BidaskClub upgraded shares of Calix, Inc (NYSE:CALX) from a sell rating to a hold rating in a report issued on Tuesday.

CALX has been the subject of several other reports. Northland Securities set a $7.00 price objective on Calix and gave the company a hold rating in a research note on Monday, August 7th. Zacks Investment Research downgraded Calix from a hold rating to a sell rating in a research note on Monday, August 14th. Finally, ValuEngine raised Calix from a strong sell rating to a sell rating in a research note on Friday, September 1st. 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 stock presently has a consensus rating of Hold and an average price target of $6.50.

Shares of Calix (CALX) traded up 0.446% during mid-day trading on Tuesday, hitting $5.625. The company had a trading volume of 131,367 shares. The firm’s market capitalization is $282.98 million. The firm has a 50-day moving average price of $4.94 and a 200 day moving average price of $6.28. Calix has a 12 month low of $4.65 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 the consensus estimate of ($0.15) by ($0.15). Calix had a negative net margin of 12.72% and a negative return on equity of 30.33%. The firm had revenue of $126.12 million during the quarter, compared to analysts’ expectations of $123.70 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, equities research analysts forecast that Calix will post ($1.21) earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Calix, Inc (CALX) Raised to Hold at BidaskClub” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.watchlistnews.com/calix-inc-calx-raised-to-hold-at-bidaskclub/1613327.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Midwest Bank Trust Division increased its stake in Calix by 0.9% in the 2nd quarter. First Midwest Bank Trust Division now owns 56,480 shares of the communications equipment provider’s stock valued at $387,000 after purchasing an additional 491 shares in the last quarter. Rhumbline Advisers increased its stake in Calix by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 51,332 shares of the communications equipment provider’s stock valued at $352,000 after purchasing an additional 690 shares in the last quarter. Wells Fargo & Company MN increased its stake in Calix by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock valued at $192,000 after purchasing an additional 729 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Calix by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 160,938 shares of the communications equipment provider’s stock valued at $1,103,000 after purchasing an additional 1,102 shares in the last quarter. Finally, American International Group Inc. increased its stake in Calix by 7.1% in the 1st quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock valued at $184,000 after purchasing an additional 1,676 shares in the last quarter. 64.47% of the stock is owned by hedge funds and other institutional investors.

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.

Receive News & Ratings for Calix Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calix Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.