Calix Inc (NYSE:CALX) CFO Cory Sindelar purchased 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were purchased at an average cost of $6.70 per share, for a total transaction of $33,500.00. Following the transaction, the chief financial officer now owns 15,000 shares of the company’s stock, valued at $100,500. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Cory Sindelar also recently made the following trade(s):

  • On Tuesday, November 28th, Cory Sindelar purchased 5,974 shares of Calix stock. The shares were purchased at an average cost of $6.95 per share, for a total transaction of $41,519.30.

Calix Inc (CALX) traded up $0.15 on Friday, reaching $6.75. The company’s stock had a trading volume of 355,790 shares, compared to its average volume of 349,166. Calix Inc has a 52 week low of $4.65 and a 52 week high of $8.10.

Calix (NYSE:CALX) last released its earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.04). The company had revenue of $128.80 million during the quarter, compared to analyst estimates of $127.92 million. Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. equities analysts expect that Calix Inc will post -1.52 EPS for the current year.

Several research firms have commented on CALX. ValuEngine raised Calix from a “sell” rating to a “hold” rating in a research report on Friday. Northland Securities set a $7.00 price target on Calix and gave the stock a “hold” rating in a research report on Monday, August 7th. BidaskClub raised Calix from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered Calix from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $7.00 price target on shares of Calix in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Calix currently has an average rating of “Hold” and an average target price of $6.50.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Calix by 3.5% in the second quarter. Vanguard Group Inc. now owns 3,459,000 shares of the communications equipment provider’s stock valued at $23,694,000 after purchasing an additional 115,818 shares during the period. Lapides Asset Management LLC increased its holdings in shares of Calix by 11.0% in the third quarter. Lapides Asset Management LLC now owns 3,248,000 shares of the communications equipment provider’s stock valued at $16,402,000 after purchasing an additional 321,400 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Calix by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,152,512 shares of the communications equipment provider’s stock valued at $21,595,000 after purchasing an additional 25,713 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Calix by 8.9% in the second quarter. Renaissance Technologies LLC now owns 2,626,018 shares of the communications equipment provider’s stock valued at $17,988,000 after purchasing an additional 214,418 shares during the period. Finally, Divisar Capital Management LLC increased its holdings in shares of Calix by 479.1% in the second quarter. Divisar Capital Management LLC now owns 1,073,236 shares of the communications equipment provider’s stock valued at $7,352,000 after purchasing an additional 887,915 shares during the period. 67.08% of the stock is currently owned by institutional investors and hedge funds.

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Calix Company Profile

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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