Geode Capital Management LLC Raises Stake in Calix, Inc (CALX)

Geode Capital Management LLC increased its position in Calix, Inc (NYSE:CALX) by 2.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 309,607 shares of the communications equipment provider’s stock after buying an additional 7,015 shares during the period. Geode Capital Management LLC owned about 0.62% of Calix worth $2,244,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CALX. Bank of New York Mellon Corp boosted its stake in Calix by 27.7% in the first quarter. Bank of New York Mellon Corp now owns 610,268 shares of the communications equipment provider’s stock worth $4,424,000 after buying an additional 132,305 shares during the period. FMR LLC boosted its stake in Calix by 120.3% in the first quarter. FMR LLC now owns 220,731 shares of the communications equipment provider’s stock worth $1,600,000 after buying an additional 120,531 shares during the period. Vanguard Group Inc. boosted its stake in shares of Calix by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,343,182 shares of the communications equipment provider’s stock worth $24,238,000 after buying an additional 103,026 shares during the last quarter. TFS Capital LLC acquired a new stake in shares of Calix during the first quarter worth about $634,000. Finally, Menta Capital LLC boosted its stake in shares of Calix by 47.2% in the first quarter. Menta Capital LLC now owns 174,990 shares of the communications equipment provider’s stock worth $1,269,000 after buying an additional 56,125 shares during the last quarter. 63.60% of the stock is currently owned by institutional investors.

Shares of Calix, Inc (NYSE:CALX) traded up 3.09% during midday trading on Friday, reaching $5.00. 222,021 shares of the company’s stock were exchanged. The stock’s market cap is $251.54 million. The firm has a 50 day moving average of $6.16 and a 200-day moving average of $6.69. Calix, Inc has a one year low of $4.70 and a one year high of $8.10.

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

A number of equities research analysts have issued reports on the stock. Northland Securities set a $6.00 target price on shares of Calix and gave the company a “hold” rating in a report on Sunday, August 13th. BidaskClub raised shares of Calix from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research cut shares of Calix from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, ValuEngine raised shares of Calix from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Calix presently has an average rating of “Hold” and a consensus price target of $6.50.

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.