Calix (CALX) Upgraded to “Outperform” by Northland Securities

Calix (NYSE:CALX) was upgraded by equities research analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports.

Several other brokerages also recently commented on CALX. BidaskClub upgraded shares of Calix from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, ValuEngine upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.50.

Shares of Calix (NYSE:CALX) opened at $6.30 on Wednesday. Calix has a 52-week low of $4.65 and a 52-week high of $7.40.

In other news, CFO Cory Sindelar acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were purchased at an average cost of $6.70 per share, for a total transaction of $33,500.00. Following the transaction, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at $100,500. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 16.50% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CALX. GSA Capital Partners LLP bought a new stake in Calix in the 3rd quarter valued at $114,000. Dynamic Technology Lab Private Ltd bought a new stake in Calix in the 3rd quarter valued at $119,000. Simplex Trading LLC bought a new stake in Calix in the 4th quarter valued at $135,000. Paloma Partners Management Co bought a new stake in Calix in the 4th quarter valued at $145,000. Finally, Voya Investment Management LLC increased its holdings in Calix by 15.5% in the 2nd quarter. Voya Investment Management LLC now owns 27,603 shares of the communications equipment provider’s stock valued at $189,000 after acquiring an additional 3,696 shares during the last quarter. Institutional investors own 67.21% of the company’s stock.

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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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