2 weeks Ago By Defense World Staff
Calix ( NYSE:CALX – Get Free Report ) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday. Other equities analysts also recently issued reports about the company.
Rosenblatt Securities raised their price target on Calix from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th.
Craig Hallum boosted their price target on Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th.
JPMorgan Chase & Co. raised their price objective on shares of Calix from $28.00 to $41.
00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Calix in a report on Tuesday, September 10th.
Finally, Roth Mkm lifted their price target on shares of Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd.
Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.
50. Check Out Our Latest Analysis on Calix Calix Stock Down 0.6 % Calix ( NYSE:CALX – Get Free Report ) last issued its earnings results on Monday, July 22nd.
The communications equipment provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.
03. The business had revenue of $198.14 million for the quarter, compared to the consensus estimate of $200.
77 million. Calix had a return on equity of 4.17% and a net margin of 0.
52%. The company’s revenue was down 24.1% compared to the same quarter last year.
During the same period last year, the business posted $0.15 EPS. Analysts forecast that Calix will post -0.
36 earnings per share for the current fiscal year. Insider Buying and Selling at Calix In related news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $37.
56, for a total transaction of $939,000.00. Following the sale, the director now owns 3,723,381 shares of the company’s stock, valued at $139,850,190.
36. The sale was disclosed in a filing with the SEC, which is available through the SEC website . Insiders own 16.
69% of the company’s stock. Institutional Investors Weigh In On Calix Several institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of Calix in the 1st quarter valued at $48,000.
TFO Wealth Partners LLC raised its holdings in Calix by 13,787.5% in the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock worth $49,000 after purchasing an additional 1,103 shares during the period.
Ariadne Wealth Management LP acquired a new stake in Calix in the 2nd quarter valued at $60,000. Nisa Investment Advisors LLC increased its holdings in Calix by 13.7% in the 2nd quarter.
Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock worth $89,000 after acquiring an additional 303 shares in the last quarter. Finally, Assetmark Inc. raised its position in Calix by 41.
5% during the fourth quarter. Assetmark Inc. now owns 2,233 shares of the communications equipment provider’s stock worth $98,000 after acquiring an additional 655 shares during the period.
Institutional investors and hedge funds own 98.14% of the company’s stock. About Calix ( 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. See Also Five stocks we like better than Calix Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed Can Costco Stock Hit New Highs as Interest Rates Drop? What is the S&P/TSX Index? These 3 Stocks Show How to Navigate Declining Consumer Confidence How to Use the MarketBeat Excel Dividend Calculator MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? 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.com's FREE daily email newsletter .
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