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

Calix, Inc. (NYSE:CALX - Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 3,810,000 shares, a growth of 11.4% from the April 15th total of 3,420,000 shares. Approximately 6.5% of the shares of the stock are sold short. Based on an average trading volume of 965,300 shares, the days-to-cover ratio is presently 3.9 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CALX. Jefferies Financial Group cut Calix from a "buy" rating to a "hold" rating and dropped their price target for the company from $48.00 to $30.00 in a research note on Thursday, April 25th. StockNews.com cut shares of Calix from a "hold" rating to a "sell" rating in a research note on Friday, May 10th. Rosenblatt Securities lowered their target price on Calix from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, April 23rd. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price target on shares of Calix in a research note on Tuesday, April 23rd. Finally, Craig Hallum cut their price objective on Calix from $48.00 to $41.00 and set a "buy" rating on the stock in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.33.

Hedge Funds Weigh In On Calix

Institutional investors have recently added to or reduced their stakes in the business. TFO Wealth Partners LLC raised its position in shares of Calix by 13,787.5% during the fourth quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider's stock worth $49,000 after purchasing an additional 1,103 shares during the period. Headlands Technologies LLC acquired a new position in shares of Calix during the first quarter worth approximately $48,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Calix by 194.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider's stock worth $70,000 after buying an additional 1,011 shares in the last quarter. Assetmark Inc. grew its holdings in Calix by 31.9% during the third quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider's stock worth $72,000 after buying an additional 382 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Calix by 18.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider's stock worth $98,000 after buying an additional 348 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Stock Up 0.6 %

CALX traded up $0.20 during trading on Friday, hitting $31.39. The company's stock had a trading volume of 407,080 shares, compared to its average volume of 939,429. Calix has a twelve month low of $26.76 and a twelve month high of $53.90. The stock's fifty day moving average price is $31.32 and its 200-day moving average price is $36.16. The firm has a market capitalization of $2.06 billion, a P/E ratio of 100.19 and a beta of 1.72.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Calix had a return on equity of 6.64% and a net margin of 2.19%. The firm had revenue of $226.31 million for the quarter, compared to analyst estimates of $228.01 million. Equities research analysts expect that Calix will post -0.22 EPS for the current fiscal year.

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.