Calix, Inc (NYSE:CALX) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Friday.

Several other equities research analysts also recently issued reports on CALX. BidaskClub downgraded shares of Calix from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Northland Securities set a $7.00 price objective on shares of Calix and gave the stock a “hold” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research downgraded shares of Calix from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Calix presently has an average rating of “Hold” and a consensus price target of $6.50.

Shares of Calix (CALX) traded up 1.02% on Friday, hitting $4.95. 144,392 shares of the stock traded hands. The stock has a 50-day moving average price of $5.91 and a 200 day moving average price of $6.61. Calix has a 12-month low of $4.70 and a 12-month high of $8.10. The stock’s market cap is $249.02 million.

Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.15. The company had revenue of $126.12 million during the quarter, compared to analyst estimates of $123.70 million. Calix had a negative return on equity of 30.33% and a negative net margin of 12.72%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) EPS. On average, analysts anticipate that Calix will post ($1.21) earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. PEAK6 Investments L.P. bought a new position in Calix in the first quarter worth $120,000. Trexquant Investment LP bought a new position in Calix in the first quarter worth $134,000. American International Group Inc. lifted 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 worth $184,000 after purchasing an additional 1,676 shares during the period. Voya Investment Management LLC lifted its position 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 worth $189,000 after purchasing an additional 3,696 shares during the period. Finally, Wells Fargo & Company MN lifted its position 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 worth $192,000 after purchasing an additional 729 shares during the period. 64.48% of the stock is owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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