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

Calix, Inc. (NYSE:CALX) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 3,460,000 shares, a growth of 14.6% from the March 15th total of 3,020,000 shares. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is currently 3.4 days. Approximately 6.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Calix

A number of institutional investors and hedge funds have recently modified their holdings of CALX. Captrust Financial Advisors raised its position in shares of Calix by 31.7% during the second quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 204 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in Calix during the fourth quarter valued at $45,000. Advisors Asset Management Inc. raised its position in Calix by 102.0% during the third quarter. Advisors Asset Management Inc. now owns 996 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 503 shares during the period. TFO Wealth Partners LLC raised its position in Calix by 13,787.5% during the fourth quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock valued at $49,000 after buying an additional 1,103 shares during the period. Finally, KBC Group NV acquired a new position in Calix during the fourth quarter valued at $50,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CALX. Rosenblatt Securities cut their price objective on Calix from $57.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. Needham & Company LLC cut their price objective on Calix from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Finally, StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.60.

Calix Trading Down 0.2 %

Shares of Calix stock traded down $0.05 on Tuesday, reaching $29.37. 1,282,314 shares of the company were exchanged, compared to its average volume of 988,476. The stock has a fifty day moving average price of $33.68 and a 200-day moving average price of $38.04. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 65.27 and a beta of 1.65. Calix has a fifty-two week low of $29.08 and a fifty-two week high of $53.90.

Calix (NYSE:CALX) last announced its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $264.73 million for the quarter, compared to analyst estimates of $264.41 million. Calix had a return on equity of 7.92% and a net margin of 3.06%. Calix’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share. On average, equities analysts anticipate that Calix will post 0.45 earnings per share for the current fiscal year.

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.