Calix Inc (CALX) Director Buys $122,500.00 in Stock
Calix Inc (NYSE:CALX) Director Donald J. Listwin purchased 12,500 shares of the stock in a transaction dated Thursday, November 8th. The shares were acquired at an average cost of $9.80 per share, for a total transaction of $122,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSE:CALX traded up $0.26 during midday trading on Friday, reaching $10.26. 1,075,942 shares of the company’s stock traded hands, compared to its average volume of 358,215. The company has a market cap of $520.14 million, a P/E ratio of -6.58 and a beta of 0.78. Calix Inc has a one year low of $5.55 and a one year high of $10.40.
Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, August 7th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 18.02% and a negative net margin of 5.73%. On average, sell-side analysts expect that Calix Inc will post -0.2 EPS for the current year.
CALX has been the topic of a number of research analyst reports. ValuEngine raised Calix from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $6.50 price target on shares of Calix in a report on Wednesday, August 8th. Finally, Cowen raised Calix from a “market perform” rating to an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $7.67.
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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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