Calix, Inc (NYSE:CALX) Given a $6.00 Price Target by Northland Securities Analysts

Calix, Inc (NYSE:CALX) received a $6.00 target price from equities research analysts at Northland Securities in a note issued to investors on Sunday. The brokerage currently has a “hold” rating on the communications equipment provider’s stock. Northland Securities’ price target points to a potential upside of 17.65% from the stock’s current price.

Other equities analysts have also issued research reports about the company. BidaskClub lowered Calix from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Finally, ValuEngine raised Calix from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Calix has an average rating of “Hold” and an average target price of $6.50.

Shares of Calix (CALX) opened at 5.10 on Friday. The stock’s market cap is $255.10 million. The company’s 50-day moving average price is $6.64 and its 200 day moving average price is $6.83. Calix has a 12-month low of $4.85 and a 12-month high of $8.10.

Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.15. The company had revenue of $126.12 million for the quarter, compared to analyst estimates of $123.70 million. Calix had a negative return on equity of 28.88% and a negative net margin of 12.72%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm posted ($0.04) EPS. On average, equities analysts predict that Calix will post ($1.21) earnings per share for the current year.

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A number of large investors have recently bought and sold shares of CALX. State Board of Administration of Florida Retirement System increased its stake in Calix by 11.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 29,497 shares of the communications equipment provider’s stock worth $227,000 after buying an additional 2,925 shares in the last quarter. State Street Corp increased its stake in Calix by 7.4% in the fourth quarter. State Street Corp now owns 731,006 shares of the communications equipment provider’s stock worth $5,627,000 after buying an additional 50,382 shares in the last quarter. FMR LLC increased its stake in Calix by 441.6% in the fourth quarter. FMR LLC now owns 100,200 shares of the communications equipment provider’s stock worth $772,000 after buying an additional 81,700 shares in the last quarter. First Midwest Bank Trust Division increased its stake in Calix by 1.1% in the first quarter. First Midwest Bank Trust Division now owns 55,989 shares of the communications equipment provider’s stock worth $406,000 after buying an additional 617 shares in the last quarter. Finally, Algert Global LLC increased its stake in Calix by 17.6% in the first quarter. Algert Global LLC now owns 39,874 shares of the communications equipment provider’s stock worth $289,000 after buying an additional 5,965 shares in the last quarter. Institutional investors own 63.60% of the company’s stock.

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.

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