Calix, Inc. (NYSE:CALX – Get Rating) Director Donald J. Listwin sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $58.20, for a total transaction of $2,037,000.00. Following the transaction, the director now directly owns 700,000 shares in the company, valued at approximately $40,740,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Calix Trading Up 0.6 %
Shares of Calix stock opened at $59.16 on Friday. The company’s fifty day simple moving average is $41.02 and its 200-day simple moving average is $42.81. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 10.14 and a beta of 1.83. Calix, Inc. has a 1 year low of $31.59 and a 1 year high of $80.95.
Calix (NYSE:CALX – Get Rating) last announced its quarterly earnings data on Monday, July 25th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $202.04 million for the quarter, compared to the consensus estimate of $196.02 million. Calix had a net margin of 28.95% and a return on equity of 8.02%. Calix’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. As a group, research analysts forecast that Calix, Inc. will post 0.29 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Calix
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on CALX shares. Northland Securities lifted their price target on shares of Calix from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. TheStreet raised shares of Calix from a “c+” rating to a “b” rating in a research report on Wednesday. Rosenblatt Securities lifted their price target on shares of Calix from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Needham & Company LLC lifted their price target on shares of Calix from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, Cowen dropped their price target on shares of Calix from $57.00 to $48.00 in a research report on Wednesday, April 27th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.90.
Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.
- Get a free copy of the StockNews.com research report on Calix (CALX)
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