Analysts Set Calix, Inc. (NYSE:CALX) Target Price at $41.33

Calix, Inc. (NYSE:CALX) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com 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 objective among brokerages that have issued a report on the stock in the last year is $41.33.

A number of equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Calix in a research report on Tuesday, April 23rd. Roth Mkm reaffirmed a “buy” rating and set a $50.00 target price on shares of Calix in a research note on Monday, April 22nd. Jefferies Financial Group downgraded Calix from a “buy” rating to a “hold” rating and dropped their target price for the company from $48.00 to $30.00 in a research report on Thursday, April 25th. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Rosenblatt Securities dropped their price target on shares of Calix from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd.

Calix Stock Up 2.2 %

Shares of CALX stock opened at $29.56 on Friday. Calix has a 12-month low of $26.76 and a 12-month high of $53.90. The firm has a 50 day moving average price of $32.25 and a two-hundred day moving average price of $36.70. The company has a market capitalization of $1.94 billion, a PE ratio of 95.35 and a beta of 1.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CALX. GSA Capital Partners LLP bought a new stake in Calix in the first quarter worth approximately $1,201,000. FORA Capital LLC acquired a new position in shares of Calix during the first quarter valued at about $724,000. Capstone Investment Advisors LLC bought a new position in shares of Calix during the 1st quarter worth about $321,000. BNP Paribas Financial Markets increased its position in Calix by 8.5% in the 1st quarter. BNP Paribas Financial Markets now owns 53,995 shares of the communications equipment provider’s stock valued at $1,790,000 after buying an additional 4,231 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Calix during the 1st quarter worth approximately $242,000. 98.14% of the stock is owned by institutional investors and hedge funds.

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.