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.
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.
TRADEMARK VIOLATION NOTICE: “Calix Inc. (CALX) Given Consensus Rating of “Buy” by Analysts” was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.thelincolnianonline.com/2018/04/22/calix-inc-calx-given-consensus-rating-of-buy-by-analysts.html.
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.
Receive News & Ratings for Calix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calix and related companies with MarketBeat.com's FREE daily email newsletter.