Calix, Inc. (NYSE:CALX) Director Sells $1,348,987.50 in Stock

Calix, Inc. (NYSE:CALX – Get Rating) Director Donald J. Listwin sold 33,750 shares of the business’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $39.97, for a total transaction of $1,348,987.50. Following the sale, the director now owns 751,250 shares of the company’s stock, valued at approximately $30,027,462.50. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of NYSE:CALX opened at $33.92 on Thursday. The company’s 50-day moving average is $41.35 and its 200 day moving average is $54.50. The company has a market capitalization of $2.19 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 6.33 and a beta of 1.56. Calix, Inc. has a fifty-two week low of $33.61 and a fifty-two week high of $80.95.

Calix (NYSE:CALX – Get Rating) last issued its quarterly earnings results on Monday, April 25th. The communications equipment provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $184.95 million for the quarter, compared to the consensus estimate of $177.64 million. Calix had a net margin of 32.17% and a return on equity of 11.66%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. As a group, analysts predict that Calix, Inc. will post 0.3 EPS for the current year.

A number of brokerages have commented on CALX. Jefferies Financial Group decreased their price target on shares of Calix from $74.00 to $69.00 in a research note on Wednesday, April 27th. Cowen decreased their price target on shares of Calix from $57.00 to $48.00 in a research note on Wednesday, April 27th. Northland Securities boosted their price target on shares of Calix from $45.00 to $50.00 in a research note on Wednesday, April 27th. StockNews.com began coverage on shares of Calix in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $73.00 price objective on shares of Calix in a report on Thursday, February 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Calix has a consensus rating of “Buy” and an average target price of $62.91.

Large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Calix by 8.2% during the fourth quarter. BlackRock Inc. now owns 5,105,110 shares of the communications equipment provider’s stock valued at $408,257,000 after purchasing an additional 385,576 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Calix by 12.1% during the third quarter. Alliancebernstein L.P. now owns 2,988,198 shares of the communications equipment provider’s stock valued at $147,707,000 after purchasing an additional 322,325 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Calix by 6.6% during the third quarter. Thrivent Financial for Lutherans now owns 2,685,523 shares of the communications equipment provider’s stock valued at $132,746,000 after purchasing an additional 165,641 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Calix by 14.3% during the third quarter. Bank of New York Mellon Corp now owns 1,975,829 shares of the communications equipment provider’s stock valued at $97,665,000 after purchasing an additional 247,656 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Calix by 14.8% during the third quarter. Wellington Management Group LLP now owns 1,771,962 shares of the communications equipment provider’s stock valued at $87,588,000 after purchasing an additional 228,613 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Calix Company Profile (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.

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