Calix, Inc. (NYSE:CALX) Short Interest Down 14.4% in January

Calix, Inc. (NYSE:CALX) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 2,250,000 shares, a decrease of 14.4% from the January 15th total of 2,630,000 shares. Based on an average daily trading volume, of 762,100 shares, the short-interest ratio is currently 3.0 days. Currently, 3.8% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.17.

Calix Trading Down 2.1 %

CALX opened at $39.84 on Friday. The company’s 50 day moving average is $37.37 and its 200-day moving average is $36.58. Calix has a 1-year low of $26.76 and a 1-year high of $42.50. The company has a market cap of $2.64 billion, a P/E ratio of -88.53 and a beta of 1.70.

Calix (NYSE:CALX) last issued its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. On average, equities analysts forecast that Calix will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in Calix by 187.9% during the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 436 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Calix by 367.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 640 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Calix in the 3rd quarter valued at $34,000. Arcadia Investment Management Corp MI acquired a new stake in Calix in the 3rd quarter valued at $39,000. Finally, Avior Wealth Management LLC grew its position in Calix by 998.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 1,078 shares during the period. Institutional investors own 98.14% of the company’s stock.

Calix Company Profile

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.