Millennium Management LLC Boosts Position in Calix, Inc. (NYSE:CALX)

Millennium Management LLC boosted its holdings in Calix, Inc. (NYSE:CALX) by 75.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 179,801 shares of the communications equipment provider’s stock after purchasing an additional 77,387 shares during the quarter. Millennium Management LLC’s holdings in Calix were worth $6,370,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of Calix during the first quarter worth approximately $48,000. Nisa Investment Advisors LLC lifted its stake in Calix by 13.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock worth $89,000 after purchasing an additional 303 shares during the last quarter. EntryPoint Capital LLC lifted its stake in Calix by 8,924.4% in the first quarter. EntryPoint Capital LLC now owns 3,700 shares of the communications equipment provider’s stock valued at $123,000 after buying an additional 3,659 shares during the last quarter. LVW Advisors LLC bought a new stake in Calix in the second quarter valued at $208,000. Finally, Qsemble Capital Management LP bought a new stake in Calix in the second quarter valued at $220,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Rosenblatt Securities restated a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Tuesday, September 10th. Finally, Craig Hallum lifted their price target on Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Insiders Place Their Bets

In other news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $37.56, for a total transaction of $939,000.00. Following the sale, the director now owns 3,723,381 shares in the company, valued at approximately $139,850,190.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.69% of the company’s stock.

Calix Trading Down 1.2 %

Shares of NYSE CALX opened at $36.77 on Friday. The business has a fifty day simple moving average of $37.17 and a 200 day simple moving average of $34.61. Calix, Inc. has a one year low of $26.76 and a one year high of $46.29. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 118.61 and a beta of 1.74.

Calix (NYSE:CALX) last released its quarterly earnings data on Monday, July 22nd. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. Calix had a return on equity of 4.17% and a net margin of 0.52%. The firm had revenue of $198.14 million during the quarter, compared to analyst estimates of $200.77 million. During the same period in the prior year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was down 24.1% compared to the same quarter last year. On average, research analysts anticipate that Calix, Inc. will post -0.36 earnings per share for the current fiscal year.

Calix 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.