Calix, Inc (NYSE:CALX) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $5.65 and last traded at $5.60, with a volume of 742,941 shares changing hands. The stock had previously closed at $6.85.

A number of research analysts have recently commented on CALX shares. Northland Securities set a $7.00 price target on Calix and gave the company a “hold” rating in a research note on Monday. Zacks Investment Research upgraded Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. ValuEngine upgraded Calix from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered Calix from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Calix has a consensus rating of “Hold” and an average target price of $7.00.

The company’s market capitalization is $278.05 million. The stock has a 50-day moving average of $6.87 and a 200 day moving average of $6.89.

Calix (NYSE:CALX) last issued its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $112.17 million. During the same quarter in the prior year, the business posted ($0.09) EPS. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities research analysts anticipate that Calix, Inc will post ($0.36) earnings per share for the current year.

A number of large investors have recently modified their holdings of the company. BKS Advisors LLC boosted its stake in shares of Calix by 31.6% in the second quarter. BKS Advisors LLC now owns 40,800 shares of the communications equipment provider’s stock valued at $279,000 after buying an additional 9,800 shares in the last quarter. Lapides Asset Management LLC boosted its stake in shares of Calix by 1.6% in the second quarter. Lapides Asset Management LLC now owns 2,926,600 shares of the communications equipment provider’s stock valued at $20,047,000 after buying an additional 44,800 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Calix by 1.4% in the second quarter. Rhumbline Advisers now owns 51,332 shares of the communications equipment provider’s stock valued at $352,000 after buying an additional 690 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Calix by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 160,938 shares of the communications equipment provider’s stock valued at $1,103,000 after buying an additional 1,102 shares in the last quarter. Finally, First Midwest Bank Trust Division boosted its stake in shares of Calix by 0.9% in the second quarter. First Midwest Bank Trust Division now owns 56,480 shares of the communications equipment provider’s stock valued at $387,000 after buying an additional 491 shares in the last quarter. Institutional investors own 64.69% 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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