State Street Corp Buys 57,658 Shares of Calix Inc (CALX)

State Street Corp lifted its stake in Calix Inc (NYSE:CALX) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 791,110 shares of the communications equipment provider’s stock after buying an additional 57,658 shares during the quarter. State Street Corp owned about 1.58% of Calix worth $5,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System grew its position in shares of Calix by 9.4% during the first quarter. California Public Employees Retirement System now owns 134,500 shares of the communications equipment provider’s stock worth $975,000 after purchasing an additional 11,600 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Calix by 3.2% during the first quarter. Vanguard Group Inc. now owns 3,343,182 shares of the communications equipment provider’s stock worth $24,238,000 after purchasing an additional 103,026 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Calix by 2.3% during the first quarter. Geode Capital Management LLC now owns 309,607 shares of the communications equipment provider’s stock worth $2,244,000 after purchasing an additional 7,015 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Calix by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,126,799 shares of the communications equipment provider’s stock worth $22,669,000 after purchasing an additional 88,273 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Calix by 6.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 159,836 shares of the communications equipment provider’s stock worth $1,159,000 after purchasing an additional 9,918 shares in the last quarter. 67.13% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on CALX shares. Northland Securities set a $7.00 target price on Calix and gave the stock a “hold” rating in a research report on Monday, August 7th. BidaskClub upgraded Calix from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research cut Calix from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. ValuEngine upgraded Calix from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, Jefferies Group restated a “hold” rating and set a $7.00 price target on shares of Calix in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.50.

Calix Inc (CALX) opened at $6.70 on Tuesday. Calix Inc has a 1-year low of $4.65 and a 1-year high of $8.10.

Calix (NYSE:CALX) last released its quarterly earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.04). The firm had revenue of $128.80 million for the quarter, compared to analysts’ expectations of $127.92 million. Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. equities analysts expect that Calix Inc will post -1.52 EPS for the current year.

In other news, CFO Cory Sindelar purchased 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $6.70 per share, for a total transaction of $33,500.00. Following the acquisition, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at approximately $100,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 16.50% of the company’s stock.

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Calix Company Profile

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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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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