Calix, Inc. (NYSE:CALX) Director Sells $953,750.00 in Stock

Calix, Inc. (NYSE:CALX - Get Free Report) Director Carl Russo sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction of $953,750.00. Following the completion of the sale, the director now owns 2,164,188 shares in the company, valued at $82,563,772.20. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Calix Stock Down 1.3 %

Shares of CALX traded down $0.46 during trading hours on Tuesday, reaching $35.43. The company's stock had a trading volume of 282,916 shares, compared to its average volume of 678,796. The company has a 50 day moving average of $38.08 and a two-hundred day moving average of $36.63. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -78.71 and a beta of 1.70. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $42.50.

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

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Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Calix in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on Calix from $38.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Calix has a consensus rating of "Moderate Buy" and an average price target of $43.17.

Institutional Investors Weigh In On Calix

Institutional investors have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. boosted its holdings in Calix by 8.4% during the fourth quarter. Polar Asset Management Partners Inc. now owns 607,500 shares of the communications equipment provider's stock valued at $21,184,000 after purchasing an additional 47,200 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Calix by 159.3% in the fourth quarter. Mackenzie Financial Corp now owns 23,710 shares of the communications equipment provider's stock valued at $827,000 after acquiring an additional 14,567 shares during the last quarter. North Star Asset Management Inc. increased its position in Calix by 3.0% in the fourth quarter. North Star Asset Management Inc. now owns 92,390 shares of the communications equipment provider's stock worth $3,222,000 after purchasing an additional 2,727 shares during the period. Neo Ivy Capital Management bought a new stake in Calix during the 4th quarter worth about $300,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Calix by 23.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,423 shares of the communications equipment provider's stock valued at $5,559,000 after purchasing an additional 29,815 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

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.