Analysts Set Calix, Inc. (NYSE:CALX) PT at $43.17

Calix, Inc. (NYSE:CALX) has earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $43.17.

A number of brokerages have commented on CALX. JPMorgan Chase & Co. upped their price objective on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Thursday, January 30th.

Insider Activity

In other news, Director Carl Russo sold 25,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value of $953,750.00. Following the completion of the transaction, the director now owns 2,164,188 shares in the company, valued at $82,563,772.20. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 16.69% of the company’s stock.

Institutional Investors Weigh In On Calix

A number of large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings in Calix by 367.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 640 shares in the last quarter. Avior Wealth Management LLC increased 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 valued at $46,000 after acquiring an additional 1,078 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Calix by 29.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock valued at $54,000 after acquiring an additional 358 shares in the last quarter. Truvestments Capital LLC purchased a new position in Calix during the 3rd quarter valued at about $76,000. Finally, FMR LLC increased its holdings in Calix by 49.0% during the 3rd quarter. FMR LLC now owns 2,398 shares of the communications equipment provider’s stock valued at $93,000 after acquiring an additional 789 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Price Performance

CALX stock opened at $35.97 on Wednesday. The company has a fifty day moving average price of $37.41 and a 200 day moving average price of $36.27. Calix has a 12 month low of $26.76 and a 12 month high of $42.50. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -79.94 and a beta of 1.78.

Calix (NYSE:CALX) last released its quarterly earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. As a group, analysts anticipate that Calix will post -0.43 earnings per share for the current year.

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.