Calix, Inc (CALX) Position Boosted by Vanguard Group Inc.
Vanguard Group Inc. boosted its position in shares of Calix, Inc (NYSE:CALX) by 3.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,343,182 shares of the communications equipment provider’s stock after buying an additional 103,026 shares during the period. Vanguard Group Inc. owned approximately 6.74% of Calix worth $24,238,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of Calix by 27.7% in the first quarter. Bank of New York Mellon Corp now owns 610,268 shares of the communications equipment provider’s stock valued at $4,424,000 after buying an additional 132,305 shares in the last quarter. FMR LLC boosted its stake in shares of Calix by 120.3% in the first quarter. FMR LLC now owns 220,731 shares of the communications equipment provider’s stock valued at $1,600,000 after buying an additional 120,531 shares in the last quarter. TFS Capital LLC bought a new stake in shares of Calix during the first quarter valued at about $634,000. Menta Capital LLC boosted its stake in shares of Calix by 47.2% in the first quarter. Menta Capital LLC now owns 174,990 shares of the communications equipment provider’s stock valued at $1,269,000 after buying an additional 56,125 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Calix by 7.4% in the fourth quarter. State Street Corp now owns 731,006 shares of the communications equipment provider’s stock valued at $5,627,000 after buying an additional 50,382 shares in the last quarter. Hedge funds and other institutional investors own 63.60% of the company’s stock.
Shares of Calix, Inc (NYSE CALX) traded down 1.03% on Monday, hitting $4.80. 35,235 shares of the stock traded hands. Calix, Inc has a one year low of $4.80 and a one year high of $8.10. The stock has a 50 day moving average of $6.42 and a 200 day moving average of $6.77. The company’s market cap is $241.47 million.
Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported ($0.30) EPS 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 net margin of 12.72% and a negative return on equity of 30.33%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. Equities analysts anticipate that Calix, Inc will post ($1.21) earnings per share for the current year.
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Several brokerages recently issued reports on CALX. Zacks Investment Research cut shares of Calix from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Northland Securities set a $6.00 target price on shares of Calix and gave the stock a “hold” rating in a report on Sunday, August 13th. BidaskClub cut shares of Calix from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, ValuEngine upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a report 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $6.50.
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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