Calix (NYSE:CALX) PT Lowered to $35.00 at Rosenblatt Securities

Calix (NYSE:CALX - Free Report) had its price objective decreased by Rosenblatt Securities from $45.00 to $35.00 in a research note released on Tuesday morning, Benzinga reports. Rosenblatt Securities currently has a buy rating on the communications equipment provider's stock.

CALX has been the topic of several other research reports. StockNews.com raised Calix from a sell rating to a hold rating in a research note on Wednesday, February 28th. Needham & Company LLC reaffirmed a buy rating and set a $50.00 target price on shares of Calix in a research note on Wednesday, April 17th. Finally, Roth Mkm reaffirmed a buy rating and set a $50.00 target price on shares of Calix in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $44.25.

Calix Price Performance

Shares of NYSE CALX traded down $1.53 during mid-day trading on Tuesday, hitting $28.03. The company had a trading volume of 2,465,568 shares, compared to its average volume of 1,007,965. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 65.65 and a beta of 1.65. Calix has a 12 month low of $26.76 and a 12 month high of $53.90. The firm's 50 day simple moving average is $33.27 and its two-hundred day simple moving average is $37.62.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The business had revenue of $264.73 million for the quarter, compared to the consensus estimate of $264.41 million. Calix had a return on equity of 7.92% and a net margin of 3.06%. The business's revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. Equities analysts forecast that Calix will post 0.45 earnings per share for the current year.

Institutional Trading of Calix

A number of hedge funds and other institutional investors have recently modified their holdings of CALX. TD Asset Management Inc raised its stake in shares of Calix by 516.6% in the 4th quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider's stock worth $70,380,000 after buying an additional 1,349,625 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Calix by 213.8% in the 4th quarter. Epoch Investment Partners Inc. now owns 944,350 shares of the communications equipment provider's stock worth $41,259,000 after acquiring an additional 643,392 shares during the last quarter. Norges Bank acquired a new position in shares of Calix in the 4th quarter worth $26,483,000. Artisan Partners Limited Partnership grew its holdings in shares of Calix by 106.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,074,175 shares of the communications equipment provider's stock worth $49,240,000 after acquiring an additional 554,003 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new position in shares of Calix in the 4th quarter worth $18,165,000. 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.