Calix, Inc. (NYSE:CALX – Get Rating) Director Kevin A. Denuccio sold 12,477 shares of Calix stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $40.00, for a total value of $499,080.00. Following the completion of the transaction, the director now owns 80,000 shares in the company, valued at approximately $3,200,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of CALX opened at $41.37 on Thursday. The stock’s 50-day moving average price is $43.07 and its two-hundred day moving average price is $55.20. Calix, Inc. has a 12 month low of $36.50 and a 12 month high of $80.95. The company has a market capitalization of $2.67 billion, a PE ratio of 12.46, a PEG ratio of 6.94 and a beta of 1.56.
Calix (NYSE:CALX – Get Rating) last issued its quarterly earnings data on Monday, April 25th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. Calix had a return on equity of 11.66% and a net margin of 32.17%. The company had revenue of $184.95 million during the quarter, compared to the consensus estimate of $177.64 million. During the same period last year, the company earned $0.32 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. Equities research analysts forecast that Calix, Inc. will post 0.3 EPS for the current fiscal year.
Several equities research analysts recently issued reports on CALX shares. Cowen decreased their price target on shares of Calix from $57.00 to $48.00 in a report on Wednesday, April 27th. TheStreet cut shares of Calix from a “b” rating to a “c” rating in a research note on Thursday, January 27th. StockNews.com began coverage on Calix in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Cowen reduced their price objective on Calix from $57.00 to $48.00 in a research report on Wednesday, April 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $73.00 target price on shares of Calix in a report on Thursday, February 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $62.91.
About Calix (Get Rating)
Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.
- Get a free copy of the StockNews.com research report on Calix (CALX)
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