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

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

Several equities research analysts recently weighed in on CALX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Polar Asset Management Partners Inc. boosted its holdings in shares of Calix by 8.4% in the 4th quarter. Polar Asset Management Partners Inc. now owns 607,500 shares of the communications equipment provider’s stock valued at $21,184,000 after buying an additional 47,200 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Calix by 159.3% in 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 holdings in shares of Calix by 3.0% in the 4th quarter. North Star Asset Management Inc. now owns 92,390 shares of the communications equipment provider’s stock valued at $3,222,000 after buying an additional 2,727 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Calix in the 4th quarter valued at $300,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Calix by 23.0% in the 4th 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 buying an additional 29,815 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Stock Performance

Calix stock opened at $35.97 on Wednesday. The company’s 50 day simple moving average is $37.41 and its 200-day simple moving average is $36.27. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -79.94 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 released its quarterly earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. Equities analysts expect that Calix will post -0.43 earnings per share for the current year.

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.