Short Interest in Calix, Inc. (NYSE:CALX) Increases By 14.6%

Calix, Inc. (NYSE:CALX) was the recipient of a significant growth in short interest in the month of 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 daily volume of 1,020,000 shares, the short-interest ratio is presently 3.4 days. Currently, 6.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CALX. Captrust Financial Advisors grew its position in shares of Calix by 31.7% during the 2nd quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 204 shares during the period. Coppell Advisory Solutions Corp. bought a new position in shares of Calix during the 4th quarter valued at approximately $45,000. Advisors Asset Management Inc. grew its position in shares of Calix by 102.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 996 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 503 shares during the period. TFO Wealth Partners LLC grew its position in shares of Calix by 13,787.5% during the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock valued at $49,000 after acquiring an additional 1,103 shares during the period. Finally, KBC Group NV bought a new position in shares of Calix during the 4th quarter valued at approximately $50,000. 98.14% of the stock is owned by institutional investors.

Calix Stock Performance

NYSE:CALX traded down $0.05 on Tuesday, hitting $29.37. The stock had a trading volume of 1,282,314 shares, compared to its average volume of 988,476. The stock has a market cap of $1.92 billion, a P/E ratio of 65.27 and a beta of 1.65. Calix has a 1 year low of $29.08 and a 1 year high of $53.90. The firm’s fifty day simple moving average is $33.68 and its two-hundred day simple moving average is $38.04.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm had revenue of $264.73 million during the quarter, compared to analyst estimates of $264.41 million. Calix had a net margin of 3.06% and a return on equity of 7.92%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. Equities research analysts predict that Calix will post 0.45 EPS 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.