Short Interest in Calix, Inc. (NYSE:CALX) Expands By 11.0%

Calix, Inc. (NYSE:CALX) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 2,730,000 shares, an increase of 11.0% from the December 15th total of 2,460,000 shares. Currently, 4.6% of the company’s stock are short sold. Based on an average daily volume of 693,900 shares, the short-interest ratio is currently 3.9 days.

Calix Trading Down 0.1 %

NYSE CALX traded down $0.05 on Monday, hitting $37.93. 233,441 shares of the stock traded hands, compared to its average volume of 446,743. The company has a market capitalization of $2.52 billion, a P/E ratio of -158.02 and a beta of 1.68. The stock has a 50-day moving average of $34.35 and a 200 day moving average of $36.04. Calix has a twelve month low of $26.76 and a twelve month high of $45.15.

Calix (NYSE:CALX) last posted its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The business had revenue of $200.95 million for the quarter, compared to analyst estimates of $201.06 million. During the same period in the prior year, the company posted $0.25 EPS. The business’s revenue was down 23.8% compared to the same quarter last year. As a group, equities research analysts expect that Calix will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Calix

Institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Calix by 5.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,608 shares of the communications equipment provider’s stock worth $5,027,000 after purchasing an additional 6,984 shares in the last quarter. HighTower Advisors LLC acquired a new position in Calix during the 3rd quarter valued at about $3,513,000. Geode Capital Management LLC increased its stake in Calix by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,331,565 shares of the communications equipment provider’s stock valued at $51,661,000 after buying an additional 14,725 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Calix by 28.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 129,359 shares of the communications equipment provider’s stock worth $4,583,000 after buying an additional 28,685 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of Calix by 184.0% in the 3rd quarter. Barclays PLC now owns 113,579 shares of the communications equipment provider’s stock worth $4,404,000 after acquiring an additional 73,588 shares during the period. 98.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on CALX shares. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Calix in a research report on Tuesday, October 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 target price on shares of Calix in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.50.

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.