State Street Corp Has $89.84 Million Position in Calix, Inc. (NYSE:CALX)

State Street Corp grew its holdings in shares of Calix, Inc. (NYSE:CALX) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,316,174 shares of the communications equipment provider’s stock after acquiring an additional 5,462 shares during the period. State Street Corp’s holdings in Calix were worth $89,844,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Calix by 187.9% during the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 436 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Calix during the 3rd quarter worth about $34,000. Arcadia Investment Management Corp MI acquired a new stake in Calix during the 3rd quarter worth about $39,000. Avior Wealth Management LLC grew its holdings in Calix by 998.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 1,078 shares during the period. Finally, Hexagon Capital Partners LLC grew its holdings in Calix by 29.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after acquiring an additional 318 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Performance

Shares of NYSE CALX opened at $36.06 on Tuesday. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $45.15. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -150.25 and a beta of 1.70. The firm’s 50-day simple moving average is $34.94 and its 200 day simple moving average is $35.94.

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

Wall Street Analyst Weigh In

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