Calix, Inc (NYSE:CALX) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $6.50.

Several equities research analysts have issued reports on CALX shares. Northland Securities set a $7.00 price objective on shares of Calix and gave the stock a “hold” rating in a research report on Monday, August 7th. Zacks Investment Research downgraded shares of Calix from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. ValuEngine upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th.

Several large investors have recently added to or reduced their stakes in CALX. First Midwest Bank Trust Division increased its stake in Calix by 0.9% in the second quarter. First Midwest Bank Trust Division now owns 56,480 shares of the communications equipment provider’s stock worth $387,000 after buying an additional 491 shares during the last quarter. Rhumbline Advisers increased its stake in Calix by 1.4% in the second quarter. Rhumbline Advisers now owns 51,332 shares of the communications equipment provider’s stock worth $352,000 after buying an additional 690 shares during the last quarter. Wells Fargo & Company MN increased its stake in Calix by 2.7% in the second quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock worth $192,000 after buying an additional 729 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Calix by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 160,938 shares of the communications equipment provider’s stock worth $1,103,000 after buying an additional 1,102 shares during the last quarter. Finally, American International Group Inc. increased its stake in Calix by 7.1% in the first quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock worth $184,000 after buying an additional 1,676 shares during the last quarter. Institutional investors own 64.48% of the company’s stock.

Shares of Calix (CALX) remained flat at $4.90 during midday trading on Tuesday. 245,787 shares of the stock traded hands. Calix has a 1-year low of $4.70 and a 1-year high of $8.10. The company’s 50 day moving average price is $6.16 and its 200 day moving average price is $6.69. The firm’s market cap is $246.50 million.

Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.15. The company had revenue of $126.12 million for the quarter, compared to analyst estimates of $123.70 million. Calix had a negative return on equity of 30.33% and a negative net margin of 12.72%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) earnings per share. Analysts predict that Calix will post ($1.21) earnings per share for the current year.

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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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