BidaskClub downgraded shares of Calix, Inc (NYSE:CALX) from a buy rating to a hold rating in a report released on Tuesday.

Other analysts have also issued research reports about the company. Northland Securities set a $6.00 target price on Calix and gave the company a hold rating in a report on Sunday, August 13th. Zacks Investment Research raised Calix from a sell rating to a hold rating in a report on Wednesday, October 11th. Jefferies Group LLC reissued a hold rating and issued a $7.00 target price on shares of Calix in a report on Friday, October 6th. Finally, ValuEngine raised Calix from a strong sell rating to a sell rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of Hold and an average price target of $6.50.

Calix (NYSE:CALX) traded down $0.10 during trading hours on Tuesday, reaching $5.35. The company’s stock had a trading volume of 161,837 shares, compared to its average volume of 204,746.

Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.15). The business had revenue of $126.12 million during the quarter, compared to analysts’ expectations of $123.70 million. Calix had a negative return on equity of 30.33% and a negative net margin of 12.72%. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) EPS. analysts expect that Calix will post -1.47 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its holdings in 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 purchasing an additional 9,918 shares during the last quarter. Geode Capital Management LLC grew its holdings in 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 purchasing an additional 7,015 shares during the last quarter. Renaissance Technologies LLC grew its holdings in 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 purchasing an additional 43,400 shares during the last quarter. Citadel Advisors LLC grew its holdings in Calix by 129.8% in the second quarter. Citadel Advisors LLC now owns 77,827 shares of the communications equipment provider’s stock valued at $533,000 after purchasing an additional 43,965 shares during the last quarter. Finally, Divisar Capital Management LLC boosted its stake in shares of Calix by 479.1% during the second quarter. Divisar Capital Management LLC now owns 1,073,236 shares of the communications equipment provider’s stock valued at $7,352,000 after acquiring an additional 887,915 shares during the last quarter. 64.88% of the stock is currently owned by 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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