Calix Inc (NYSE:CALX) CFO Cory Sindelar purchased 5,974 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was acquired at an average cost of $6.95 per share, for a total transaction of $41,519.30. Following the transaction, the chief financial officer now owns 15,000 shares in the company, valued at approximately $104,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cory Sindelar also recently made the following trade(s):

  • On Thursday, November 30th, Cory Sindelar purchased 5,000 shares of Calix stock. The stock was acquired at an average cost of $6.70 per share, for a total transaction of $33,500.00.

Calix Inc (CALX) traded down $0.30 during trading hours on Thursday, reaching $6.60. 688,200 shares of the company’s stock traded hands, compared to its average volume of 218,617. Calix Inc has a 52-week low of $4.65 and a 52-week high of $8.10.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, November 7th. The communications equipment provider reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.04). The firm had revenue of $128.80 million during the quarter, compared to analysts’ expectations of $127.92 million. Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. equities research analysts forecast that Calix Inc will post -1.52 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in Calix in the 3rd quarter valued at about $114,000. Dynamic Technology Lab Private Ltd purchased a new stake in Calix in the 3rd quarter valued at about $119,000. American International Group Inc. increased its stake in shares of Calix by 7.1% during the 1st 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 last quarter. Voya Investment Management LLC increased its stake in shares of Calix by 15.5% during the 2nd 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 last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Calix by 2.7% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 67.08% of the company’s stock.

Several brokerages recently weighed in on CALX. Northland Securities set a $6.00 price target on shares of Calix and gave the company a “hold” rating in a research report on Sunday, August 13th. BidaskClub upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Jefferies Group reiterated a “hold” rating and issued a $7.00 price objective on shares of Calix in a research note on Friday, October 6th. Zacks Investment Research lowered shares of Calix from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, ValuEngine upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.50.

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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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