National Bank of Canada FI Buys 520 Shares of Calix, Inc. (NYSE:CALX)

National Bank of Canada FI grew its stake in shares of Calix, Inc. (NYSE:CALX) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,187 shares of the communications equipment provider’s stock after purchasing an additional 520 shares during the period. National Bank of Canada FI owned approximately 0.21% of Calix worth $5,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CALX. Divisar Capital Management LLC acquired a new stake in Calix in the 2nd quarter valued at $15,876,000. Congress Asset Management Co. lifted its stake in shares of Calix by 30.1% in the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock valued at $60,725,000 after buying an additional 361,805 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Calix by 200.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 344,514 shares of the communications equipment provider’s stock valued at $13,364,000 after buying an additional 229,871 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Calix by 82.7% during the second quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider’s stock worth $10,641,000 after acquiring an additional 135,916 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY raised its holdings in shares of Calix by 9.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider’s stock worth $47,366,000 after acquiring an additional 115,500 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Trading Up 0.4 %

Shares of Calix stock opened at $35.40 on Friday. The business’s fifty day simple moving average is $35.01 and its 200 day simple moving average is $35.88. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $45.15. The firm has a market capitalization of $2.35 billion, a P/E ratio of -147.50 and a beta of 1.70.

Calix (NYSE:CALX) last released its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $200.95 million for the quarter, compared to analysts’ expectations of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The business’s revenue for the quarter was down 23.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS. Analysts predict that Calix, Inc. will post -0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

CALX has been the subject of a number of analyst reports. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Calix in a report on Tuesday, October 29th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.50.

About Calix

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.