Roth Mkm Reaffirms Buy Rating for Calix (NYSE:CALX)

Roth Mkm reissued their buy rating on shares of Calix (NYSE:CALX) in a report published on Monday, Benzinga reports. The firm currently has a $50.00 target price on the communications equipment provider’s stock.

Several other analysts also recently weighed in on the company. StockNews.com upgraded Calix from a sell rating to a hold rating in a research note on Wednesday, February 28th. Needham & Company LLC reaffirmed a buy rating and set a $50.00 price target on shares of Calix in a research report on Wednesday, April 17th. Finally, Rosenblatt Securities reduced their price target on shares of Calix from $57.00 to $45.00 and set a buy rating on the stock in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $43.60.

Calix Trading Up 0.8 %

Shares of NYSE CALX opened at $28.25 on Monday. Calix has a 12-month low of $26.76 and a 12-month high of $53.90. The company has a market cap of $1.85 billion, a P/E ratio of 91.13 and a beta of 1.65. The stock has a fifty day moving average price of $33.04 and a 200 day moving average price of $37.45.

Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm had revenue of $264.73 million during the quarter, compared to the consensus estimate of $264.41 million. Calix had a return on equity of 6.65% and a net margin of 2.19%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS. On average, sell-side analysts forecast that Calix will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Calix

Hedge funds have recently made changes to their positions in the business. TFO Wealth Partners LLC increased its stake in shares of Calix by 13,787.5% during the fourth quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock valued at $49,000 after acquiring an additional 1,103 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Calix by 194.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider’s stock valued at $70,000 after acquiring an additional 1,011 shares during the period. Assetmark Inc. grew its position in Calix by 31.9% in the third quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider’s stock worth $72,000 after buying an additional 382 shares during the last quarter. Quadrant Capital Group LLC grew its position in Calix by 18.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock worth $98,000 after buying an additional 348 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Calix in the third quarter worth approximately $111,000. Institutional investors own 98.14% of the company’s stock.

About Calix

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.