Calix, Inc. (NYSE:CALX – Get Free Report)’s share price gapped down prior to trading on Tuesday after Rosenblatt Securities lowered their price target on the stock from $45.00 to $35.00. The stock had previously closed at $29.56, but opened at $26.80. Rosenblatt Securities currently has a buy rating on the stock. Calix shares last traded at $29.63, with a volume of 518,765 shares trading hands.
A number of other analysts have also commented on CALX. Roth Mkm reissued a “buy” rating and set a $50.00 price objective on shares of Calix in a report on Monday. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Calix in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.25.
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Calix Stock Performance
The company has a 50-day simple moving average of $33.27 and a two-hundred day simple moving average of $37.62. The firm has a market capitalization of $1.85 billion, a P/E ratio of 65.65 and a beta of 1.65.
Calix (NYSE:CALX – Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Calix had a return on equity of 7.92% and a net margin of 3.06%. The firm had revenue of $264.73 million for the quarter, compared to analysts’ expectations of $264.41 million. During the same period in the previous year, the firm posted $0.18 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, research analysts forecast that Calix, Inc. will post 0.45 earnings per share for the current fiscal year.
Calix Company Profile
Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.
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