Calix (NYSE:CALX) Given "Buy" Rating at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Calix (NYSE:CALX - Free Report) in a report published on Monday, Benzinga reports. The firm currently has a $50.00 price target on the communications equipment provider's stock.

Several other analysts have also commented on the company. Needham & Company LLC reaffirmed a buy rating and set a $50.00 target price on shares of Calix in a report on Wednesday, April 17th. StockNews.com raised shares of Calix from a sell rating to a hold rating in a research note on Wednesday, February 28th. Finally, Rosenblatt Securities decreased their target price on shares of Calix from $57.00 to $45.00 and set a buy rating for the company in a research note on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Calix currently has a consensus rating of Moderate Buy and a consensus price target of $46.75.

Calix Trading Up 0.9 %

NYSE CALX traded up $0.26 on Monday, hitting $29.54. 1,434,790 shares of the company's stock traded hands, compared to its average volume of 988,690. The firm's 50-day moving average price is $33.38 and its two-hundred day moving average price is $37.71. The firm has a market capitalization of $1.93 billion, a PE ratio of 65.76 and a beta of 1.65. Calix has a 1-year low of $28.95 and a 1-year high of $53.90.

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

Institutional Inflows and Outflows

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