Calix (NYSE:CALX) Stock Rating Lowered by Jefferies Financial Group

Calix (NYSE:CALX - Get Free Report) was downgraded by Jefferies Financial Group from a "buy" rating to a "hold" rating in a report issued on Thursday, MarketBeat.com reports. They presently have a $30.00 price target on the communications equipment provider's stock, down from their previous price target of $48.00. Jefferies Financial Group's target price would suggest a potential upside of 6.19% from the company's previous close.

Several other research firms have also recently weighed in on CALX. StockNews.com cut Calix from a "hold" rating to a "sell" rating in a report on Wednesday. Craig Hallum dropped their price objective on Calix from $48.00 to $41.00 and set a "buy" rating for the company in a report on Wednesday. Rosenblatt Securities dropped their price objective on Calix from $45.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Calix in a report on Tuesday. Finally, Roth Mkm reiterated a "buy" rating and issued a $50.00 price objective on shares of Calix in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Calix currently has a consensus rating of "Hold" and a consensus target price of $41.33.

Calix Price Performance

CALX stock remained flat at $28.25 during trading on Thursday. The company had a trading volume of 1,309,777 shares, compared to its average volume of 1,014,047. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 91.13 and a beta of 1.65. Calix has a 52 week low of $26.76 and a 52 week high of $53.90. The stock has a 50-day moving average of $32.90 and a 200-day moving average of $37.38.

Calix (NYSE:CALX - Get Free Report) last issued its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. Calix had a return on equity of 6.64% and a net margin of 2.19%. The company had revenue of $264.73 million during the quarter, compared to analysts' expectations of $264.41 million. During the same period in the prior year, the business posted $0.18 EPS. Calix's quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts predict that Calix will post 0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC increased its position in Calix by 114.1% during the 3rd quarter. SG Americas Securities LLC now owns 22,643 shares of the communications equipment provider's stock valued at $1,038,000 after buying an additional 12,066 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Calix by 3.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 11,529 shares of the communications equipment provider's stock valued at $528,000 after buying an additional 394 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Calix by 12.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,663 shares of the communications equipment provider's stock valued at $535,000 after buying an additional 1,303 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Calix by 9.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 371,316 shares of the communications equipment provider's stock valued at $17,021,000 after buying an additional 31,912 shares in the last quarter. Finally, Inspire Investing LLC increased its position in Calix by 5.5% during the 3rd quarter. Inspire Investing LLC now owns 6,628 shares of the communications equipment provider's stock valued at $304,000 after buying an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Company Profile

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.