Calix, Inc. (NYSE:CALX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Calix, Inc. (NYSE:CALX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $43.17.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Calix from $38.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Needham & Company LLC reissued a "buy" rating and set a $45.00 target price on shares of Calix in a research note on Thursday, January 30th.

Calix Stock Performance

Shares of NYSE:CALX traded up $0.28 during mid-day trading on Wednesday, reaching $35.97. 1,185,528 shares of the company's stock were exchanged, compared to its average volume of 635,326. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -79.94 and a beta of 1.78. The business's fifty day moving average price is $37.41 and its 200-day moving average price is $36.27. Calix has a twelve month low of $26.76 and a twelve month high of $42.50.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. Analysts predict that Calix will post -0.43 EPS for the current fiscal year.

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Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value of $953,750.00. Following the completion of the sale, the director now directly owns 2,164,188 shares of the company's stock, valued at approximately $82,563,772.20. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.69% of the stock is owned by insiders.

Institutional Investors Weigh In On Calix

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its position in shares of Calix by 367.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock worth $28,000 after acquiring an additional 640 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Calix by 998.1% during the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider's stock worth $46,000 after acquiring an additional 1,078 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Calix by 29.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock worth $54,000 after acquiring an additional 358 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Calix during the third quarter worth about $76,000. Finally, FMR LLC increased its position in shares of Calix by 49.0% during the third quarter. FMR LLC now owns 2,398 shares of the communications equipment provider's stock worth $93,000 after acquiring an additional 789 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

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.