Calix (NYSE:CALX) Given New $44.00 Price Target at Roth Mkm

Calix (NYSE:CALX) had its price objective boosted by Roth Mkm from $43.00 to $44.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Roth Mkm currently has a buy rating on the communications equipment provider’s stock.

Several other equities analysts have also issued reports on CALX. Rosenblatt Securities cut their target price on Calix from $45.00 to $35.00 and set a buy rating on the stock in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Calix from $28.00 to $41.00 and gave the stock a neutral rating in a research report on Monday. StockNews.com lowered shares of Calix from a hold rating to a sell rating in a research note on Friday, May 10th. Needham & Company LLC restated a buy rating and issued a $45.00 target price on shares of Calix in a research note on Tuesday. Finally, Jefferies Financial Group lowered shares of Calix from a buy rating to a hold rating and cut their price target for the stock from $48.00 to $30.00 in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $42.50.

Calix Trading Down 2.9 %

Shares of CALX traded down $1.03 during mid-day trading on Tuesday, hitting $34.01. The company’s stock had a trading volume of 265,247 shares, compared to its average volume of 848,380. The company’s 50-day moving average is $34.64 and its 200-day moving average is $34.51. Calix has a 52-week low of $26.76 and a 52-week high of $48.53. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 113.58 and a beta of 1.76.

Calix (NYSE:CALX) last issued its quarterly earnings data on Monday, July 22nd. The communications equipment provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $198.14 million during the quarter, compared to the consensus estimate of $200.77 million. Calix had a net margin of 0.52% and a return on equity of 4.20%. Calix’s revenue for the quarter was down 24.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. As a group, sell-side analysts predict that Calix will post -0.27 earnings per share for the current fiscal year.

Institutional Trading of Calix

Large investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its holdings in shares of Calix by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the communications equipment provider’s stock worth $1,038,000 after buying an additional 300 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Calix by 13.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock worth $89,000 after acquiring an additional 303 shares during the last quarter. Portside Wealth Group LLC lifted its position in Calix by 4.4% during the 2nd quarter. Portside Wealth Group LLC now owns 7,214 shares of the communications equipment provider’s stock worth $256,000 after acquiring an additional 301 shares during the period. Diversified Trust Co grew its stake in Calix by 11.4% during the 2nd quarter. Diversified Trust Co now owns 10,033 shares of the communications equipment provider’s stock valued at $355,000 after purchasing an additional 1,026 shares during the last quarter. Finally, LVW Advisors LLC acquired a new position in shares of Calix in the second quarter valued at about $208,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

About Calix

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.