Calix (NYSE:CALX) PT Lowered to $41.00

Calix (NYSE:CALX) had its price target decreased by Craig Hallum from $48.00 to $41.00 in a research note published on Wednesday, Benzinga reports. Craig Hallum currently has a buy rating on the communications equipment provider’s stock.

CALX has been the topic of a number of other research reports. Needham & Company LLC restated a buy rating and issued a $50.00 price objective on shares of Calix in a report on Tuesday. Rosenblatt Securities cut their target price on Calix from $45.00 to $35.00 and set a buy rating for the company in a research note on Tuesday. Roth Mkm reaffirmed a buy rating and issued a $50.00 target price on shares of Calix in a research note on Monday. Finally, StockNews.com raised Calix from a sell rating to a hold rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Calix presently has an average rating of Moderate Buy and an average target price of $43.60.

Calix Stock Performance

Shares of CALX stock opened at $28.25 on Wednesday. The stock’s fifty day moving average is $33.04 and its two-hundred day moving average is $37.45. The firm has a market capitalization of $1.85 billion, a P/E ratio of 91.13 and a beta of 1.65. Calix has a fifty-two week low of $26.76 and a fifty-two week high of $53.90.

Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $264.73 million for the quarter, compared to analyst estimates of $264.41 million. Calix had a return on equity of 6.65% and a net margin of 2.19%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, equities analysts forecast that Calix will post 0.45 earnings per share for the current year.

Institutional Trading of Calix

Hedge funds and other institutional investors have recently modified their holdings of the business. TFO Wealth Partners LLC increased its position in shares of 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 worth $49,000 after purchasing an additional 1,103 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Calix by 194.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider’s stock worth $70,000 after purchasing an additional 1,011 shares during the last quarter. Assetmark Inc. increased its position in shares of Calix by 31.9% during the 3rd quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider’s stock worth $72,000 after purchasing an additional 382 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Calix by 18.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock worth $98,000 after purchasing an additional 348 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Calix during the 3rd quarter worth about $111,000. 98.14% of the stock is owned by institutional investors and hedge funds.

About Calix

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.