Swiss National Bank Has $571,000 Stake in Calix, Inc (CALX)
Swiss National Bank maintained its stake in Calix, Inc (NYSE:CALX) during the first quarter, Holdings Channel reports. The fund owned 78,700 shares of the communications equipment provider’s stock at the end of the first quarter. Swiss National Bank’s holdings in Calix were worth $571,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of CALX. State Board of Administration of Florida Retirement System boosted 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 valued at $227,000 after buying an additional 2,925 shares during the last quarter. Algert Global LLC boosted 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 valued at $289,000 after buying an additional 5,965 shares during the last quarter. First Midwest Bank Trust Division boosted 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 valued at $406,000 after buying an additional 617 shares during the last quarter. FMR LLC boosted 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 valued at $772,000 after buying an additional 81,700 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Calix during the fourth quarter valued at about $794,000. Hedge funds and other institutional investors own 64.81% of the company’s stock.
Shares of Calix, Inc (NYSE:CALX) opened at 6.80 on Tuesday. The company has a 50-day moving average price of $6.89 and a 200 day moving average price of $7.01. Calix, Inc has a 12-month low of $6.15 and a 12-month high of $8.20. The firm’s market capitalization is $339.15 million.
Calix (NYSE:CALX) last issued its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.59) by $0.05. Calix had a negative return on equity of 22.23% and a negative net margin of 10.46%. The company had revenue of $117.50 million for the quarter, compared to analyst estimates of $112.17 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities analysts expect that Calix, Inc will post ($0.36) earnings per share for the current year.
Several equities research analysts recently issued reports on CALX shares. Zacks Investment Research upgraded Calix from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. ValuEngine upgraded Calix from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $7.00 price objective on shares of Calix in a report on Thursday, March 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Calix currently has an average rating of “Hold” and an average target price of $7.67.
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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