Shares of Calix Inc. (NYSE:CALX) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.25.
CALX has been the subject of a number of recent analyst reports. Morgan Stanley set a $9.00 target price on Calix and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. TheStreet raised Calix from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Finally, Craig Hallum raised Calix from a “hold” rating to a “buy” rating in a research report on Wednesday, November 2nd.
Calix (NYSE:CALX) opened at 7.85 on Monday. The firm’s market cap is $382.99 million. Calix has a one year low of $5.64 and a one year high of $8.20. The stock’s 50 day moving average is $7.01 and its 200 day moving average is $7.19.
Calix (NYSE:CALX) last announced its earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm earned $121.19 million during the quarter, compared to analysts’ expectations of $117.15 million. Calix had a negative return on equity of 7.01% and a negative net margin of 5.89%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, equities research analysts expect that Calix will post ($0.02) earnings per share for the current year.
Several large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Calix by 30.4% in the third quarter. Wells Fargo & Company MN now owns 14,504 shares of the company’s stock valued at $107,000 after buying an additional 3,382 shares in the last quarter. Morgan Stanley boosted its stake in Calix by 163.6% in the third quarter. Morgan Stanley now owns 16,723 shares of the company’s stock valued at $123,000 after buying an additional 10,378 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Calix by 46.1% in the second quarter. GSA Capital Partners LLP now owns 18,068 shares of the company’s stock valued at $125,000 after buying an additional 5,700 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in Calix during the second quarter valued at $191,000. Finally, Bank of Montreal Can acquired a new stake in Calix during the second quarter valued at $201,000. 66.45% of the stock is owned by institutional investors.