Analysts Set Calix, Inc. (NYSE:CALX) PT at $42.50

Calix, Inc. (NYSE:CALX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $43.17.

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Calix from $38.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday. StockNews.com upgraded shares of Calix from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $45.00 price target on shares of Calix in a research note on Thursday, October 3rd.

Calix Price Performance

Calix stock traded down $0.41 during mid-day trading on Tuesday, hitting $39.77. The company's stock had a trading volume of 1,094,146 shares, compared to its average volume of 585,368. Calix has a 52-week low of $26.76 and a 52-week high of $41.97. The company has a market cap of $2.64 billion, a PE ratio of -88.38 and a beta of 1.68. The firm's 50 day moving average is $35.65 and its 200 day moving average is $36.27.

Calix (NYSE:CALX - Get Free Report) last issued its 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 net margin of 3.58% and a negative return on equity of 3.46%. As a group, analysts forecast that Calix will post -0.34 EPS for the current year.

Institutional Trading of Calix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Congress Asset Management Co. raised its position in Calix by 30.1% in the 3rd quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider's stock valued at $60,725,000 after buying an additional 361,805 shares during the last quarter. Geode Capital Management LLC grew its stake in Calix by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,331,565 shares of the communications equipment provider's stock worth $51,661,000 after buying an additional 14,725 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Calix by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,146 shares of the communications equipment provider's stock worth $23,318,000 after buying an additional 12,637 shares during the last quarter. Polar Asset Management Partners Inc. increased its holdings in shares of Calix by 5.2% in the third quarter. Polar Asset Management Partners Inc. now owns 560,300 shares of the communications equipment provider's stock worth $21,734,000 after buying an additional 27,900 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in Calix by 34.8% in the third quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider's stock valued at $15,921,000 after purchasing an additional 105,969 shares during 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.