Calix Inc (NYSE:CALX) shot up 6.5% on Tuesday . The stock traded as high as $6.68 and last traded at $6.60. 614,411 shares traded hands during trading, an increase of 134% from the average session volume of 262,590 shares. The stock had previously closed at $6.20.

Several brokerages have weighed in on CALX. BidaskClub cut shares of Calix from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. ValuEngine raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research cut shares of Calix from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $6.50.

The firm has a market cap of $307.41, a price-to-earnings ratio of -4.05 and a beta of 0.72.

In related news, CFO Cory Sindelar acquired 5,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average cost of $6.70 per share, for a total transaction of $33,500.00. Following the acquisition, the chief financial officer now owns 15,000 shares of the company’s stock, valued at $100,500. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Calix by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,459,000 shares of the communications equipment provider’s stock worth $23,694,000 after purchasing an additional 115,818 shares in the last quarter. Lapides Asset Management LLC raised its holdings in Calix by 11.0% in the 3rd quarter. Lapides Asset Management LLC now owns 3,248,000 shares of the communications equipment provider’s stock worth $16,402,000 after purchasing an additional 321,400 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Calix by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,152,512 shares of the communications equipment provider’s stock worth $21,595,000 after purchasing an additional 25,713 shares in the last quarter. State Street Corp raised its holdings in Calix by 7.9% in the 2nd quarter. State Street Corp now owns 791,110 shares of the communications equipment provider’s stock worth $5,421,000 after purchasing an additional 57,658 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Calix by 11.3% in the 2nd quarter. Northern Trust Corp now owns 499,035 shares of the communications equipment provider’s stock worth $3,419,000 after purchasing an additional 50,478 shares in the last quarter. Institutional investors and hedge funds own 67.21% of the company’s stock.

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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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