Calix Inc. (CALX) Given Consensus Rating of “Buy” by Analysts

Calix Inc. (NYSE:CALX) has earned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $7.67.

CALX has been the topic of a number of research reports. ValuEngine upgraded Calix from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 14th. Finally, Drexel Hamilton restated a “buy” rating and issued a $8.50 target price on shares of Calix in a research report on Wednesday, March 21st.

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Shares of Calix stock traded down $0.05 on Friday, reaching $6.90. 69,816 shares of the company were exchanged, compared to its average volume of 151,369. The stock has a market capitalization of $350.24, a price-to-earnings ratio of -4.42 and a beta of 0.64. Calix has a 1-year low of $4.65 and a 1-year high of $7.38.

Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, February 13th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). The company had revenue of $137.90 million for the quarter, compared to analyst estimates of $142.34 million. Calix had a negative return on equity of 48.53% and a negative net margin of 16.27%. research analysts forecast that Calix will post -0.2 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new stake in Calix in the 4th quarter valued at approximately $127,000. Symmetry Peak Management LLC acquired a new stake in Calix in the 4th quarter valued at approximately $176,000. Nokomis Capital L.L.C. increased its position in Calix by 8.9% in the 4th 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 acquiring an additional 335,674 shares during the period. Millennium Management LLC increased its position in Calix by 841.6% in the 4th quarter. Millennium Management LLC now owns 188,987 shares of the communications equipment provider’s stock valued at $1,124,000 after acquiring an additional 168,917 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Calix in the 4th quarter valued at approximately $145,000. Hedge funds and other institutional investors own 64.85% of the company’s stock.

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About Calix

Calix, Inc, together with its subsidiaries, develops, markets, and sells software platforms, systems, and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to access networks. Its portfolio consists of E-Series access systems and nodes, B-Series access nodes, C-Series multiservice access system, and P-Series optical network terminals and residential gateways.

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