Calix Inc (NYSE:CALX) was the recipient of a significant increase in short interest during the month of November. As of November 29th, there was short interest totalling 1,530,000 shares, an increase of 10.9% from the November 14th total of 1,380,000 shares. Based on an average daily volume of 233,500 shares, the short-interest ratio is presently 6.6 days. Approximately 3.2% of the shares of the stock are short sold.

In other Calix news, Director Michael Matthews sold 6,800 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $7.54, for a total transaction of $51,272.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donald J. Listwin purchased 25,000 shares of the stock in a transaction on Monday, October 28th. The shares were acquired at an average cost of $7.97 per share, with a total value of $199,250.00. The disclosure for this purchase can be found here. Insiders own 18.57% of the company’s stock.

Several hedge funds have recently bought and sold shares of CALX. Bank of Montreal Can purchased a new stake in shares of Calix in the 2nd quarter worth approximately $25,000. US Bancorp DE boosted its stake in Calix by 1,033.8% during the 2nd quarter. US Bancorp DE now owns 4,093 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 3,732 shares during the last quarter. Signaturefd LLC purchased a new stake in Calix during the 2nd quarter valued at $57,000. Metropolitan Life Insurance Co NY lifted its holdings in shares of Calix by 19.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 15,153 shares of the communications equipment provider’s stock valued at $97,000 after buying an additional 2,459 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Calix during the 2nd quarter valued at $205,000. Hedge funds and other institutional investors own 67.16% of the company’s stock.

Shares of CALX stock traded up $0.07 during midday trading on Friday, reaching $8.01. 10,963 shares of the stock were exchanged, compared to its average volume of 214,590. Calix has a 1 year low of $5.60 and a 1 year high of $11.30. The company’s 50 day moving average is $7.66 and its two-hundred day moving average is $6.67. The company has a current ratio of 1.15, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a market cap of $439.48 million, a PE ratio of -24.30 and a beta of 0.67.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, October 22nd. The communications equipment provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Calix had a negative return on equity of 8.74% and a negative net margin of 5.66%. The firm had revenue of $114.49 million for the quarter, compared to the consensus estimate of $111.80 million. As a group, equities analysts expect that Calix will post -0.16 EPS for the current fiscal year.

A number of research firms have commented on CALX. Zacks Investment Research lowered Calix from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. ValuEngine raised Calix from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Northland Securities reaffirmed a “buy” rating and set a $9.00 price target on shares of Calix in a research report on Thursday, November 21st.

Calix Company Profile

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The company's cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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