Brokerages Set Calix, Inc. (NYSE:CALX) Price Target at $42.50

Shares of Calix, Inc. (NYSE:CALX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $42.50.

CALX has been the subject of several research analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $45.00 target price on shares of Calix in a report on Thursday, October 3rd. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Calix in a report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Calix from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th.

Calix Stock Up 2.7 %

NYSE CALX traded up $0.93 on Monday, hitting $34.99. 486,192 shares of the stock were exchanged, compared to its average volume of 762,048. Calix has a fifty-two week low of $26.76 and a fifty-two week high of $45.15. The company has a market cap of $2.32 billion, a PE ratio of -145.79 and a beta of 1.70. The company has a 50-day moving average price of $35.24 and a 200-day moving average price of $35.86.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The company had revenue of $200.95 million during the quarter, compared to analysts' expectations of $201.06 million. During the same quarter in the previous year, the business posted $0.25 EPS. The firm's revenue was down 23.8% on a year-over-year basis. As a group, equities research analysts predict that Calix will post -0.34 EPS for the current fiscal year.

Institutional Trading of Calix

Several institutional investors and hedge funds have recently bought and sold shares of the business. Divisar Capital Management LLC purchased a new position in Calix during the 2nd quarter worth $15,876,000. Congress Asset Management Co. raised its position in Calix by 30.1% during the 3rd quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider's stock worth $60,725,000 after buying an additional 361,805 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Calix by 200.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 344,514 shares of the communications equipment provider's stock worth $13,364,000 after buying an additional 229,871 shares during the last quarter. Squarepoint Ops LLC raised its position in Calix by 82.7% during the 2nd quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider's stock worth $10,641,000 after buying an additional 135,916 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY raised its position in Calix by 9.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider's stock worth $47,366,000 after buying an additional 115,500 shares during the last quarter. Hedge funds and other 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.