Analysts Set Calix, Inc. (NYSE:CALX) Target Price at $42.50

Calix, Inc. (NYSE:CALX) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $43.17.

CALX has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th.

Calix Stock Down 0.3 %

NYSE:CALX opened at $39.55 on Tuesday. The company has a market cap of $2.62 billion, a P/E ratio of -87.88 and a beta of 1.68. The firm’s 50 day moving average is $35.89 and its two-hundred day moving average is $36.32. Calix has a fifty-two week low of $26.76 and a fifty-two week high of $41.97.

Calix (NYSE:CALX) last issued its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. Research analysts forecast that Calix will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of Calix

Large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Calix by 187.9% in the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 436 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Calix in the 3rd quarter valued at $34,000. Arcadia Investment Management Corp MI bought a new stake in shares of Calix in the 3rd quarter worth about $39,000. Avior Wealth Management LLC increased its position in shares of Calix by 998.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in Calix by 29.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock valued at $54,000 after purchasing an additional 318 shares during the last quarter. 98.14% of the stock is 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.