2 weeks Ago By ABMN Staff
Shares of Calix, Inc. ( NYSE:CALX – Get Free Report ) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports.
Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $42.50.
A number of research analysts recently issued reports on the company. Roth Mkm increased their price objective on Calix from $43.00 to $44.
00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Rosenblatt Securities lifted their price objective on shares of Calix from $35.00 to $45.
00 and gave the company a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Calix from $28.
00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Needham & Company LLC reissued a “buy” rating and set a $45.
00 price target on shares of Calix in a research report on Tuesday, September 10th. Finally, Craig Hallum boosted their target price on shares of Calix from $41.00 to $50.
00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. View Our Latest Analysis on Calix Calix Stock Performance Calix ( NYSE:CALX – Get Free Report ) last issued its quarterly earnings data on Monday, July 22nd. The communications equipment provider reported $0.
09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03.
The business had revenue of $198.14 million for the quarter, compared to analyst estimates of $200.77 million.
Calix had a net margin of 0.52% and a return on equity of 4.17%.
The firm’s quarterly revenue was down 24.1% on a year-over-year basis. During the same period last year, the business posted $0.
15 earnings per share. On average, sell-side analysts forecast that Calix will post -0.36 earnings per share for the current year.
Insiders Place Their Bets In other news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $37.56, for a total transaction of $939,000.
00. Following the completion of the transaction, the director now owns 3,723,381 shares of the company’s stock, valued at approximately $139,850,190.36.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Corporate insiders own 16.69% of the company’s stock.
Institutional Trading of Calix A number of hedge funds and other institutional investors have recently modified their holdings of CALX. TD Asset Management Inc grew its holdings in Calix by 516.6% during the 4th quarter.
TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock worth $70,380,000 after acquiring an additional 1,349,625 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Calix in the first quarter valued at $1,145,000. Epoch Investment Partners Inc.
raised its position in Calix by 23.3% during the 1st quarter. Epoch Investment Partners Inc.
now owns 1,164,049 shares of the communications equipment provider’s stock worth $38,600,000 after purchasing an additional 219,699 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in Calix by 9.
6% during the 4th quarter. Congress Asset Management Co. MA now owns 875,687 shares of the communications equipment provider’s stock worth $38,259,000 after buying an additional 76,546 shares during the period.
Finally, FORA Capital LLC bought a new stake in shares of Calix in the 1st quarter valued at about $724,000. Institutional investors own 98.14% of the company’s stock.
Calix Company Profile ( Get Free Report 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. Featured Stories Receive News & Ratings for Calix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calix and related companies with MarketBeat.
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