Calix, Inc. (NYSE:CALX – Get Free Report) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 2,460,000 shares, a drop of 5.7% from the November 30th total of 2,610,000 shares. Based on an average daily trading volume, of 672,400 shares, the short-interest ratio is currently 3.7 days. Currently, 4.2% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Rosenblatt Securities restated a “buy” rating and set a $45.00 target price on shares of Calix in a research note on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Calix in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.50.
View Our Latest Research Report on CALX
Calix Stock Down 0.1 %
Calix (NYSE:CALX – Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. The business had revenue of $200.95 million during the quarter, compared to analysts’ expectations of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The business’s revenue was down 23.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. As a group, analysts predict that Calix will post -0.34 earnings per share for the current year.
Institutional Investors Weigh In On Calix
Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Calix by 187.9% during the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 436 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Calix during the 3rd quarter worth $34,000. Arcadia Investment Management Corp MI bought a new position in shares of Calix in the third quarter worth $39,000. Avior Wealth Management LLC raised its stake in Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in Calix by 29.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after purchasing an additional 318 shares during the period. 98.14% of the stock is currently owned by institutional investors.
About Calix
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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