Calix (NYSE:CALX) Upgraded by StockNews.com to “Hold”

Calix (NYSE:CALXGet Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Several other research analysts have also recently weighed in on the company. Rosenblatt Securities cut their price objective on Calix from $57.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. Needham & Company LLC cut their price target on shares of Calix from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.60.

View Our Latest Stock Report on Calix

Calix Price Performance

Shares of CALX stock traded up $0.22 on Wednesday, hitting $34.87. The stock had a trading volume of 442,122 shares, compared to its average volume of 844,991. Calix has a 12-month low of $31.64 and a 12-month high of $56.47. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 77.49 and a beta of 1.64. The business has a 50 day moving average of $39.38 and a 200 day moving average of $40.71.

Calix (NYSE:CALXGet Free Report) last posted its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. Calix had a net margin of 3.06% and a return on equity of 7.92%. The firm had revenue of $264.73 million for the quarter, compared to analysts’ expectations of $264.41 million. During the same quarter last year, the firm earned $0.18 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, research analysts expect that Calix will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of Calix

A number of institutional investors have recently modified their holdings of CALX. Captrust Financial Advisors lifted its holdings in Calix by 31.7% during the 2nd quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 204 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of Calix in the fourth quarter valued at approximately $45,000. Advisors Asset Management Inc. increased its holdings in Calix by 102.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 996 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 503 shares during the period. TFO Wealth Partners LLC increased its holdings in Calix by 13,787.5% during the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock worth $49,000 after acquiring an additional 1,103 shares during the period. Finally, KBC Group NV purchased a new position in shares of Calix during the 4th quarter valued at $50,000. 81.35% of the stock is currently owned by hedge funds and other institutional investors.

About Calix

(Get Free Report)

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.

Further Reading

Analyst Recommendations for Calix (NYSE:CALX)

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