Geode Capital Management LLC Acquires 14,725 Shares of Calix, Inc. (NYSE:CALX)

Geode Capital Management LLC increased its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,331,565 shares of the communications equipment provider's stock after purchasing an additional 14,725 shares during the quarter. Geode Capital Management LLC owned approximately 2.01% of Calix worth $51,661,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CALX. GAMMA Investing LLC boosted its stake in Calix by 187.9% in the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider's stock worth $26,000 after purchasing an additional 436 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Calix during the 3rd quarter worth about $34,000. Arcadia Investment Management Corp MI bought a new stake in Calix during the 3rd quarter worth about $39,000. Avior Wealth Management LLC increased its position in Calix by 998.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider's stock valued at $46,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its stake 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 worth $54,000 after acquiring an additional 318 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CALX. Rosenblatt Securities reissued a "buy" rating and set a $45.00 price target on shares of Calix in a research note on Thursday, October 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price objective on shares of Calix in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded Calix from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.

Calix Price Performance

Shares of CALX stock traded down $0.38 during trading hours on Monday, reaching $34.98. The company had a trading volume of 298,527 shares, compared to its average volume of 755,669. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $45.15. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -145.75 and a beta of 1.70. The company has a 50 day moving average of $34.75 and a 200 day moving average of $35.92.

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 for the quarter, beating the consensus estimate 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 positive return on equity of 1.33% and a negative net margin of 1.79%. The company's quarterly revenue was down 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. As a group, sell-side analysts forecast that Calix, Inc. will post -0.34 EPS for the current fiscal year.

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.