Calix, Inc. (NYSE:CALX) Sees Significant Drop in Short Interest

Calix, Inc. (NYSE:CALX) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 2,460,000 shares, a decline of 5.7% from the November 30th total of 2,610,000 shares. Based on an average trading volume of 672,400 shares, the days-to-cover ratio is presently 3.7 days. Approximately 4.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Calix

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Calix by 187.9% in the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 436 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Calix during the 3rd quarter worth about $34,000. Arcadia Investment Management Corp MI bought a new position in shares of Calix in the 3rd quarter valued at about $39,000. Avior Wealth Management LLC increased its position in shares of Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its position in shares of Calix by 29.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock valued at $54,000 after acquiring an additional 318 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Trading Down 0.1 %

Shares of CALX stock traded down $0.02 on Wednesday, hitting $34.87. The stock had a trading volume of 403,444 shares, compared to its average volume of 746,076. The firm has a market cap of $2.31 billion, a P/E ratio of -145.29 and a beta of 1.70. Calix has a twelve month low of $26.76 and a twelve month high of $45.15. The company has a fifty day moving average price of $34.22 and a two-hundred day moving average price of $35.89.

Calix (NYSE:CALX) last issued its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The business had revenue of $200.95 million during the quarter, compared to analyst estimates of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. Calix’s quarterly revenue was down 23.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. On average, analysts expect that Calix will post -0.34 earnings per share for the current year.

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.