Calix, Inc. (NYSE:CALX) Director Donald J. Listwin Sells 35,000 Shares of Stock

Calix, Inc. (NYSE:CALXGet 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:CALXGet 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

A number of institutional investors have recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC boosted its stake in Calix by 2.1% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,301 shares of the communications equipment provider’s stock worth $318,000 after buying an additional 194 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Calix by 0.3% during the fourth quarter. Allianz Asset Management GmbH now owns 62,642 shares of the communications equipment provider’s stock worth $5,009,000 after buying an additional 202 shares in the last quarter. Arizona State Retirement System boosted its stake in Calix by 1.3% during the second quarter. Arizona State Retirement System now owns 15,717 shares of the communications equipment provider’s stock worth $537,000 after buying an additional 206 shares in the last quarter. LVW Advisors LLC boosted its stake in shares of Calix by 4.1% in the 1st quarter. LVW Advisors LLC now owns 10,672 shares of the communications equipment provider’s stock valued at $458,000 after purchasing an additional 422 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Calix by 4.6% in the 4th quarter. D.A. Davidson & CO. now owns 10,813 shares of the communications equipment provider’s stock valued at $865,000 after purchasing an additional 472 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.

About Calix

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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.

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