Calix (NYSE:CALX) Given Buy Rating at Roth Mkm

Roth Mkm restated their buy rating on shares of Calix (NYSE:CALX) in a report issued on Monday, Benzinga reports. The brokerage currently has a $50.00 target price on the communications equipment provider’s stock.

A number of other equities analysts have also recently weighed in on CALX. Rosenblatt Securities reduced their price objective on shares of Calix from $57.00 to $45.00 and set a buy rating for the company in a research report on Tuesday, January 30th. Needham & Company LLC restated a buy rating and set a $50.00 price objective on shares of Calix in a research report on Wednesday, April 17th. Finally, StockNews.com upgraded shares of Calix from a sell rating to a hold rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $41.33.

Calix Stock Performance

Shares of NYSE CALX opened at $28.25 on Monday. The company’s fifty day moving average price is $32.90 and its 200 day moving average price is $37.38. Calix has a 1 year low of $26.76 and a 1 year high of $53.90. The company has a market capitalization of $1.85 billion, a PE ratio of 91.13 and a beta of 1.65.

Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Calix had a net margin of 2.19% and a return on equity of 6.64%. The firm had revenue of $264.73 million for the quarter, compared to the consensus estimate of $264.41 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts expect that Calix will post 0.45 EPS for the current year.

Institutional Investors Weigh In On Calix

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Calix by 4.9% in the third quarter. Vanguard Group Inc. now owns 6,364,846 shares of the communications equipment provider’s stock valued at $291,765,000 after buying an additional 298,277 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Calix by 24.6% in the third quarter. Wellington Management Group LLP now owns 1,588,802 shares of the communications equipment provider’s stock valued at $72,831,000 after buying an additional 313,380 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Calix in the fourth quarter valued at about $18,165,000. Ameriprise Financial Inc. raised its position in shares of Calix by 15.3% in the third quarter. Ameriprise Financial Inc. now owns 1,429,624 shares of the communications equipment provider’s stock valued at $65,534,000 after buying an additional 189,676 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Calix by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 461,005 shares of the communications equipment provider’s stock valued at $21,132,000 after buying an additional 20,015 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.