Calix Inc (CALX) Boosted to “Sell” at ValuEngine

Calix Inc (CALX) Boosted to “Sell” at ValuEngine

Calix Inc (NYSE:CALX) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

CALX has been the subject of several other research reports. Zacks Investment Research upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Jefferies Group LLC restated a “hold” rating and issued a $7.00 target price on shares of Calix in a research report on Thursday, March 23rd. Finally, Northland Securities cut shares of Calix from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $9.00 to $7.00 in a research report on Wednesday, February 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.67.

Shares of Calix (CALX) remained flat at $7.00 during mid-day trading on Friday. 253,475 shares of the company were exchanged. The company has a 50-day moving average of $6.70 and a 200-day moving average of $7.10. Calix has a 1-year low of $6.15 and a 1-year high of $8.20. The stock’s market cap is $349.12 million.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.59) by $0.05. Calix had a negative return on equity of 7.01% and a negative net margin of 5.89%. The firm had revenue of $117.50 million during the quarter, compared to the consensus estimate of $112.17 million. During the same quarter last year, the company posted ($0.09) EPS. Calix’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities research analysts predict that Calix will post ($0.40) earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CALX. PEAK6 Investments L.P. purchased a new position in Calix during the first quarter valued at approximately $120,000. Trexquant Investment LP purchased a new position in Calix during the first quarter valued at approximately $134,000. ARS Investment Partners LLC purchased a new position in Calix during the fourth quarter valued at approximately $154,000. American International Group Inc. boosted its position in Calix by 7.1% in the first quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock valued at $184,000 after buying an additional 1,676 shares during the period. Finally, Teza Capital Management LLC purchased a new position in Calix during the fourth quarter valued at approximately $195,000. Hedge funds and other institutional investors own 66.00% of the company’s stock.

Calix Company Profile

Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CALX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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