CALX has been the subject of several other reports. Zacks Investment Research cut Calix from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Northland Securities reissued a “buy” rating and set a $9.00 target price on shares of Calix in a research note on Wednesday, October 23rd.
CALX traded up $0.04 on Wednesday, hitting $7.54. 164,697 shares of the company were exchanged, compared to its average volume of 332,544. Calix has a twelve month low of $5.60 and a twelve month high of $11.30. The company has a market cap of $416.18 million, a price-to-earnings ratio of -22.85 and a beta of 0.67. The company has a current ratio of 1.15, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $6.87 and a two-hundred day moving average price of $6.54.
Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in shares of Calix during the 2nd quarter worth about $25,000. US Bancorp DE boosted its position in shares of Calix by 1,033.8% during the 2nd quarter. US Bancorp DE now owns 4,093 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 3,732 shares in the last quarter. Signaturefd LLC acquired a new position in shares of Calix during the 2nd quarter worth about $57,000. GSA Capital Partners LLP acquired a new position in shares of Calix during the 2nd quarter worth about $205,000. Finally, Rhumbline Advisers boosted its position in shares of Calix by 5.1% during the 3rd quarter. Rhumbline Advisers now owns 64,171 shares of the communications equipment provider’s stock worth $410,000 after acquiring an additional 3,119 shares in the last quarter. 66.22% of the stock is owned by institutional investors and hedge funds.
Calix, Inc, together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The company's cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
Further Reading: Bond
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.