Calix, Inc. (NYSE:CALX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Calix, Inc. (NYSE:CALX) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $43.17.

A number of brokerages have recently weighed in on CALX. JPMorgan Chase & Co. upped their target price on Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Thursday, January 30th.

Insider Activity at Calix

In related news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total value of $953,750.00. Following the completion of the sale, the director now owns 2,164,188 shares of the company’s stock, valued at approximately $82,563,772.20. The trade was a 1.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Calix

Several large investors have recently made changes to their positions in CALX. Polar Asset Management Partners Inc. grew its holdings in Calix by 8.4% during the fourth quarter. Polar Asset Management Partners Inc. now owns 607,500 shares of the communications equipment provider’s stock valued at $21,184,000 after purchasing an additional 47,200 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Calix by 159.3% during the fourth quarter. Mackenzie Financial Corp now owns 23,710 shares of the communications equipment provider’s stock valued at $827,000 after purchasing an additional 14,567 shares during the last quarter. North Star Asset Management Inc. grew its holdings in Calix by 3.0% during the fourth quarter. North Star Asset Management Inc. now owns 92,390 shares of the communications equipment provider’s stock valued at $3,222,000 after purchasing an additional 2,727 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Calix during the fourth quarter valued at approximately $300,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Calix by 23.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,423 shares of the communications equipment provider’s stock valued at $5,559,000 after purchasing an additional 29,815 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Trading Up 2.9 %

NYSE CALX opened at $34.37 on Wednesday. The stock’s 50-day moving average price is $37.54 and its two-hundred day moving average price is $36.29. The company has a market cap of $2.29 billion, a PE ratio of -76.38 and a beta of 1.78. Calix has a 1 year low of $26.76 and a 1 year high of $42.50.

Calix (NYSE:CALX) last posted its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. Research analysts forecast that Calix will post -0.43 EPS for the current fiscal 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.