Calix, Inc (NYSE:CALX) Position Raised by First Midwest Bank Trust Division

First Midwest Bank Trust Division raised its position in Calix, Inc (NYSE:CALX) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,480 shares of the communications equipment provider’s stock after buying an additional 491 shares during the period. First Midwest Bank Trust Division owned approximately 0.11% of Calix worth $387,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. American International Group Inc. raised its position in shares of Calix by 7.1% in the first quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock worth $184,000 after buying an additional 1,676 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of 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 during the period. Metropolitan Life Insurance Co. NY raised its position in shares of Calix by 14.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,938 shares of the communications equipment provider’s stock worth $210,000 after buying an additional 3,617 shares during the period. Algert Global LLC raised its position in shares of 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 during the period. Finally, Geode Capital Management LLC raised its position in shares of Calix by 2.3% in the first quarter. Geode Capital Management LLC now owns 309,607 shares of the communications equipment provider’s stock worth $2,244,000 after buying an additional 7,015 shares during the period. 63.60% of the stock is owned by institutional investors and hedge funds.

Calix, Inc (NYSE CALX) traded down 2.02% during mid-day trading on Friday, hitting $4.85. The stock had a trading volume of 364,217 shares. The company has a 50-day moving average price of $6.42 and a 200 day moving average price of $6.77. Calix, Inc has a 1-year low of $4.80 and a 1-year high of $8.10. The company’s market cap is $243.99 million.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, August 8th. The communications equipment provider reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.15) by $0.15. The business had revenue of $126.12 million during the quarter, compared to analysts’ expectations of $123.70 million. Calix had a negative return on equity of 30.33% and a negative net margin of 12.72%. Calix’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. Equities research analysts forecast that Calix, Inc will post ($1.21) EPS for the current fiscal year.

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A number of equities research analysts have weighed in on the company. Northland Securities set a $6.00 target price on Calix and gave the stock a “hold” rating in a research report on Sunday, August 13th. Zacks Investment Research downgraded Calix from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. BidaskClub downgraded Calix from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, ValuEngine upgraded Calix from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Four 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. The stock has a consensus rating of “Hold” and an average target price of $6.50.

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.

Institutional Ownership by Quarter for Calix (NYSE:CALX)

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