Calix, Inc. (NYSE:CALX) Sees Significant Increase in Short Interest

Calix, Inc. (NYSE:CALX) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,460,000 shares, a growth of 14.6% from the March 15th total of 3,020,000 shares. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 3.4 days. Approximately 6.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Calix

Several large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its holdings in shares of Calix by 31.7% in the 2nd quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 204 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in shares of Calix in the 4th quarter worth about $45,000. Advisors Asset Management Inc. raised its holdings in shares of Calix by 102.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 996 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 503 shares during the period. TFO Wealth Partners LLC raised its holdings in shares of Calix by 13,787.5% in the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock worth $49,000 after purchasing an additional 1,103 shares during the period. Finally, KBC Group NV purchased a new position in shares of Calix in the 4th quarter worth about $50,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Trading Down 0.2 %

Shares of NYSE:CALX traded down $0.05 on Tuesday, hitting $29.37. The company had a trading volume of 1,282,314 shares, compared to its average volume of 988,476. The business has a 50 day moving average of $33.68 and a 200 day moving average of $38.04. Calix has a 52-week low of $29.08 and a 52-week high of $53.90. The company has a market cap of $1.92 billion, a PE ratio of 65.27 and a beta of 1.65.

Calix (NYSE:CALX) last released its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. Calix had a return on equity of 7.92% and a net margin of 3.06%. The firm had revenue of $264.73 million for the quarter, compared to the consensus estimate of $264.41 million. During the same period in the prior year, the business posted $0.18 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities analysts predict that Calix will post 0.45 EPS for the current year.

Analyst Upgrades and Downgrades

CALX has been the topic of several recent research reports. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Needham & Company LLC reduced their price objective on Calix from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Finally, Rosenblatt Securities reduced their price objective on Calix from $57.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Calix has a consensus rating of “Moderate Buy” and an average target price of $54.60.

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.