Brokerages Set Calix, Inc. (NYSE:CALX) PT at $41.33

Shares of Calix, Inc. (NYSE:CALX) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $41.33.

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Calix from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Roth Mkm reissued a “buy” rating and set a $50.00 price target on shares of Calix in a research report on Monday, April 22nd. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Calix in a research report on Tuesday, April 23rd. Craig Hallum reduced their price target on shares of Calix from $48.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, Jefferies Financial Group cut shares of Calix from a “buy” rating to a “hold” rating and reduced their price target for the stock from $48.00 to $30.00 in a research report on Thursday, April 25th.

Institutional Investors Weigh In On Calix

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Calix by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,422,915 shares of the communications equipment provider’s stock valued at $280,617,000 after buying an additional 58,069 shares during the last quarter. Wellington Management Group LLP increased its stake in Calix by 10.5% in the 4th quarter. Wellington Management Group LLP now owns 1,755,497 shares of the communications equipment provider’s stock valued at $76,698,000 after buying an additional 166,695 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Calix by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,672,146 shares of the communications equipment provider’s stock valued at $73,057,000 after buying an additional 35,992 shares during the last quarter. TD Asset Management Inc increased its stake in Calix by 516.6% in the 4th quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock valued at $70,380,000 after buying an additional 1,349,625 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Calix by 15.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,429,624 shares of the communications equipment provider’s stock valued at $65,534,000 after buying an additional 189,676 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Price Performance

Shares of Calix stock opened at $27.74 on Friday. Calix has a fifty-two week low of $26.76 and a fifty-two week high of $53.90. The firm has a market cap of $1.82 billion, a P/E ratio of 89.45 and a beta of 1.65. The firm has a 50 day simple moving average of $32.68 and a 200 day simple moving average of $37.04.

Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Calix had a net margin of 2.19% and a return on equity of 6.64%. The firm had revenue of $264.73 million for the quarter, compared to analysts’ expectations of $264.41 million. During the same period last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, sell-side analysts expect that Calix will post 0.45 EPS for the current year.

Calix Company Profile

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.