Calix, Inc. (NYSE:CALX) Short Interest Update

Calix, Inc. (NYSE:CALX - Get Free Report) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 2,250,000 shares, a decline of 14.4% from the January 15th total of 2,630,000 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average trading volume of 762,100 shares, the short-interest ratio is presently 3.0 days.

Calix Price Performance

Shares of CALX stock traded up $0.31 during midday trading on Wednesday, reaching $39.94. 519,143 shares of the company traded hands, compared to its average volume of 648,239. The firm's 50 day simple moving average is $37.66 and its two-hundred day simple moving average is $36.60. The firm has a market cap of $2.65 billion, a PE ratio of -88.75 and a beta of 1.70. Calix has a 1-year low of $26.76 and a 1-year high of $42.50.

Calix (NYSE:CALX - Get Free Report) last posted its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. As a group, research analysts anticipate that Calix will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of Calix in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on Calix from $38.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.17.

Hedge Funds Weigh In On Calix

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its stake 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 acquiring an additional 436 shares during the period. Smartleaf Asset Management LLC boosted its holdings 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 purchasing an additional 640 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Calix in the third quarter valued at $34,000. Arcadia Investment Management Corp MI acquired a new position in Calix in the third quarter valued at $39,000. Finally, Avior Wealth Management LLC increased its stake in Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider's stock valued at $46,000 after purchasing an additional 1,078 shares during 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.