Calix (NYSE:CALX) Rating Increased to Hold at StockNews.com

Calix (NYSE:CALX) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts have also issued reports on CALX. Roth Mkm reissued a “buy” rating and issued a $50.00 price target on shares of Calix in a report on Monday, April 22nd. Rosenblatt Securities lowered their price target on shares of Calix from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Jefferies Financial Group lowered shares of Calix from a “buy” rating to a “hold” rating and lowered their target price for the stock from $48.00 to $30.00 in a report on Thursday, April 25th. Craig Hallum lowered their target price on shares of Calix from $48.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Calix in a report on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.33.

Calix Price Performance

Shares of Calix stock opened at $29.57 on Thursday. The firm has a market capitalization of $1.94 billion, a PE ratio of 95.39 and a beta of 1.72. The company’s fifty day moving average price is $32.34 and its two-hundred day moving average price is $36.81. Calix has a 52-week low of $26.76 and a 52-week high of $53.90.

Institutional Investors Weigh In On Calix

A number of hedge funds have recently added to or reduced their stakes in CALX. SG Americas Securities LLC grew its holdings in Calix by 114.1% during the 3rd quarter. SG Americas Securities LLC now owns 22,643 shares of the communications equipment provider’s stock worth $1,038,000 after acquiring an additional 12,066 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Calix by 12.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,663 shares of the communications equipment provider’s stock worth $535,000 after acquiring an additional 1,303 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Calix by 9.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 371,316 shares of the communications equipment provider’s stock worth $17,021,000 after acquiring an additional 31,912 shares during the last quarter. Inspire Investing LLC lifted its position in Calix by 5.5% during the 3rd quarter. Inspire Investing LLC now owns 6,628 shares of the communications equipment provider’s stock valued at $304,000 after purchasing an additional 348 shares during the period. Finally, Portside Wealth Group LLC lifted its position in Calix by 27.2% during the 3rd quarter. Portside Wealth Group LLC now owns 6,546 shares of the communications equipment provider’s stock valued at $296,000 after purchasing an additional 1,399 shares during the period. Institutional investors own 98.14% of the company’s stock.

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.