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

Shares of Calix, Inc. (NYSE:CALX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $42.50.

Several brokerages recently weighed in on CALX. Rosenblatt Securities reaffirmed a "buy" rating and issued a $45.00 target price on shares of Calix in a report on Thursday, October 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Calix in a research note on Tuesday, October 29th. Finally, StockNews.com raised Calix from a "sell" rating to a "hold" rating in a research note on Tuesday, October 8th.

Calix Trading Up 5.4 %

NYSE CALX traded up $1.84 on Friday, hitting $35.74. 780,311 shares of the company traded hands, compared to its average volume of 643,906. The business's 50 day moving average price is $34.05 and its 200-day moving average price is $35.87. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -148.92 and a beta of 1.70. Calix has a 52-week low of $26.76 and a 52-week high of $45.15.

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

Hedge Funds Weigh In On Calix

Several institutional investors have recently added to or reduced their stakes in CALX. Rhumbline Advisers grew its holdings in shares of Calix by 3.1% in the second quarter. Rhumbline Advisers now owns 173,563 shares of the communications equipment provider's stock valued at $6,149,000 after purchasing an additional 5,154 shares in the last quarter. National Bank of Canada FI lifted its position in Calix by 19.2% during the second quarter. National Bank of Canada FI now owns 141,667 shares of the communications equipment provider's stock valued at $4,937,000 after purchasing an additional 22,854 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of Calix by 9.2% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 812,053 shares of the communications equipment provider's stock worth $28,771,000 after buying an additional 68,300 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Calix by 3.3% in the 2nd quarter. Victory Capital Management Inc. now owns 20,262 shares of the communications equipment provider's stock worth $718,000 after buying an additional 654 shares during the last quarter. Finally, North Star Asset Management Inc. raised its position in shares of Calix by 28.4% during the 2nd quarter. North Star Asset Management Inc. now owns 84,316 shares of the communications equipment provider's stock valued at $2,987,000 after buying an additional 18,660 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

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.