Calix, Inc. (NYSE:CALX) Given Average Recommendation of “Moderate Buy” by Brokerages

Calix, Inc. (NYSE:CALXGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $54.60.

A number of analysts have recently weighed in on CALX shares. Needham & Company LLC cut their price objective on Calix from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Rosenblatt Securities dropped their target price on Calix from $57.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. Finally, StockNews.com raised Calix from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th.

Check Out Our Latest Analysis on Calix

Hedge Funds Weigh In On Calix

Large investors have recently bought and sold shares of the stock. Coppell Advisory Solutions Corp. acquired a new position in Calix in the fourth quarter valued at $45,000. Altshuler Shaham Ltd acquired a new stake in shares of Calix during the fourth quarter worth about $54,000. Captrust Financial Advisors boosted its stake in shares of Calix by 31.7% during the second quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock worth $29,000 after buying an additional 204 shares during the period. Natixis acquired a new stake in shares of Calix during the fourth quarter worth about $60,000. Finally, Quarry LP boosted its stake in shares of Calix by 483.2% during the first quarter. Quarry LP now owns 974 shares of the communications equipment provider’s stock worth $52,000 after buying an additional 807 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Trading Down 1.2 %

Calix stock opened at $32.03 on Wednesday. Calix has a twelve month low of $31.31 and a twelve month high of $56.47. The stock’s fifty day simple moving average is $35.04 and its 200-day simple moving average is $39.04. The firm has a market capitalization of $2.10 billion, a P/E ratio of 71.18 and a beta of 1.65.

Calix (NYSE:CALXGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Calix had a return on equity of 7.92% and a net margin of 3.06%. The business had revenue of $264.73 million for the quarter, compared to analyst estimates of $264.41 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. Sell-side analysts predict that Calix will post 0.45 earnings per share for the current year.

Calix Company Profile

(Get Free Report

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.

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Analyst Recommendations for Calix (NYSE:CALX)

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