Calix Inc (NYSE:CALX) – Research analysts at Jefferies Group boosted their Q4 2018 earnings per share (EPS) estimates for shares of Calix in a report released on Wednesday. Jefferies Group analyst G. Notter now forecasts that the communications equipment provider will earn $0.04 per share for the quarter, up from their previous estimate of $0.02. Jefferies Group also issued estimates for Calix’s Q1 2019 earnings at ($0.06) EPS, Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.02 EPS and Q4 2019 earnings at $0.05 EPS.
Several other equities analysts have also recently issued reports on CALX. BidaskClub cut shares of Calix from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Zacks Investment Research cut shares of Calix from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. ValuEngine raised shares of Calix from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.50.
Calix (NYSE:CALX) opened at $6.85 on Friday. The stock has a market cap of $347.72, a P/E ratio of -4.15 and a beta of 0.72. Calix has a 52 week low of $4.65 and a 52 week high of $7.40.
In other news, CFO Cory Sindelar bought 5,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was bought at an average cost of $6.70 per share, for a total transaction of $33,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 15,000 shares in the company, valued at approximately $100,500. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 16.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new stake in shares of Calix during the fourth quarter worth approximately $127,000. GSA Capital Partners LLP acquired a new stake in shares of Calix during the third quarter worth approximately $114,000. Simplex Trading LLC acquired a new stake in shares of Calix during the fourth quarter worth approximately $135,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Calix during the third quarter worth approximately $119,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Calix during the fourth quarter worth approximately $145,000. Institutional investors and hedge funds own 67.21% of the company’s stock.
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Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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