Calix, Inc. (NYSE:CALX) Short Interest Update

Calix, Inc. (NYSE:CALX) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 2,730,000 shares, a growth of 11.0% from the December 15th total of 2,460,000 shares. Approximately 4.6% of the company’s stock are short sold. Based on an average trading volume of 693,900 shares, the short-interest ratio is currently 3.9 days.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CALX. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Calix in a research report on Tuesday, October 29th. Rosenblatt Securities reissued a “buy” rating and set a $45.00 price objective on shares of Calix in a report on Thursday, October 3rd. Finally, StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Calix presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Institutional Investors Weigh In On Calix

A number of hedge funds and other institutional investors have recently modified their holdings of CALX. Hexagon Capital Partners LLC grew its position in Calix by 29.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock valued at $54,000 after buying an additional 318 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Calix by 187.9% in the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 436 shares in the last quarter. Assetmark Inc. increased its stake in shares of Calix by 16.7% during the third quarter. Assetmark Inc. now owns 3,381 shares of the communications equipment provider’s stock valued at $131,000 after acquiring an additional 485 shares during the period. National Bank of Canada FI raised its holdings in Calix by 0.4% during the third quarter. National Bank of Canada FI now owns 142,187 shares of the communications equipment provider’s stock worth $5,515,000 after purchasing an additional 520 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Calix by 42.1% in the third quarter. Farther Finance Advisors LLC now owns 1,763 shares of the communications equipment provider’s stock worth $68,000 after purchasing an additional 522 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Calix Stock Down 0.1 %

CALX stock traded down $0.05 during mid-day trading on Monday, reaching $37.93. The company had a trading volume of 233,441 shares, compared to its average volume of 446,743. The stock’s 50-day simple moving average is $34.35 and its two-hundred day simple moving average is $36.04. The stock has a market capitalization of $2.52 billion, a P/E ratio of -158.02 and a beta of 1.68. Calix has a one year low of $26.76 and a one year high of $45.15.

Calix (NYSE:CALX) last posted its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The firm had revenue of $200.95 million during the quarter, compared to analyst estimates of $201.06 million. During the same period in the previous year, the business posted $0.25 EPS. Calix’s revenue was down 23.8% on a year-over-year basis. On average, research analysts forecast that Calix will post -0.34 EPS for the current fiscal year.

Calix Company Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.