Calix (NYSE:CALX) Earns “Buy” Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Calix (NYSE:CALX) in a research note published on Monday morning, Benzinga reports. They currently have a $50.00 price target on the communications equipment provider’s stock.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC reissued a buy rating and issued a $50.00 target price on shares of Calix in a research note on Wednesday, April 17th. Rosenblatt Securities lowered their target price on shares of Calix from $57.00 to $45.00 and set a buy rating on the stock in a research note on Tuesday, January 30th. Finally, StockNews.com raised shares of Calix from a sell rating to a hold rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $43.60.

Calix Stock Performance

NYSE:CALX opened at $28.25 on Monday. The firm’s 50-day moving average is $33.04 and its 200-day moving average is $37.45. Calix has a 52-week low of $26.76 and a 52-week high of $53.90. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 91.13 and a beta of 1.65.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The company had revenue of $264.73 million for the quarter, compared to the consensus estimate of $264.41 million. Calix had a net margin of 2.19% and a return on equity of 6.65%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. Equities analysts predict that Calix will post 0.45 EPS for the current year.

Hedge Funds Weigh In On Calix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC boosted its position in Calix by 4.0% in the third quarter. Los Angeles Capital Management LLC now owns 8,224 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 314 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Calix by 0.3% in the third quarter. Panagora Asset Management Inc. now owns 103,223 shares of the communications equipment provider’s stock valued at $4,732,000 after buying an additional 339 shares in the last quarter. Inspire Investing LLC boosted its position in Calix by 5.5% in the third quarter. Inspire Investing LLC now owns 6,628 shares of the communications equipment provider’s stock valued at $304,000 after buying an additional 348 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Calix by 18.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock valued at $98,000 after buying an additional 348 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its position in Calix by 4.5% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 8,780 shares of the communications equipment provider’s stock valued at $384,000 after buying an additional 375 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.