BNP Paribas Financial Markets Grows Stake in Calix, Inc. (NYSE:CALX)

BNP Paribas Financial Markets boosted its position in shares of Calix, Inc. (NYSE:CALX) by 14.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,204 shares of the communications equipment provider’s stock after purchasing an additional 3,190 shares during the quarter. BNP Paribas Financial Markets’ holdings in Calix were worth $978,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mesirow Institutional Investment Management Inc. increased its holdings in Calix by 8.9% during the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 358,647 shares of the communications equipment provider’s stock worth $12,707,000 after purchasing an additional 29,367 shares during the period. Kornitzer Capital Management Inc. KS increased its holdings in Calix by 9.2% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 812,053 shares of the communications equipment provider’s stock worth $28,771,000 after purchasing an additional 68,300 shares during the period. Envestnet Asset Management Inc. increased its holdings in Calix by 28.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 129,359 shares of the communications equipment provider’s stock worth $4,583,000 after purchasing an additional 28,685 shares during the period. Creative Planning purchased a new position in Calix during the 2nd quarter worth $513,000. Finally, Paradigm Capital Management Inc. NY increased its holdings in Calix by 9.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider’s stock worth $47,366,000 after purchasing an additional 115,500 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Price Performance

Calix stock opened at $34.77 on Wednesday. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -144.88 and a beta of 1.70. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $45.15. The business has a fifty day moving average price of $35.10 and a 200-day moving average price of $35.89.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $200.95 million during the quarter, compared to analysts’ expectations of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The business’s quarterly revenue was down 23.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. On average, equities research analysts anticipate that Calix, Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CALX. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 target price on shares of Calix in a research report on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Calix in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.50.

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.