Calix, Inc. (NYSE:CALX) Receives $41.33 Average Price Target from Analysts

Calix, Inc. (NYSE:CALX) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.33.

A number of equities research analysts have weighed in on the company. Roth Mkm restated a “buy” rating and set a $50.00 price objective on shares of Calix in a research note on Monday, April 22nd. Craig Hallum cut their price target on shares of Calix from $48.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Jefferies Financial Group lowered shares of Calix from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $48.00 to $30.00 in a report on Thursday, April 25th. Rosenblatt Securities reduced their price target on shares of Calix from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Calix in a report on Tuesday, April 23rd.

Hedge Funds Weigh In On Calix

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Calix by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,364,846 shares of the communications equipment provider’s stock worth $291,765,000 after purchasing an additional 298,277 shares during the last quarter. Wellington Management Group LLP lifted its stake in Calix by 24.6% in the third quarter. Wellington Management Group LLP now owns 1,588,802 shares of the communications equipment provider’s stock valued at $72,831,000 after buying an additional 313,380 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Calix in the fourth quarter valued at $18,165,000. Ameriprise Financial Inc. boosted its holdings in shares of Calix by 15.3% during 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 acquiring an additional 189,676 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Calix by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 461,005 shares of the communications equipment provider’s stock worth $21,132,000 after acquiring an additional 20,015 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Price Performance

Shares of CALX stock opened at $29.56 on Friday. The company’s fifty day moving average price is $32.25 and its two-hundred day moving average price is $36.70. The firm has a market capitalization of $1.94 billion, a P/E ratio of 95.35 and a beta of 1.72. Calix has a 12 month low of $26.76 and a 12 month high of $53.90.

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.