Calix (CALX) Stock Rating Upgraded by Northland Securities

Calix (NYSE:CALX) was upgraded by Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, February 14th, MarketBeat.com reports.

Other equities research analysts have also recently issued reports about the company. BidaskClub raised Calix from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine raised Calix from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.50.

Calix (NYSE:CALX) traded up $0.07 during trading hours on Wednesday, reaching $6.97. The company’s stock had a trading volume of 66,660 shares, compared to its average volume of 278,738. The company has a market capitalization of $347.72, a PE ratio of -4.16 and a beta of 0.72. Calix has a twelve month low of $4.65 and a twelve month high of $7.40.

In other news, CFO Cory Sindelar bought 5,974 shares of Calix stock in a transaction dated Tuesday, November 28th. The shares were purchased at an average cost of $6.95 per share, with a total value of $41,519.30. Following the completion of the acquisition, the chief financial officer now owns 15,000 shares of the company’s stock, valued at approximately $104,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new stake in shares of Calix in the fourth quarter worth about $127,000. Symmetry Peak Management LLC bought a new stake in shares of Calix in the fourth quarter worth about $176,000. Nokomis Capital L.L.C. increased its holdings in shares of Calix by 8.9% in the fourth quarter. Nokomis Capital L.L.C. now owns 4,086,833 shares of the communications equipment provider’s stock worth $24,317,000 after purchasing an additional 335,674 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Calix by 841.6% in the fourth quarter. Millennium Management LLC now owns 188,987 shares of the communications equipment provider’s stock worth $1,124,000 after purchasing an additional 168,917 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of Calix in the fourth quarter worth about $145,000. 66.59% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Calix (CALX) Stock Rating Upgraded by Northland Securities” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/23/northland-securities-upgrades-calix-calx-to-outperform.html.

Calix Company Profile

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.

Receive News & Ratings for Calix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply