Calix, Inc (NYSE:CALX) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research analysts have also recently issued reports on CALX. Zacks Investment Research upgraded shares of Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. ValuEngine upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Northland Securities set a $7.00 target price on shares of Calix and gave the company a “hold” rating in a research note on Monday, August 7th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.00.

Shares of Calix (NYSE CALX) opened at 5.04 on Friday. The firm’s market capitalization is $252.10 million. The stock’s 50 day moving average price is $6.70 and its 200-day moving average price is $6.85. Calix has a 12 month low of $5.00 and a 12 month high of $8.10.

Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.15. Calix had a negative net margin of 12.72% and a negative return on equity of 28.88%. The company had revenue of $126.12 million for the quarter, compared to analyst estimates of $123.70 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, equities analysts anticipate that Calix will post ($1.08) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its position in Calix by 11.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 29,497 shares of the communications equipment provider’s stock worth $227,000 after buying an additional 2,925 shares during the period. State Street Corp boosted its position in Calix by 7.4% in the fourth quarter. State Street Corp now owns 731,006 shares of the communications equipment provider’s stock worth $5,627,000 after buying an additional 50,382 shares during the period. FMR LLC boosted its position in Calix by 441.6% in the fourth quarter. FMR LLC now owns 100,200 shares of the communications equipment provider’s stock worth $772,000 after buying an additional 81,700 shares during the period. First Midwest Bank Trust Division boosted its position in Calix by 1.1% in the first quarter. First Midwest Bank Trust Division now owns 55,989 shares of the communications equipment provider’s stock worth $406,000 after buying an additional 617 shares during the period. Finally, Algert Global LLC boosted its position in Calix by 17.6% in the first quarter. Algert Global LLC now owns 39,874 shares of the communications equipment provider’s stock worth $289,000 after buying an additional 5,965 shares during the period. Institutional investors own 64.69% of the company’s stock.

About Calix

Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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