Shares of Calix, Inc (NYSE:CALX) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.67.

CALX has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. ValuEngine upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $7.00 price objective on shares of Calix in a research report on Thursday, March 23rd.

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Institutional investors have recently added to or reduced their stakes in the stock. PEAK6 Investments L.P. bought a new position in Calix during the first quarter valued at approximately $120,000. Trexquant Investment LP bought a new position in Calix during the first quarter valued at approximately $134,000. American International Group Inc. boosted its position 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 buying an additional 1,676 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position 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 buying an additional 3,617 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in Calix by 11.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 29,497 shares of the communications equipment provider’s stock valued at $227,000 after buying an additional 2,925 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Calix (NYSE:CALX) traded down 2.17% during midday trading on Monday, hitting $6.75. 61,115 shares of the stock traded hands. The company’s 50-day moving average is $6.89 and its 200-day moving average is $7.01. Calix has a one year low of $6.15 and a one year high of $8.20. The company’s market cap is $336.66 million.

Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, May 9th. The communications equipment provider reported ($0.64) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by $0.05. The firm had revenue of $117.50 million during the quarter, compared to the consensus estimate of $112.17 million. Calix had a negative net margin of 10.46% and a negative return on equity of 22.23%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Equities research analysts expect that Calix will post ($0.40) EPS for the current fiscal year.

About Calix

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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