Calix, Inc. (NYSE:CALX) Receives $43.17 Average Target Price from Analysts

Shares of Calix, Inc. (NYSE:CALX) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.17.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Calix in a research note on Thursday, January 30th.

Institutional Investors Weigh In On Calix

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp increased its position in Calix by 159.3% during the 4th quarter. Mackenzie Financial Corp now owns 23,710 shares of the communications equipment provider’s stock valued at $827,000 after buying an additional 14,567 shares in the last quarter. North Star Asset Management Inc. boosted its stake in shares of Calix by 3.0% in the fourth quarter. North Star Asset Management Inc. now owns 92,390 shares of the communications equipment provider’s stock worth $3,222,000 after buying an additional 2,727 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Calix in the fourth quarter worth about $300,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Calix by 23.0% in 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 period. Finally, Voloridge Investment Management LLC acquired a new stake in Calix in the fourth quarter valued at approximately $7,607,000. 98.14% of the stock is owned by institutional investors.

Calix Stock Performance

Shares of Calix stock opened at $38.16 on Friday. Calix has a 52-week low of $26.76 and a 52-week high of $42.50. The stock’s 50-day simple moving average is $37.86 and its 200 day simple moving average is $36.63. The stock has a market capitalization of $2.53 billion, a P/E ratio of -84.79 and a beta of 1.70.

Calix (NYSE:CALX) last issued its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) 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%. Equities 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.