Calix, Inc (CALX) Given a $7.00 Price Target by Northland Securities Analysts

Northland Securities set a $7.00 target price on Calix, Inc (NYSE:CALX) in a research report report published on Monday, August 7th. The firm currently has a hold rating on the communications equipment provider’s stock.

Several other brokerages have also commented on CALX. BidaskClub lowered Calix from a sell rating to a strong sell rating in a report on Friday, July 28th. ValuEngine upgraded Calix from a strong sell rating to a sell rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded Calix from a sell rating to a hold rating in a report on Tuesday, April 18th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $6.50.

Calix (NYSE CALX) traded down 2.02% on Monday, reaching $4.85. The company’s stock had a trading volume of 364,217 shares. Calix has a 52-week low of $4.80 and a 52-week high of $8.10. The stock’s 50 day moving average price is $6.42 and its 200 day moving average price is $6.77. The firm’s market cap is $243.99 million.

Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.15. Calix had a negative net margin of 12.72% and a negative return on equity of 30.33%. The business had revenue of $126.12 million for the quarter, compared to analysts’ expectations of $123.70 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. Equities research analysts expect that Calix will post ($1.21) earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Calix by 3.5% in the second quarter. Vanguard Group Inc. now owns 3,459,000 shares of the communications equipment provider’s stock worth $23,694,000 after buying an additional 115,818 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Calix by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,152,512 shares of the communications equipment provider’s stock worth $21,595,000 after buying an additional 25,713 shares during the period. Lapides Asset Management LLC raised its position in shares of Calix by 1.6% in the second quarter. Lapides Asset Management LLC now owns 2,926,600 shares of the communications equipment provider’s stock worth $20,047,000 after buying an additional 44,800 shares during the period. Renaissance Technologies LLC raised its position in Calix by 8.9% in the second quarter. Renaissance Technologies LLC now owns 2,626,018 shares of the communications equipment provider’s stock worth $17,988,000 after buying an additional 214,418 shares during the last quarter. Finally, Divisar Capital Management LLC raised its position in Calix by 479.1% in the second quarter. Divisar Capital Management LLC now owns 1,073,236 shares of the communications equipment provider’s stock worth $7,352,000 after buying an additional 887,915 shares during the last quarter. Institutional investors own 63.60% of the company’s stock.

Calix Company Profile

Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.