Castleark Management LLC Makes New Investment in Calix, Inc. (NYSE:CALX)

Castleark Management LLC acquired a new position in Calix, Inc. (NYSE:CALX - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 61,850 shares of the communications equipment provider's stock, valued at approximately $2,399,000. Castleark Management LLC owned 0.09% of Calix as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Calix by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,624 shares of the communications equipment provider's stock valued at $1,182,000 after purchasing an additional 2,097 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Calix by 123.2% in the second quarter. SG Americas Securities LLC now owns 7,943 shares of the communications equipment provider's stock valued at $281,000 after buying an additional 4,384 shares during the period. LVW Advisors LLC acquired a new stake in Calix during the second quarter worth about $208,000. Diversified Trust Co increased its stake in Calix by 11.4% during the second quarter. Diversified Trust Co now owns 10,033 shares of the communications equipment provider's stock valued at $355,000 after acquiring an additional 1,026 shares during the period. Finally, Portside Wealth Group LLC raised its holdings in Calix by 4.4% in the 2nd quarter. Portside Wealth Group LLC now owns 7,214 shares of the communications equipment provider's stock valued at $256,000 after acquiring an additional 301 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Calix Stock Performance

Shares of NYSE:CALX traded up $1.29 on Friday, hitting $34.06. The stock had a trading volume of 588,746 shares, compared to its average volume of 1,074,696. The firm's 50 day moving average price is $35.24 and its 200-day moving average price is $35.84. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $45.15. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -141.92 and a beta of 1.70.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. The firm had revenue of $200.95 million for 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 company's revenue for the quarter was down 23.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. As a group, sell-side analysts predict that Calix, Inc. will post -0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com raised Calix from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th. Needham & Company LLC reiterated a "buy" rating and set a $45.00 price target on shares of Calix in a research note on Tuesday, October 29th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Calix has an average rating of "Moderate Buy" and an average target price of $42.50.

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.