Shares of Calix, Inc. (NYSE:CALX – Get Rating) have received an average rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $79.00.
CALX has been the topic of several recent research reports. TD Cowen lifted their price target on shares of Calix from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, April 21st. Roth Mkm reduced their price objective on Calix from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, April 21st. Rosenblatt Securities cut their price objective on shares of Calix from $75.00 to $70.00 in a research report on Friday, April 21st. Cowen cut their price objective on shares of Calix from $90.00 to $78.00 in a research report on Friday, January 27th. Finally, StockNews.com started coverage on shares of Calix in a research report on Thursday, March 16th. They set a “hold” rating on the stock.
Insider Buying and Selling
In related news, insider John Matthew Collins sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $44.10, for a total transaction of $220,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.69% of the stock is currently owned by corporate insiders.
Institutional Trading of Calix
Calix Price Performance
NYSE CALX opened at $43.20 on Friday. The company’s 50 day simple moving average is $49.26 and its 200 day simple moving average is $58.32. The firm has a market capitalization of $2.86 billion, a PE ratio of 70.82 and a beta of 1.55. Calix has a 12 month low of $31.59 and a 12 month high of $77.44.
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.
- Get a free copy of the StockNews.com research report on Calix (CALX)
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