Calix (NYSE:CALX) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Calix (NYSE:CALX) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the company. Rosenblatt Securities decreased their price objective on Calix from $45.00 to $35.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. Roth Mkm restated a buy rating and issued a $50.00 target price on shares of Calix in a report on Monday, April 22nd. Jefferies Financial Group lowered shares of Calix from a buy rating to a hold rating and decreased their price objective for the company from $48.00 to $30.00 in a report on Thursday, April 25th. Needham & Company LLC reaffirmed a buy rating and set a $50.00 target price on shares of Calix in a research report on Tuesday, April 23rd. Finally, Craig Hallum dropped their price target on Calix from $48.00 to $41.00 and set a buy rating on the stock in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $41.33.

Calix Price Performance

Shares of CALX stock traded up $0.65 during trading hours on Thursday, hitting $29.57. The stock had a trading volume of 599,919 shares, compared to its average volume of 990,347. The stock’s 50-day moving average price is $32.34 and its two-hundred day moving average price is $36.81. Calix has a one year low of $26.76 and a one year high of $53.90. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 95.39 and a beta of 1.72.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Calix had a return on equity of 6.64% and a net margin of 2.19%. The firm had revenue of $264.73 million during the quarter, compared to the consensus estimate of $264.41 million. During the same period in the prior year, the company earned $0.18 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts predict that Calix will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Calix by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,422,915 shares of the communications equipment provider’s stock valued at $280,617,000 after acquiring an additional 58,069 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Calix by 10.5% during the 4th quarter. Wellington Management Group LLP now owns 1,755,497 shares of the communications equipment provider’s stock valued at $76,698,000 after purchasing an additional 166,695 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Calix by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,672,146 shares of the communications equipment provider’s stock worth $73,057,000 after purchasing an additional 35,992 shares in the last quarter. TD Asset Management Inc increased its position in Calix by 516.6% during the 4th quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock valued at $70,380,000 after buying an additional 1,349,625 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Calix by 15.3% in the third quarter. Ameriprise Financial Inc. now owns 1,429,624 shares of the communications equipment provider’s stock valued at $65,534,000 after buying an additional 189,676 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

About Calix

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.