Calix, Inc (CALX) – What Are Analysts Thinking About This Stock?

Calix, Inc (NYSE:CALX) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $63.86.

A number of analysts recently issued reports on CALX shares. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Roth Capital reaffirmed a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Weiss Ratings raised shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Rosenblatt Securities cut their price target on shares of Calix from $70.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 21st.

Insider Activity

In other news, Director Carl Russo sold 75,000 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the transaction, the director directly owned 1,569,188 shares in the company, valued at approximately $56,804,605.60. This represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

Institutional Trading of Calix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio lifted its position in Calix by 1.5% during the first quarter. Strs Ohio now owns 20,600 shares of the communications equipment provider’s stock valued at $1,009,000 after buying an additional 300 shares during the period. Hsbc Holdings PLC raised its position in Calix by 3.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,140 shares of the communications equipment provider’s stock worth $940,000 after buying an additional 647 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Calix by 24,733.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock valued at $39,000 after buying an additional 742 shares during the period. Harbor Investment Advisory LLC bought a new position in shares of Calix in the 2nd quarter worth approximately $31,000. Finally, Diversified Trust Co raised its holdings in Calix by 9.0% in the 1st quarter. Diversified Trust Co now owns 11,057 shares of the communications equipment provider’s stock worth $542,000 after purchasing an additional 910 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Price Performance

Shares of CALX stock opened at $36.67 on Thursday. The firm has a 50-day moving average of $36.45 and a 200-day moving average of $39.04. The company has a market cap of $2.31 billion, a P/E ratio of 49.56 and a beta of 1.32. Calix has a one year low of $32.35 and a one year high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Calix had a net margin of 4.61% and a return on equity of 6.17%. The business had revenue of $293.33 million during the quarter, compared to the consensus estimate of $289.96 million. During the same quarter last year, the company posted $0.33 earnings per share. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. As a group, research analysts expect that Calix will post 0.89 earnings per share for the current fiscal year.

Calix Company Profile

Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.

The company’s offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.

Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.