Calix, Inc (NYSE:CALX) has earned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $7.00.

CALX has been the topic of several recent analyst reports. BidaskClub lowered shares of Calix from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine raised shares of Calix from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th.

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Shares of Calix (CALX) opened at 6.65 on Friday. Calix has a 12-month low of $6.15 and a 12-month high of $8.20. The firm’s 50-day moving average price is $6.89 and its 200-day moving average price is $6.89. The company’s market capitalization is $331.67 million.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.64) earnings per share (EPS) 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 firm had revenue of $117.50 million for the quarter, compared to analysts’ expectations of $112.17 million. During the same period in the previous year, the company earned ($0.09) earnings per share. The company’s revenue was up 19.4% compared to the same quarter last year. On average, analysts expect that Calix will post ($0.36) EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new position in shares of Calix during the fourth quarter worth $794,000. 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 in the last quarter. State Street Corp raised its position 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 worth $5,627,000 after buying an additional 50,382 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Calix by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,038,526 shares of the communications equipment provider’s stock worth $23,397,000 after buying an additional 154,050 shares in the last quarter. Finally, FMR LLC raised its position in shares of Calix by 441.6% in the fourth quarter. FMR LLC now owns 100,200 shares of the communications equipment provider’s stock worth $772,000 after buying an additional 81,700 shares in the last quarter. 64.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

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