Calix, Inc (NYSE:CALX) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
CALX has been the topic of several other reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $7.00 target price on shares of Calix in a research note on Friday, October 6th. Northland Securities set a $7.00 target price on shares of Calix and gave the stock a “hold” rating in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of Calix from a “hold” rating to a “sell” rating in a research note on Monday. Finally, ValuEngine raised shares of Calix from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Calix currently has a consensus rating of “Hold” and a consensus price target of $6.50.
Calix (NYSE:CALX) opened at $6.40 on Tuesday. Calix has a one year low of $4.65 and a one year high of $8.10.
Calix (NYSE:CALX) last issued its earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.04). Calix had a negative return on equity of 43.76% and a negative net margin of 16.19%. The firm had revenue of $128.80 million during the quarter, compared to analysts’ expectations of $127.92 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. equities research analysts anticipate that Calix will post -1.52 earnings per share for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in Calix in the third quarter valued at $119,000. American International Group Inc. boosted its holdings in Calix by 7.1% in the first quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock valued at $184,000 after acquiring an additional 1,676 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Calix by 15.5% in the second quarter. Voya Investment Management LLC now owns 27,603 shares of the communications equipment provider’s stock valued at $189,000 after acquiring an additional 3,696 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Calix by 2.7% in the second quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock valued at $192,000 after acquiring an additional 729 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Calix by 14.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,938 shares of the communications equipment provider’s stock valued at $210,000 after acquiring an additional 3,617 shares in the last quarter. Institutional investors and hedge funds own 64.98% of the company’s stock.
Calix Company Profile
Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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