Calix, Inc (NYSE:CALX) was the target of a large decrease in short interest in September. As of September 29th, there was short interest totalling 906,486 shares, a decrease of 35.8% from the September 15th total of 1,411,590 shares. Based on an average daily trading volume, of 225,152 shares, the short-interest ratio is currently 4.0 days. Approximately 2.1% of the company’s stock are sold short.

A number of analysts recently weighed in on the stock. BidaskClub upgraded shares of Calix from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Calix from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Jefferies Group LLC reiterated a “hold” rating and set a $7.00 price target on shares of Calix in a research note on Friday, October 6th. ValuEngine upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Northland Securities set a $6.00 price target on shares of Calix and gave the stock a “hold” rating in a research note on Sunday, August 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Calix has a consensus rating of “Hold” and an average price target of $6.50.

Hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. boosted its holdings in shares of Calix by 7.1% during the first quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock valued at $184,000 after acquiring an additional 1,676 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Calix by 15.5% during the second quarter. Voya Investment Management LLC now owns 27,603 shares of the communications equipment provider’s stock valued at $189,000 after acquiring an additional 3,696 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Calix by 2.7% during the second quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock valued at $192,000 after acquiring an additional 729 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Calix by 14.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 28,938 shares of the communications equipment provider’s stock valued at $210,000 after acquiring an additional 3,617 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Calix by 55.4% during the second quarter. Parametric Portfolio Associates LLC now owns 30,850 shares of the communications equipment provider’s stock valued at $211,000 after acquiring an additional 11,001 shares during the period. Hedge funds and other institutional investors own 64.47% of the company’s stock.

Shares of Calix (CALX) opened at 5.65 on Wednesday. Calix has a 52 week low of $4.65 and a 52 week high of $8.10. The company’s 50-day moving average is $5.06 and its 200-day moving average is $6.20. The firm’s market cap is $284.23 million.

Calix (NYSE:CALX) last released its earnings results 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 business had revenue of $126.12 million for the quarter, compared to the consensus estimate of $123.70 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. Analysts forecast that Calix will post ($1.21) EPS for the current fiscal 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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