Calix, Inc (NYSE:CALX) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

CALX has been the subject of several other reports. BidaskClub raised shares of Calix from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Northland Securities set a $6.00 target price on shares of Calix and gave the company a “hold” rating in a report on Sunday, August 13th. Finally, Zacks Investment Research lowered shares of Calix from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.50.

Shares of Calix (NYSE CALX) opened at 4.95 on Friday. The stock has a 50 day moving average of $5.91 and a 200-day moving average of $6.61. Calix has a 52 week low of $4.70 and a 52 week high of $8.10. The stock’s market capitalization is $249.02 million.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, August 8th. The communications equipment provider reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.15) by $0.15. The firm had revenue of $126.12 million for the quarter, compared to analysts’ expectations of $123.70 million. Calix had a negative net margin of 12.72% and a negative return on equity of 30.33%. Calix’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) earnings per share. On average, equities research analysts expect that Calix will post ($1.21) EPS for the current year.

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Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in shares of Calix by 1.8% in the first quarter. Renaissance Technologies LLC now owns 2,411,600 shares of the communications equipment provider’s stock valued at $17,484,000 after buying an additional 43,400 shares during the last quarter. TFS Capital LLC bought a new stake in shares of Calix during the first quarter valued at approximately $634,000. Geode Capital Management LLC raised its stake in shares of Calix by 2.3% in the first quarter. Geode Capital Management LLC now owns 309,607 shares of the communications equipment provider’s stock valued at $2,244,000 after buying an additional 7,015 shares during the last quarter. Algert Global LLC raised its stake in shares of Calix by 17.6% in the first quarter. Algert Global LLC now owns 39,874 shares of the communications equipment provider’s stock valued at $289,000 after buying an additional 5,965 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Calix by 6.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 159,836 shares of the communications equipment provider’s stock valued at $1,159,000 after buying an additional 9,918 shares during the last quarter. 64.48% of the stock is owned by hedge funds and other institutional investors.

Calix Company Profile

Calix, Inc provides 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 various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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