Calix Inc. (NYSE:CALX) Director J Daniel Plants purchased 139,250 shares of the stock in a transaction dated Friday, May 11th. The stock was acquired at an average cost of $6.39 per share, for a total transaction of $889,807.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
CALX stock opened at $6.55 on Friday. Calix Inc. has a twelve month low of $6.40 and a twelve month high of $6.50.
Calix (NYSE:CALX) last released its earnings results on Tuesday, February 13th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). Calix had a negative return on equity of 39.60% and a negative net margin of 12.48%. The firm had revenue of $137.90 million for the quarter, compared to analyst estimates of $142.34 million. research analysts anticipate that Calix Inc. will post -0.19 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in CALX. Wells Fargo & Company MN grew its position in Calix by 61.6% during the third quarter. Wells Fargo & Company MN now owns 45,349 shares of the communications equipment provider’s stock worth $229,000 after buying an additional 17,295 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Calix by 6.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 171,087 shares of the communications equipment provider’s stock worth $864,000 after buying an additional 10,149 shares in the last quarter. California Public Employees Retirement System grew its position in Calix by 23.6% during the third quarter. California Public Employees Retirement System now owns 185,235 shares of the communications equipment provider’s stock worth $935,000 after buying an additional 35,335 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Calix during the third quarter worth about $114,000. Finally, Victory Capital Management Inc. acquired a new stake in Calix during the fourth quarter worth about $1,499,000. 64.00% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on CALX shares. Drexel Hamilton reaffirmed a “buy” rating and issued a $8.50 price target on shares of Calix in a research report on Wednesday, March 21st. Zacks Investment Research raised Calix from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Friday, March 16th. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 14th. Finally, ValuEngine downgraded Calix from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $7.38.
Calix, Inc, together with its subsidiaries, develops, markets, and sells software platforms, systems, and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to access networks. Its portfolio consists of E-Series access systems and nodes, B-Series access nodes, C-Series multiservice access system, and P-Series optical network terminals and residential gateways.
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