Calix, Inc. (NYSE:CALX) Short Interest Update

Calix, Inc. (NYSE:CALX) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 2,730,000 shares, an increase of 11.0% from the December 15th total of 2,460,000 shares. Approximately 4.6% of the company’s stock are sold short. Based on an average daily trading volume, of 693,900 shares, the short-interest ratio is currently 3.9 days.

Wall Street Analysts Forecast Growth

CALX has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Calix in a research report on Tuesday, October 29th. Rosenblatt Securities restated a “buy” rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday, October 3rd. Finally, StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in shares of Calix by 3.3% during the second quarter. Victory Capital Management Inc. now owns 20,262 shares of the communications equipment provider’s stock worth $718,000 after purchasing an additional 654 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Calix by 28.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 129,359 shares of the communications equipment provider’s stock valued at $4,583,000 after purchasing an additional 28,685 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Calix by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,793,545 shares of the communications equipment provider’s stock valued at $63,546,000 after buying an additional 45,656 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Calix by 143.7% during the 2nd quarter. Renaissance Technologies LLC now owns 78,518 shares of the communications equipment provider’s stock worth $2,782,000 after buying an additional 46,300 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Calix by 101.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 100,300 shares of the communications equipment provider’s stock valued at $3,554,000 after buying an additional 50,400 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Trading Down 0.1 %

Shares of CALX traded down $0.05 during midday trading on Monday, reaching $37.93. 233,441 shares of the stock were exchanged, compared to its average volume of 446,743. The company’s 50 day moving average is $34.35 and its two-hundred day moving average is $36.04. Calix has a 52 week low of $26.76 and a 52 week high of $45.15. The company has a market capitalization of $2.52 billion, a P/E ratio of -158.02 and a beta of 1.68.

Calix (NYSE:CALX) last released its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The business had revenue of $200.95 million for the quarter, compared to analyst estimates of $201.06 million. During the same period in the previous year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was down 23.8% on a year-over-year basis. On average, sell-side analysts expect that Calix will post -0.34 EPS for the current year.

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.