Calix (NYSE:CALX) Sets New 1-Year Low at $28.95

Shares of Calix, Inc. (NYSE:CALX) hit a new 52-week low on Thursday . The stock traded as low as $28.95 and last traded at $29.00, with a volume of 15924 shares traded. The stock had previously closed at $29.18.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CALX shares. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Calix in a report on Wednesday. Finally, Rosenblatt Securities lowered their target price on Calix from $57.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and an average price target of $54.60.

Calix Trading Down 0.6 %

The stock has a market capitalization of $1.91 billion, a P/E ratio of 65.06 and a beta of 1.65. The company has a 50-day moving average price of $33.38 and a 200 day moving average price of $37.80.

Calix (NYSE:CALX) last announced its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Calix had a return on equity of 7.92% and a net margin of 3.06%. The company had revenue of $264.73 million for the quarter, compared to analyst estimates of $264.41 million. During the same period in the prior year, the company posted $0.18 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, research analysts expect that Calix, Inc. will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CALX. Captrust Financial Advisors increased its position in Calix by 31.7% during the 2nd quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock valued at $29,000 after buying an additional 204 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Calix during the 4th quarter valued at about $45,000. Advisors Asset Management Inc. grew its stake in Calix by 102.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 996 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 503 shares during the last quarter. TFO Wealth Partners LLC grew its stake in Calix by 13,787.5% during the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock valued at $49,000 after purchasing an additional 1,103 shares during the last quarter. Finally, KBC Group NV purchased a new stake in Calix during the 4th quarter valued at about $50,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Company Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.