Short Interest in Calix, Inc. (NYSE:CALX) Rises By 14.6%

Calix, Inc. (NYSE:CALX) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,460,000 shares, a growth of 14.6% from the March 15th total of 3,020,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 6.0% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of research firms have weighed in on CALX. Needham & Company LLC decreased their target price on shares of Calix from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Rosenblatt Securities decreased their target price on shares of Calix from $57.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, January 30th. Finally, StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Calix has an average rating of “Moderate Buy” and a consensus target price of $54.60.

Calix Stock Performance

Shares of CALX stock traded down $0.05 during trading hours on Tuesday, hitting $29.37. 1,282,314 shares of the company were exchanged, compared to its average volume of 988,476. The firm has a market cap of $1.92 billion, a P/E ratio of 65.27 and a beta of 1.65. Calix has a fifty-two week low of $29.08 and a fifty-two week high of $53.90. The company has a 50 day simple moving average of $33.68 and a two-hundred day simple moving average of $38.04.

Calix (NYSE:CALX) last announced its quarterly earnings data 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. The company had revenue of $264.73 million during the quarter, compared to the consensus estimate of $264.41 million. Calix had a net margin of 3.06% and a return on equity of 7.92%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. As a group, sell-side analysts expect that Calix will post 0.45 EPS for the current fiscal year.

Institutional Trading of Calix

Hedge funds have recently bought and sold shares of the business. Coppell Advisory Solutions Corp. acquired a new stake in Calix in the 4th quarter valued at $45,000. Altshuler Shaham Ltd acquired a new stake in Calix in the 4th quarter valued at $54,000. Captrust Financial Advisors grew its position in Calix by 31.7% in the 2nd quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 204 shares during the period. Natixis acquired a new stake in Calix in the 4th quarter valued at $60,000. Finally, Quarry LP grew its position in Calix by 483.2% in the 1st quarter. Quarry LP now owns 974 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 807 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.