Calix (NYSE:CALX) Lowered to “Sell” at StockNews.com

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

Other equities research analysts have also issued reports about the stock. Needham & Company LLC reissued a buy rating and issued a $50.00 target price on shares of Calix in a report on Tuesday, April 23rd. Roth Mkm reissued a buy rating and set a $50.00 target price on shares of Calix in a research note on Monday, April 22nd. Rosenblatt Securities dropped their price target on Calix from $45.00 to $35.00 and set a buy rating for the company in a research note on Tuesday, April 23rd. Finally, Craig Hallum lowered their target price on shares of Calix from $48.00 to $41.00 and set a buy rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Calix has an average rating of Hold and a consensus price target of $41.33.

Calix Price Performance

Shares of NYSE:CALX opened at $28.40 on Wednesday. The company has a market cap of $1.86 billion, a P/E ratio of 91.61 and a beta of 1.65. The stock’s fifty day moving average price is $32.79 and its 200-day moving average price is $37.21. Calix has a 1 year low of $26.76 and a 1 year high of $53.90.

Calix (NYSE:CALX) last released its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $264.41 million. During the same period last year, the business posted $0.18 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, sell-side analysts anticipate that Calix will post 0.45 earnings per share for the current year.

Institutional Trading of Calix

Large investors have recently made changes to their positions in the business. TFO Wealth Partners LLC increased its stake in Calix by 13,787.5% during the fourth quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock worth $49,000 after acquiring an additional 1,103 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Calix by 194.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider’s stock worth $70,000 after buying an additional 1,011 shares during the period. Assetmark Inc. increased its position in Calix by 31.9% during the third quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider’s stock valued at $72,000 after acquiring an additional 382 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Calix by 18.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock valued at $98,000 after acquiring an additional 348 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Calix in the 3rd quarter worth about $111,000. 98.14% of the stock is currently owned by institutional investors.

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.