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

Calix, Inc. (NYSE:CALX) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $41.33.

Several research firms recently commented on CALX. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Calix in a report on Tuesday, April 23rd. Roth Mkm reiterated a “buy” rating and issued a $50.00 price objective on shares of Calix in a report on Monday, April 22nd. Rosenblatt Securities reduced their price objective on Calix from $45.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Craig Hallum reduced their price objective on Calix from $48.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group downgraded Calix from a “buy” rating to a “hold” rating and cut their price target for the company from $48.00 to $30.00 in a research note on Thursday.

Institutional Investors Weigh In On Calix

A number of large investors have recently made changes to their positions in CALX. Vanguard Group Inc. lifted its position in shares of Calix by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,364,846 shares of the communications equipment provider’s stock valued at $291,765,000 after buying an additional 298,277 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Calix by 24.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,588,802 shares of the communications equipment provider’s stock valued at $72,831,000 after buying an additional 313,380 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of Calix during the 4th quarter valued at about $18,165,000. Ameriprise Financial Inc. lifted its position in shares of Calix by 15.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,429,624 shares of the communications equipment provider’s stock valued at $65,534,000 after buying an additional 189,676 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Calix by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 461,005 shares of the communications equipment provider’s stock valued at $21,132,000 after buying an additional 20,015 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Calix Price Performance

CALX opened at $28.40 on Friday. The stock has a 50-day moving average price of $32.79 and a 200-day moving average price of $37.21. The firm has a market cap of $1.86 billion, a PE ratio of 91.61 and a beta of 1.65. Calix has a 1 year low of $26.76 and a 1 year high of $53.90.

Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. Calix had a return on equity of 6.64% and a net margin of 2.19%. The company had revenue of $264.73 million during the quarter, compared to the consensus estimate of $264.41 million. During the same period last year, the company earned $0.18 EPS. Calix’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Calix will post 0.45 EPS for the current year.

About Calix

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.