Calix, Inc. (NYSE:CALX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Calix, Inc. (NYSE:CALXGet Free Report) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $54.60.

Several research analysts have issued reports on the stock. Rosenblatt Securities dropped their target price on shares of Calix from $57.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. JPMorgan Chase & Co. dropped their price target on shares of Calix from $51.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 25th. Roth Mkm cut their price objective on shares of Calix from $66.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. StockNews.com downgraded shares of Calix from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Finally, Needham & Company LLC dropped their target price on shares of Calix from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, January 31st.

Read Our Latest Stock Report on Calix

Hedge Funds Weigh In On Calix

Several institutional investors and hedge funds have recently modified their holdings of CALX. Advisor Group Holdings Inc. boosted its stake in shares of Calix by 7.5% in the first quarter. Advisor Group Holdings Inc. now owns 8,213 shares of the communications equipment provider’s stock valued at $353,000 after purchasing an additional 573 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Calix by 205.3% in the 1st quarter. JPMorgan Chase & Co. now owns 156,166 shares of the communications equipment provider’s stock worth $6,700,000 after buying an additional 105,006 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Calix in the 1st quarter worth about $758,000. PNC Financial Services Group Inc. increased its holdings in shares of Calix by 865.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,390 shares of the communications equipment provider’s stock worth $59,000 after acquiring an additional 1,246 shares during the period. Finally, AlphaCrest Capital Management LLC increased its holdings in shares of Calix by 167.1% in the 1st quarter. AlphaCrest Capital Management LLC now owns 7,380 shares of the communications equipment provider’s stock worth $317,000 after acquiring an additional 4,617 shares during the period. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Calix Stock Up 1.4 %

Shares of CALX opened at $35.12 on Tuesday. The firm has a fifty day simple moving average of $41.19 and a two-hundred day simple moving average of $41.41. Calix has a twelve month low of $31.64 and a twelve month high of $56.47. The stock has a market capitalization of $2.31 billion, a P/E ratio of 78.05 and a beta of 1.64.

Calix (NYSE:CALXGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Calix had a net margin of 3.06% and a return on equity of 7.91%. The firm had revenue of $264.73 million during the quarter, compared to analyst estimates of $264.41 million. During the same period in the previous year, the business posted $0.18 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts expect that Calix will post 0.87 EPS for the current fiscal year.

Calix Company Profile

(Get Free Report

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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Analyst Recommendations for Calix (NYSE:CALX)

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