional 348 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Calix by 18.5% in the fourth 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 in the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its holdings in Calix by 4.5% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 8,780 shares of the communications equipment provider’s stock worth $384,000 after acquiring an additional 375 shares in the last quarter. Institutional investors 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.