Calix (NYSE:CALX) PT Raised to $44.00

Calix (NYSE:CALX) had its price target lifted by investment analysts at Roth Mkm from $43.00 to $44.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Roth Mkm’s target price suggests a potential upside of 25.11% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Jefferies Financial Group downgraded Calix from a “buy” rating to a “hold” rating and reduced their target price for the company from $48.00 to $30.00 in a report on Thursday, April 25th. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Calix in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday. Rosenblatt Securities reduced their target price on Calix from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Finally, StockNews.com downgraded Calix from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.33.

Calix Stock Down 5.9 %

Shares of NYSE CALX traded down $2.22 during mid-day trading on Tuesday, hitting $35.17. 872,301 shares of the company were exchanged, compared to its average volume of 847,414. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 113.13 and a beta of 1.76. The stock has a 50 day simple moving average of $34.57 and a 200-day simple moving average of $34.57. Calix has a 1-year low of $26.76 and a 1-year high of $48.53.

Calix (NYSE:CALX) last posted its quarterly earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Calix had a net margin of 2.19% and a return on equity of 6.64%. The firm had revenue of $226.31 million during the quarter, compared to analysts’ expectations of $228.01 million. Analysts anticipate that Calix will post -0.27 earnings per share for the current fiscal year.

Institutional Trading of Calix

Several hedge funds and other institutional investors have recently modified their holdings of the business. TFO Wealth Partners LLC lifted its stake in shares of Calix by 13,787.5% in 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 during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Calix in the first quarter worth about $48,000. Quadrant Capital Group LLC boosted its stake 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 acquiring an additional 348 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Calix by 41.5% during the 4th quarter. Assetmark Inc. now owns 2,233 shares of the communications equipment provider’s stock valued at $98,000 after acquiring an additional 655 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Calix by 13.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock valued at $89,000 after acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.