Calix (NYSE:CALX) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Calix (NYSE:CALX – Get Rating) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

A number of other research firms have also recently issued reports on CALX. Cowen reduced their target price on shares of Calix from $90.00 to $78.00 in a research note on Friday, January 27th. TheStreet cut shares of Calix from a “b-” rating to a “c+” rating in a research note on Monday, January 30th. Needham & Company LLC boosted their price objective on shares of Calix from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, December 22nd. Rosenblatt Securities reduced their price objective on shares of Calix from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, February 6th. Finally, Loop Capital boosted their price objective on shares of Calix from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Calix Stock Up 1.1 %

NYSE CALX opened at $50.28 on Thursday. The stock has a market capitalization of $3.33 billion, a PE ratio of 85.22 and a beta of 1.55. The company has a 50 day moving average price of $55.07 and a two-hundred day moving average price of $61.40. Calix has a 12-month low of $31.59 and a 12-month high of $77.44.

Insider Activity at Calix

In related news, insider John Matthew Collins sold 5,000 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $54.48, for a total transaction of $272,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.56% of the company’s stock.

Institutional Investors Weigh In On Calix

Several institutional investors and hedge funds have recently bought and sold shares of CALX. Ronald Blue Trust Inc. increased its holdings in Calix by 100.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 460 shares of the communications equipment provider’s stock valued at $28,000 after buying an additional 230 shares during the period. Captrust Financial Advisors grew its holdings in shares of Calix by 31.7% in the 2nd quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 204 shares during the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of Calix in the 3rd quarter worth about $31,000. Ellevest Inc. grew its holdings in shares of Calix by 382.1% in the 3rd quarter. Ellevest Inc. now owns 540 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 428 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of Calix in the 4th quarter worth about $45,000. Institutional investors own 81.90% of the company’s stock.

Calix Company Profile

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Calix, Inc provides cloud and software platforms, systems and services required to realize the unified access network. The firm offers broadband communications access systems and software for fiber and copper-based network architectures that enable communications service providers to transform their networks and connect to their residential and business subscribers.