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

Calix, Inc. (NYSE:CALX - Get Free Report) has received a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $42.50.

A number of equities research analysts recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and set a $45.00 price target on shares of Calix in a report on Tuesday, September 10th. StockNews.com upgraded shares of Calix from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th. Rosenblatt Securities reissued a "buy" rating and issued a $45.00 target price on shares of Calix in a research note on Thursday, October 3rd. Craig Hallum upped their price target on Calix from $41.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Finally, Roth Mkm lifted their price objective on Calix from $43.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd.

Calix Trading Down 2.0 %

Shares of NYSE:CALX traded down $0.78 on Friday, reaching $39.12. 345,197 shares of the company traded hands, compared to its average volume of 740,905. The stock has a market capitalization of $2.56 billion, a P/E ratio of 126.19 and a beta of 1.74. The business's 50-day simple moving average is $37.39 and its 200 day simple moving average is $34.88. Calix has a 52 week low of $26.76 and a 52 week high of $45.21.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. Calix had a return on equity of 4.17% and a net margin of 0.52%. The business had revenue of $198.14 million for the quarter, compared to analysts' expectations of $200.77 million. During the same period in the previous year, the firm earned $0.15 EPS. The business's quarterly revenue was down 24.1% on a year-over-year basis. Sell-side analysts expect that Calix will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $37.56, for a total value of $939,000.00. Following the completion of the transaction, the director now owns 3,723,381 shares of the company's stock, valued at approximately $139,850,190.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.69% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Magnus Financial Group LLC bought a new position in Calix during the 3rd quarter valued at approximately $211,000. Inspire Investing LLC grew its stake in shares of Calix by 7.8% in the third quarter. Inspire Investing LLC now owns 10,635 shares of the communications equipment provider's stock worth $413,000 after acquiring an additional 773 shares during the last quarter. LVW Advisors LLC increased its holdings in shares of Calix by 37.3% during the third quarter. LVW Advisors LLC now owns 8,047 shares of the communications equipment provider's stock valued at $312,000 after acquiring an additional 2,187 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Calix by 29.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider's stock worth $54,000 after purchasing an additional 318 shares during the last quarter. Finally, GAMMA Investing LLC boosted 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 purchasing an additional 436 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

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.