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

Calix, Inc. (NYSE:CALX - Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,460,000 shares, a decrease of 5.7% from the November 30th total of 2,610,000 shares. Based on an average daily volume of 672,400 shares, the days-to-cover ratio is presently 3.7 days. Approximately 4.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CALX. GAMMA Investing LLC raised its stake in shares of Calix by 187.9% during the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider's stock worth $26,000 after buying an additional 436 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Calix in the 3rd quarter worth $34,000. Arcadia Investment Management Corp MI acquired a new position in Calix during the third quarter worth $39,000. Avior Wealth Management LLC lifted its holdings in Calix by 998.1% during 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 in the last quarter. Finally, Hexagon Capital Partners LLC grew its position in shares of Calix by 29.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider's stock valued at $54,000 after purchasing an additional 318 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

Calix Stock Performance

Calix stock traded down $0.02 during midday trading on Wednesday, hitting $34.87. 403,444 shares of the company were exchanged, compared to its average volume of 746,076. The business has a fifty day simple moving average of $34.18 and a two-hundred day simple moving average of $35.88. The firm has a market capitalization of $2.31 billion, a PE ratio of -145.29 and a beta of 1.70. Calix has a fifty-two week low of $26.76 and a fifty-two week high of $45.15.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $200.95 million for the quarter, compared to analysts' expectations of $201.06 million. During the same quarter last year, the company earned $0.25 EPS. The business's revenue was down 23.8% on a year-over-year basis. As a group, equities analysts expect that Calix will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CALX. StockNews.com upgraded Calix from a "sell" rating to a "hold" rating in a research note on Tuesday, October 8th. Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of Calix in a research note on Tuesday, October 29th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $45.00 target price on shares of Calix in a research report on Thursday, October 3rd. 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, the company currently has an average rating of "Moderate Buy" and an average target price of $42.50.

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.