Calix, Inc (NYSE:CALX) has been assigned a $7.00 price objective by equities research analysts at Northland Securities in a report issued on Monday. The firm currently has a “hold” rating on the communications equipment provider’s stock. Northland Securities’ price target suggests a potential upside of 4.48% from the stock’s previous close.

Other research analysts have also issued reports about the stock. 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, BidaskClub lowered shares of Calix from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Calix presently has an average rating of “Hold” and an average price target of $7.00.

Calix (CALX) traded down 0.75% during midday trading on Monday, hitting $6.65. 68,494 shares of the stock traded hands. The company’s market cap is $331.67 million. Calix has a one year low of $6.15 and a one year high of $8.20. The company’s 50 day moving average is $6.89 and its 200-day moving average is $6.89.

Calix (NYSE:CALX) last issued its quarterly earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by $0.05. Calix had a negative return on equity of 22.23% and a negative net margin of 10.46%. The firm had revenue of $117.50 million for the quarter, compared to analyst estimates of $112.17 million. During the same quarter last year, the firm earned ($0.09) earnings per share. The company’s revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts forecast that Calix will post ($0.36) EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. PEAK6 Investments L.P. acquired a new stake in shares of Calix during the first quarter valued at about $120,000. Trexquant Investment LP acquired a new stake in shares of Calix during the first quarter valued at about $134,000. American International Group Inc. increased its stake in shares of 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 period. Metropolitan Life Insurance Co. NY increased its stake in shares of 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 period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of 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 period. 64.69% of the stock is currently owned by institutional investors.

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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