Calix (NYSE:CALX) Stock Rating Lowered by StockNews.com

Calix (NYSE:CALX) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

CALX has been the topic of a number of other research reports. Rosenblatt Securities dropped their price target 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. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Calix in a research note on Tuesday, April 23rd. Roth Mkm restated a “buy” rating and set a $50.00 price target on shares of Calix in a research report on Monday, April 22nd. Jefferies Financial Group cut Calix from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $48.00 to $30.00 in a report on Thursday, April 25th. Finally, Craig Hallum cut their price objective on Calix from $48.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.33.

Calix Trading Down 1.4 %

Shares of CALX stock opened at $30.06 on Friday. Calix has a 12-month low of $26.76 and a 12-month high of $53.90. The business’s 50 day moving average is $31.88 and its two-hundred day moving average is $36.31. The company has a market capitalization of $1.97 billion, a P/E ratio of 96.97 and a beta of 1.72.

Institutional Trading of Calix

Large investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in Calix in the 1st quarter worth approximately $48,000. TFO Wealth Partners LLC lifted its position in Calix by 13,787.5% during the fourth quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock worth $49,000 after buying an additional 1,103 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Calix by 194.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider’s stock worth $70,000 after buying an additional 1,011 shares during the last quarter. Assetmark Inc. boosted its stake in Calix by 31.9% during the third quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider’s stock worth $72,000 after buying an additional 382 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Calix by 18.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock worth $98,000 after acquiring an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.