Calix, Inc (NYSE:CALX) hit a new 52-week low during trading on Friday . The company traded as low as $4.65 and last traded at $4.68, with a volume of 260,188 shares changing hands. The stock had previously closed at $4.85.

CALX has been the subject of several recent analyst reports. ValuEngine upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Northland Securities set a $7.00 price target on shares of Calix and gave the company a “hold” rating in a research report on Monday, August 7th. BidaskClub lowered shares of Calix from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Calix from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Calix currently has an average rating of “Hold” and a consensus price target of $6.50.

The firm has a 50 day moving average price of $5.70 and a 200-day moving average price of $6.56. The company’s market cap is $233.93 million.

Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.15. Calix had a negative return on equity of 30.33% and a negative net margin of 12.72%. The firm had revenue of $126.12 million for the quarter, compared to the consensus estimate of $123.70 million. During the same quarter last year, the business earned ($0.04) earnings per share. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. Equities analysts expect that Calix, Inc will post ($1.21) EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in Calix by 1.8% during the first quarter. Renaissance Technologies LLC now owns 2,411,600 shares of the communications equipment provider’s stock worth $17,484,000 after purchasing an additional 43,400 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Calix by 6.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 159,836 shares of the communications equipment provider’s stock worth $1,159,000 after purchasing an additional 9,918 shares during the last quarter. Geode Capital Management LLC lifted its stake in Calix by 2.3% during the first quarter. Geode Capital Management LLC now owns 309,607 shares of the communications equipment provider’s stock worth $2,244,000 after purchasing an additional 7,015 shares during the last quarter. TFS Capital LLC bought a new position in Calix during the first quarter worth $634,000. Finally, Algert Global LLC lifted its stake in Calix by 17.6% during the first quarter. Algert Global LLC now owns 39,874 shares of the communications equipment provider’s stock worth $289,000 after purchasing an additional 5,965 shares during the last quarter. Hedge funds and other institutional investors own 64.48% of the company’s stock.

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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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