Calix, Inc. (NYSE:CALX) Short Interest Update

Calix, Inc. (NYSE:CALX) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 2,460,000 shares, a drop of 5.7% from the November 30th total of 2,610,000 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average daily trading volume, of 672,400 shares, the short-interest ratio is currently 3.7 days.

Calix Stock Performance

Shares of Calix stock opened at $34.87 on Thursday. The stock has a market capitalization of $2.31 billion, a P/E ratio of -145.29 and a beta of 1.70. Calix has a 52-week low of $26.76 and a 52-week high of $45.15. The stock’s 50-day simple moving average is $34.18 and its 200 day simple moving average is $35.88.

Calix (NYSE:CALX) last posted its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The company had revenue of $200.95 million for the quarter, compared to analyst estimates of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The company’s quarterly revenue was down 23.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Equities research analysts forecast that Calix will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CALX has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $45.00 price target on shares of Calix in a report on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Calix in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Calix has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Hedge Funds Weigh In On Calix

A number of large investors have recently made changes to their positions in CALX. Hexagon Capital Partners LLC lifted its holdings in Calix by 29.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after purchasing an additional 318 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Calix by 187.9% during the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 436 shares during the period. Assetmark Inc. lifted its holdings in shares of Calix by 16.7% in the third quarter. Assetmark Inc. now owns 3,381 shares of the communications equipment provider’s stock worth $131,000 after buying an additional 485 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Calix by 0.4% in the third quarter. National Bank of Canada FI now owns 142,187 shares of the communications equipment provider’s stock worth $5,515,000 after buying an additional 520 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Calix by 42.1% in the third quarter. Farther Finance Advisors LLC now owns 1,763 shares of the communications equipment provider’s stock valued at $68,000 after acquiring an additional 522 shares during the period. 98.14% of the stock is owned by institutional investors.

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.