Calix, Inc. (NYSE:CALX) Short Interest Down 12.4% in February

Calix, Inc. (NYSE:CALX - Get Free Report) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 1,970,000 shares, a drop of 12.4% from the January 31st total of 2,250,000 shares. Currently, 3.3% of the company's stock are short sold. Based on an average trading volume of 606,300 shares, the days-to-cover ratio is presently 3.2 days.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CALX shares. JPMorgan Chase & Co. upped their price target on Calix from $38.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of Calix in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.17.

Calix Stock Down 7.8 %

Shares of CALX traded down $2.50 during trading on Monday, reaching $29.42. 1,317,604 shares of the company traded hands, compared to its average volume of 679,227. Calix has a twelve month low of $26.76 and a twelve month high of $42.50. The stock has a 50-day simple moving average of $37.95 and a 200-day simple moving average of $36.53. The stock has a market cap of $1.96 billion, a PE ratio of -65.37 and a beta of 1.78.

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Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. On average, equities research analysts predict that Calix will post -0.43 EPS for the current year.

Insider Buying and Selling

In other news, Director Carl Russo sold 25,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction of $953,750.00. Following the transaction, the director now directly owns 2,164,188 shares of the company's stock, valued at $82,563,772.20. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its position in Calix by 367.8% during the 4th 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 period. Avior Wealth Management LLC lifted its stake 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 buying an additional 1,078 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Calix by 29.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after acquiring an additional 358 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Calix by 42.1% in the third quarter. Farther Finance Advisors LLC now owns 1,763 shares of the communications equipment provider's stock valued at $68,000 after buying an additional 522 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Calix in the third quarter valued at $76,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.