Vanguard Group Inc. Raises Position in Calix, Inc (CALX)

Vanguard Group Inc. boosted its holdings in Calix, Inc (NYSE:CALX) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,459,000 shares of the communications equipment provider’s stock after acquiring an additional 115,818 shares during the period. Vanguard Group Inc. owned 6.94% of Calix worth $23,694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CALX. American International Group Inc. grew its stake in Calix by 7.1% in the 1st quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock valued at $184,000 after acquiring an additional 1,676 shares during the last quarter. Wells Fargo & Company MN grew its stake in Calix by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock valued at $192,000 after acquiring an additional 729 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Calix by 14.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 28,938 shares of the communications equipment provider’s stock valued at $210,000 after acquiring an additional 3,617 shares during the last quarter. Alliancebernstein L.P. purchased a new position in Calix in the 2nd quarter valued at about $219,000. Finally, BKS Advisors LLC lifted its holdings in Calix by 31.6% in the 2nd quarter. BKS Advisors LLC now owns 40,800 shares of the communications equipment provider’s stock valued at $279,000 after purchasing an additional 9,800 shares in the last quarter. 64.98% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have issued reports on CALX. Jefferies Group LLC restated a “hold” rating and issued a $7.00 target price on shares of Calix in a report on Friday, October 6th. BidaskClub lowered shares of Calix from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Northland Securities set a $7.00 target price on shares of Calix and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Zacks Investment Research lowered shares of Calix from a “hold” rating to a “sell” rating in a report on Monday. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Calix currently has a consensus rating of “Hold” and a consensus price target of $6.50.

Calix, Inc (CALX) opened at $6.40 on Tuesday. Calix, Inc has a 1-year low of $4.65 and a 1-year high of $8.10.

Calix (NYSE:CALX) last released its earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.04). The firm had revenue of $128.80 million during the quarter, compared to analysts’ expectations of $127.92 million. Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. Calix’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. research analysts expect that Calix, Inc will post -1.52 earnings per share for the current fiscal year.

About Calix

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.

Institutional Ownership by Quarter for Calix (NYSE:CALX)

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