Calix (NYSE:CALX) Rating Increased to Hold at StockNews.com

Calix (NYSE:CALX) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other research firms have also commented on CALX. Rosenblatt Securities dropped their price objective on shares of Calix from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Craig Hallum dropped their price objective on shares of Calix from $48.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Roth Mkm restated a “buy” rating and issued a $50.00 price objective on shares of Calix in a research note on Monday, April 22nd. Jefferies Financial Group lowered shares of Calix from a “buy” rating to a “hold” rating and dropped their price objective for the company from $48.00 to $30.00 in a research note on Thursday, April 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Calix in a research note on Tuesday, April 23rd. Three research 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.33.

Calix Price Performance

Shares of NYSE:CALX opened at $29.57 on Thursday. The company’s fifty day moving average price is $32.34 and its 200 day moving average price is $36.81. Calix has a 12 month low of $26.76 and a 12 month high of $53.90. The firm has a market capitalization of $1.94 billion, a P/E ratio of 95.39 and a beta of 1.72.

Institutional Trading of Calix

Hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Calix during the first quarter worth about $1,201,000. FORA Capital LLC purchased a new stake in Calix during the first quarter worth about $724,000. Capstone Investment Advisors LLC purchased a new stake in Calix during the first quarter worth about $321,000. BNP Paribas Financial Markets boosted its holdings in Calix by 8.5% during the first quarter. BNP Paribas Financial Markets now owns 53,995 shares of the communications equipment provider’s stock worth $1,790,000 after buying an additional 4,231 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Calix during the first quarter worth about $242,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.