Calix, Inc. (NYSE:CALX) Short Interest Update

Calix, Inc. (NYSE:CALX) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 3,100,000 shares, a growth of 14.0% from the June 30th total of 2,720,000 shares. Currently, 5.3% of the company’s shares are sold short. Based on an average daily volume of 699,100 shares, the short-interest ratio is presently 4.4 days.

Institutional Trading of Calix

A number of institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System raised its holdings in shares of Calix by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the communications equipment provider’s stock valued at $1,038,000 after buying an additional 300 shares during the period. Portside Wealth Group LLC grew its position in Calix by 4.4% in the second quarter. Portside Wealth Group LLC now owns 7,214 shares of the communications equipment provider’s stock valued at $256,000 after acquiring an additional 301 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Calix by 13.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock valued at $89,000 after purchasing an additional 303 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Calix by 18.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock worth $98,000 after purchasing an additional 348 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its stake in shares of Calix by 4.5% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 8,780 shares of the communications equipment provider’s stock valued at $384,000 after purchasing an additional 375 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CALX shares. Jefferies Financial Group lowered shares of Calix from a “buy” rating to a “hold” rating and decreased their target price for the stock from $48.00 to $30.00 in a research report on Thursday, April 25th. StockNews.com downgraded Calix from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Calix in a research report on Tuesday, July 23rd. Craig Hallum lifted their price target on Calix from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Calix from $28.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.50.

Calix Price Performance

CALX stock traded up $3.10 during trading on Monday, reaching $39.78. 1,085,090 shares of the stock traded hands, compared to its average volume of 852,399. The business’s 50 day moving average price is $34.88 and its 200-day moving average price is $34.33. The firm has a market capitalization of $2.62 billion, a PE ratio of 126.06 and a beta of 1.76. Calix has a 52-week low of $26.76 and a 52-week high of $48.53.

Calix (NYSE:CALX) last posted its quarterly earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. Calix had a net margin of 0.52% and a return on equity of 4.17%. The firm had revenue of $198.14 million for the quarter, compared to analyst estimates of $200.77 million. During the same quarter last year, the firm posted $0.15 earnings per share. Calix’s revenue for the quarter was down 24.1% compared to the same quarter last year. On average, equities research analysts predict that Calix will post -0.36 earnings per share for the current year.

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.