Calix, Inc. (NYSE:CALX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Calix, Inc. (NYSE:CALXGet Rating) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $80.00.

Several research firms have commented on CALX. TheStreet raised shares of Calix from a “c+” rating to a “b” rating in a research report on Wednesday, August 3rd. Craig Hallum increased their price objective on shares of Calix from $69.00 to $95.00 in a research report on Wednesday, October 26th. Roth Capital assumed coverage on shares of Calix in a research report on Monday, October 3rd. They issued a “buy” rating for the company. Westpark Capital assumed coverage on shares of Calix in a research report on Tuesday, September 13th. They issued a “buy” rating for the company. Finally, Rosenblatt Securities increased their price objective on shares of Calix from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, October 26th.

Insiders Place Their Bets

In other news, EVP John Matthew Collins sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $70.65, for a total transaction of $353,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Cory Sindelar sold 3,000 shares of Calix stock in a transaction on Monday, October 31st. The shares were sold at an average price of $74.52, for a total value of $223,560.00. Following the sale, the chief financial officer now owns 69,848 shares of the company’s stock, valued at approximately $5,205,072.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Matthew Collins sold 5,000 shares of Calix stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $70.65, for a total transaction of $353,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,176 shares of company stock valued at $2,346,735. 16.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Calix

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its holdings in Calix by 31.7% in the 2nd quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 204 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new position in shares of Calix during the 3rd quarter worth $31,000. Ellevest Inc. raised its holdings in shares of Calix by 382.1% during the 3rd quarter. Ellevest Inc. now owns 540 shares of the communications equipment provider’s stock worth $33,000 after acquiring an additional 428 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Calix by 865.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,390 shares of the communications equipment provider’s stock worth $59,000 after acquiring an additional 1,246 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Calix during the 1st quarter worth $61,000. Institutional investors and hedge funds own 81.28% of the company’s stock.

Calix Price Performance

Shares of Calix stock opened at $68.49 on Friday. Calix has a 1 year low of $31.59 and a 1 year high of $80.95. The firm’s 50-day moving average is $64.13 and its two-hundred day moving average is $51.76. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 96.46 and a beta of 1.70.

Calix (NYSE:CALXGet Rating) last released its quarterly earnings results on Monday, October 24th. The communications equipment provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.23 by $0.11. The business had revenue of $236.33 million during the quarter, compared to analyst estimates of $215.25 million. Calix had a net margin of 6.12% and a return on equity of 6.91%. The company’s quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. On average, equities analysts expect that Calix will post 0.44 earnings per share for the current year.

About Calix

(Get Rating)

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.

Recommended Stories

Analyst Recommendations for Calix (NYSE:CALX)

Receive News & Ratings for Calix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calix and related companies with MarketBeat.com's FREE daily email newsletter.