Calix Inc (CALX) Receives $7.75 Average Target Price from Analysts

Shares of Calix Inc (NYSE:CALX) have been assigned a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $7.75.

A number of analysts recently issued reports on CALX shares. ValuEngine upgraded Calix from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $6.50 price target on shares of Calix in a report on Wednesday, August 8th.

In related news, Director Donald J. Listwin bought 12,500 shares of the stock in a transaction on Friday, August 10th. The stock was bought at an average price of $6.88 per share, for a total transaction of $86,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin A. Denuccio bought 38,500 shares of the stock in a transaction on Thursday, August 16th. The shares were bought at an average price of $6.98 per share, with a total value of $268,730.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 54,300 shares of company stock valued at $377,380. 18.28% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Nokomis Capital L.L.C. lifted its holdings in shares of Calix by 2.8% during the 1st quarter. Nokomis Capital L.L.C. now owns 4,200,705 shares of the communications equipment provider’s stock valued at $28,775,000 after purchasing an additional 113,872 shares during the last quarter. Divisar Capital Management LLC lifted its holdings in shares of Calix by 5.4% during the 2nd quarter. Divisar Capital Management LLC now owns 3,201,434 shares of the communications equipment provider’s stock valued at $24,971,000 after purchasing an additional 163,129 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Calix by 5.7% during the 2nd quarter. BlackRock Inc. now owns 2,920,936 shares of the communications equipment provider’s stock valued at $22,784,000 after purchasing an additional 158,589 shares during the last quarter. Voce Capital Management LLC lifted its holdings in shares of Calix by 13.7% during the 2nd quarter. Voce Capital Management LLC now owns 1,153,044 shares of the communications equipment provider’s stock valued at $8,994,000 after purchasing an additional 139,250 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Calix by 2.0% during the 1st quarter. Northern Trust Corp now owns 486,780 shares of the communications equipment provider’s stock valued at $3,335,000 after purchasing an additional 9,771 shares during the last quarter. Institutional investors own 62.98% of the company’s stock.

Shares of NYSE CALX opened at $8.45 on Wednesday. The company has a market capitalization of $472.40 million, a P/E ratio of -5.42 and a beta of 0.53. Calix has a 52-week low of $4.75 and a 52-week high of $9.05.

Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, August 7th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $111.70 million during the quarter, compared to analyst estimates of $113.70 million. Calix had a negative return on equity of 30.28% and a negative net margin of 9.47%. research analysts expect that Calix will post -0.22 EPS for the current fiscal year.

About Calix

Calix, Inc, together with its subsidiaries, develops, markets, and sells software platforms, systems, and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to access networks. Its portfolio consists of E-Series access systems and nodes, B-Series access nodes, C-Series multiservice access system, and P-Series optical network terminals and residential gateways.

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