Calix, Inc. (NYSE:CALX) Receives $42.50 Consensus Price Target from Brokerages

Shares of Calix, Inc. (NYSE:CALX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $42.50.

A number of equities research analysts have weighed in on CALX shares. StockNews.com upgraded shares of Calix from a "sell" rating to a "hold" rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. upped their price objective on Calix from $28.00 to $41.00 and gave the stock a "neutral" rating in a research note on Monday, July 22nd. Rosenblatt Securities restated a "buy" rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday, October 3rd. Roth Mkm upped their price objective on Calix from $43.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Finally, Craig Hallum upped their price objective on Calix from $41.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CALX. GAMMA Investing LLC raised its position in Calix by 187.9% in the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider's stock worth $26,000 after purchasing an additional 436 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Calix in the 3rd quarter worth about $34,000. Arcadia Investment Management Corp MI purchased a new stake in Calix in the 3rd quarter worth about $39,000. Avior Wealth Management LLC raised its position in Calix by 998.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider's stock worth $46,000 after purchasing an additional 1,078 shares during the period. Finally, Hexagon Capital Partners LLC raised its position in Calix by 29.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider's stock worth $54,000 after purchasing an additional 318 shares during the period. Institutional investors own 98.14% of the company's stock.

Calix Stock Down 2.2 %

Shares of NYSE:CALX traded down $0.67 on Thursday, hitting $30.15. 1,130,712 shares of the company traded hands, compared to its average volume of 739,264. The stock has a 50 day simple moving average of $36.88 and a 200-day simple moving average of $35.60. The company has a market cap of $2.00 billion, a PE ratio of -128.42 and a beta of 1.75. Calix has a 52 week low of $26.76 and a 52 week high of $45.15.

Calix (NYSE:CALX - Get Free Report) last issued its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The business had revenue of $200.95 million for the quarter, compared to the consensus estimate of $201.06 million. During the same period last year, the business posted $0.25 EPS. The company's revenue was down 23.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Calix will post -0.34 earnings per share for the current year.

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.