Favorable News Coverage Somewhat Unlikely to Impact Calix (CALX) Stock Price

Media headlines about Calix (NYSE:CALX) have trended positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Calix earned a news impact score of 0.26 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 46.4966056144012 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

A number of equities research analysts have weighed in on the company. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating in a research report on Wednesday. BidaskClub downgraded Calix from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. ValuEngine upgraded Calix from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research downgraded Calix from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Calix has an average rating of “Hold” and a consensus target price of $6.50.

Shares of Calix (NYSE CALX) opened at $6.85 on Friday. The firm has a market capitalization of $347.72, a P/E ratio of -4.15 and a beta of 0.72. Calix has a 52-week low of $4.65 and a 52-week high of $7.40.

In other news, CFO Cory Sindelar bought 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average cost of $6.70 per share, for a total transaction of $33,500.00. Following the completion of the transaction, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at approximately $100,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.50% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Calix (NYSE:CALX)

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