Calix (NYSE:CALX) Rating Reiterated by Roth Mkm

Calix (NYSE:CALX)‘s stock had its “buy” rating reissued by equities researchers at Roth Mkm in a note issued to investors on Monday. They presently have a $50.00 price target on the communications equipment provider’s stock. Roth Mkm’s price target would suggest a potential upside of 69.89% from the stock’s previous close.

Several other analysts have also commented on CALX. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Calix in a research report on Wednesday, April 17th. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, Rosenblatt Securities dropped their price target on shares of Calix from $57.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Calix Stock Performance

Calix stock traded up $0.15 during mid-day trading on Monday, reaching $29.43. 54,846 shares of the company were exchanged, compared to its average volume of 970,861. The business has a fifty day moving average of $33.38 and a 200 day moving average of $37.71. The firm has a market cap of $1.93 billion, a P/E ratio of 65.51 and a beta of 1.65. Calix has a 12-month low of $28.95 and a 12-month high of $53.90.

Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm had revenue of $264.73 million during the quarter, compared to analyst estimates of $264.41 million. Calix had a return on equity of 7.92% and a net margin of 3.06%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. Sell-side analysts predict that Calix will post 0.45 EPS for the current year.

Hedge Funds Weigh In On Calix

Several institutional investors and hedge funds have recently modified their holdings of CALX. TFO Wealth Partners LLC grew its holdings in Calix by 13,787.5% during the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock valued at $49,000 after purchasing an additional 1,103 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Calix by 194.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider’s stock valued at $70,000 after purchasing an additional 1,011 shares during the last quarter. Assetmark Inc. lifted its position in Calix by 31.9% in the 3rd quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider’s stock valued at $72,000 after purchasing an additional 382 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Calix by 18.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock worth $98,000 after buying an additional 348 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Calix during the 3rd quarter worth about $111,000. 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.