Cowen upgraded shares of Calix (NYSE:CALX) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday morning, The Fly reports.

A number of other brokerages have also recently weighed in on CALX. Jefferies Financial Group reiterated a hold rating and set a $6.50 price target on shares of Calix in a research note on Wednesday, August 8th. ValuEngine upgraded shares of Calix from a hold rating to a buy rating in a research note on Tuesday, August 14th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Calix has a consensus rating of Buy and a consensus target price of $7.67.

Shares of NYSE CALX traded up $0.26 during mid-day trading on Tuesday, reaching $10.26. The company had a trading volume of 1,075,942 shares, compared to its average volume of 358,215. The company has a market capitalization of $520.14 million, a price-to-earnings ratio of -6.58 and a beta of 0.78. Calix has a 52-week low of $5.55 and a 52-week high of $10.40.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, August 7th. The communications equipment provider reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $111.70 million for the quarter, compared to the consensus estimate of $113.70 million. Calix had a negative net margin of 5.73% and a negative return on equity of 18.02%. As a group, equities analysts expect that Calix will post -0.2 earnings per share for the current year.

In related news, Director Kevin A. Denuccio acquired 38,500 shares of Calix stock in a transaction that occurred on Thursday, August 16th. The stock was purchased at an average price of $6.98 per share, for a total transaction of $268,730.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald J. Listwin acquired 12,500 shares of Calix stock in a transaction that occurred on Thursday, November 8th. The stock was bought at an average price of $9.80 per share, with a total value of $122,500.00. The disclosure for this purchase can be found here. Insiders bought a total of 54,300 shares of company stock valued at $413,880 in the last 90 days. Company insiders own 18.28% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CALX. Centaurus Financial Inc. purchased a new position in Calix during the 2nd quarter valued at about $156,000. Voce Capital Management LLC increased its holdings in Calix by 13.7% during the 2nd quarter. Voce Capital Management LLC now owns 1,153,044 shares of the communications equipment provider’s stock valued at $8,994,000 after acquiring an additional 139,250 shares in the last quarter. Northpointe Capital LLC purchased a new position in Calix during the 2nd quarter valued at about $2,247,000. Global X Management Co LLC increased its holdings in Calix by 18.9% during the 2nd quarter. Global X Management Co LLC now owns 56,807 shares of the communications equipment provider’s stock valued at $443,000 after acquiring an additional 9,049 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new position in Calix during the 2nd quarter valued at about $2,340,000. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Calix Company Profile

Calix, Inc, together with its subsidiaries, develops, markets, and sells software platforms, systems, and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to access networks. Its portfolio consists of E-Series access systems and nodes, B-Series access nodes, C-Series multiservice access system, and P-Series optical network terminals and residential gateways.

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