Calix Inc (NYSE:CALX) – Research analysts at Jefferies Group boosted their Q1 2018 earnings per share (EPS) estimates for shares of Calix in a research report issued on Wednesday. Jefferies Group analyst G. Notter now forecasts that the communications equipment provider will earn ($0.26) per share for the quarter, up from their prior forecast of ($0.30). Jefferies Group also issued estimates for Calix’s Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.37) EPS and FY2019 earnings at ($0.01) EPS.
Other equities analysts also recently issued reports about the company. BidaskClub upgraded Calix from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of Calix from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine raised shares of Calix from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.50.
Calix (NYSE:CALX) opened at $6.85 on Monday. The company has a market capitalization of $345.20, a PE ratio of -4.15 and a beta of 0.72. Calix has a 52 week low of $4.65 and a 52 week high of $7.40.
In other Calix news, CFO Cory Sindelar bought 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were purchased at an average price of $6.70 per share, with a total value of $33,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at approximately $100,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.50% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of Calix during the fourth quarter valued at approximately $127,000. Symmetry Peak Management LLC bought a new stake in shares of Calix during the fourth quarter valued at approximately $176,000. Nokomis Capital L.L.C. raised its holdings in shares of Calix by 8.9% during the fourth quarter. Nokomis Capital L.L.C. now owns 4,086,833 shares of the communications equipment provider’s stock valued at $24,317,000 after buying an additional 335,674 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Calix by 841.6% during the fourth quarter. Millennium Management LLC now owns 188,987 shares of the communications equipment provider’s stock valued at $1,124,000 after buying an additional 168,917 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of Calix during the fourth quarter valued at approximately $145,000. 66.59% of the stock is currently owned by institutional investors.
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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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