Calix Inc. (NYSE:CALX) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $8.25.

CALX has been the subject of several recent analyst reports. TheStreet lowered shares of Calix from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Zacks Investment Research raised shares of Calix from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Craig Hallum raised shares of Calix from a “hold” rating to a “buy” rating in a research note on Wednesday, November 2nd. Finally, Morgan Stanley set a $9.00 price objective on shares of Calix and gave the stock a “hold” rating in a research note on Wednesday, August 3rd.

Shares of Calix (NYSE:CALX) opened at 7.80 on Monday. The stock’s market capitalization is $380.55 million. Calix has a 52-week low of $5.64 and a 52-week high of $8.20. The stock has a 50 day moving average of $6.99 and a 200-day moving average of $7.18.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Calix had a negative net margin of 5.89% and a negative return on equity of 7.01%. The firm earned $121.19 million during the quarter, compared to analyst estimates of $117.15 million. During the same period last year, the firm posted $0.16 earnings per share. Calix’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts predict that Calix will post ($0.02) EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Investment Management LLC increased its stake in Calix by 2.9% in the second quarter. BlackRock Investment Management LLC now owns 175,770 shares of the company’s stock valued at $1,215,000 after buying an additional 5,019 shares during the period. Vanguard Group Inc. increased its stake in Calix by 0.3% in the second quarter. Vanguard Group Inc. now owns 3,051,748 shares of the company’s stock valued at $21,087,000 after buying an additional 10,176 shares during the period. Dimensional Fund Advisors LP increased its stake in Calix by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,790,251 shares of the company’s stock valued at $19,280,000 after buying an additional 228,161 shares during the period. Ameriprise Financial Inc. increased its stake in Calix by 25.7% in the second quarter. Ameriprise Financial Inc. now owns 3,325,466 shares of the company’s stock valued at $22,979,000 after buying an additional 679,219 shares during the last quarter. Finally, Lapides Asset Management LLC increased its stake in Calix by 5.5% in the second quarter. Lapides Asset Management LLC now owns 2,798,000 shares of the company’s stock valued at $19,334,000 after buying an additional 146,800 shares during the last quarter. Institutional investors and hedge funds own 66.45% of the company’s stock.

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Calix Company Profile

Calix, Inc is a provider of broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide a range of revenue-generating services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

5 Day Chart for NYSE:CALX

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