Calix Inc (CALX) CFO Cory Sindelar Purchases 5,000 Shares

Calix Inc (NYSE:CALX) CFO Cory Sindelar bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was acquired at an average cost of $6.70 per share, with a total value of $33,500.00. Following the completion of the acquisition, the chief financial officer now owns 15,000 shares of the company’s stock, valued at approximately $100,500. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, November 28th, Cory Sindelar bought 5,974 shares of Calix stock. The stock was acquired at an average cost of $6.95 per share, with a total value of $41,519.30.

Calix Inc (NYSE CALX) traded down $0.30 during midday trading 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 consensus estimate of ($0.24) by ($0.04). The firm had revenue of $128.80 million for the quarter, compared to analysts’ expectations of $127.92 million. Calix had a negative return on equity of 43.76% and a negative net margin of 16.19%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 earnings per share. equities analysts anticipate that Calix Inc will post -1.52 EPS for the current fiscal year.

A number of research analysts recently weighed in on the stock. Jefferies Group reissued a “hold” rating and issued a $7.00 target price on shares of Calix in a report on Friday, October 6th. BidaskClub lowered shares of Calix from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Northland Securities set a $7.00 target price on shares of Calix and gave the company a “hold” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Calix from a “hold” rating to a “sell” rating in a report on Monday, November 13th. Finally, ValuEngine raised shares of Calix from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Calix presently has a consensus rating of “Hold” and a consensus target price of $6.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new position in Calix during the third quarter worth $114,000. California Public Employees Retirement System boosted its stake in Calix by 23.6% during the third quarter. California Public Employees Retirement System now owns 185,235 shares of the communications equipment provider’s stock worth $935,000 after buying an additional 35,335 shares during the period. Trigran Investments Inc. purchased a new position in Calix during the third quarter worth $445,000. Schwab Charles Investment Management Inc. boosted its stake in Calix by 6.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 171,087 shares of the communications equipment provider’s stock worth $864,000 after buying an additional 10,149 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Calix by 61.6% during the third quarter. Wells Fargo & Company MN now owns 45,349 shares of the communications equipment provider’s stock worth $229,000 after buying an additional 17,295 shares during the period. 67.08% of the stock is owned by institutional investors.

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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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