Royal Bank of Canada Has $437,000 Stake in Calix, Inc (CALX)

Royal Bank of Canada reduced its stake in shares of Calix, Inc (NYSE:CALX) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,850 shares of the communications equipment provider’s stock after selling 2,674 shares during the quarter. Royal Bank of Canada owned 0.13% of Calix worth $437,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CALX. American International Group Inc. grew its holdings in shares of Calix by 7.1% during the 1st quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock worth $184,000 after purchasing an additional 1,676 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Calix by 15.5% during the 2nd quarter. Voya Investment Management LLC now owns 27,603 shares of the communications equipment provider’s stock worth $189,000 after purchasing an additional 3,696 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Calix by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock worth $192,000 after purchasing an additional 729 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of Calix by 14.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 28,938 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 3,617 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Calix by 55.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,850 shares of the communications equipment provider’s stock worth $211,000 after purchasing an additional 11,001 shares in the last quarter. 64.98% of the stock is currently owned by institutional investors.

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Several brokerages recently weighed in on CALX. BidaskClub upgraded Calix from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded Calix from a “hold” rating to a “sell” rating in a research report on Monday. Jefferies Group LLC restated a “hold” rating and set a $7.00 price objective on shares of Calix in a research report on Friday, October 6th. ValuEngine upgraded Calix from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Northland Securities set a $6.00 price objective on Calix and gave the stock a “hold” rating in a research report on Sunday, August 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Calix has a consensus rating of “Hold” and a consensus target price of $6.50.

Shares of Calix, Inc (CALX) opened at $6.20 on Wednesday. Calix, Inc has a 1 year low of $4.65 and a 1 year high of $8.10.

Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.04). Calix had a negative return on equity of 43.76% and a negative net margin of 16.19%. The business had revenue of $128.80 million for the quarter, compared to the consensus estimate of $127.92 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. Calix’s quarterly revenue was up 6.3% compared to the same quarter last year. sell-side analysts predict that Calix, Inc will post -1.52 EPS for the current year.

Calix 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.

Institutional Ownership by Quarter for Calix (NYSE:CALX)

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