Calix (NYSE:CALX) Rating Increased to Buy at ValuEngine

Calix (NYSE:CALX) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday, ValuEngine reports.

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.

In other Calix news, Director J Daniel Plants acquired 29,500 shares of the stock in a transaction dated Friday, August 23rd. The stock was acquired at an average cost of $5.89 per share, with a total value of $173,755.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Donald J. Listwin acquired 25,000 shares of the stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of $7.97 per share, with a total value of $199,250.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 78,946 shares of company stock valued at $515,838. Insiders own 18.57% of the company’s stock.

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.

About Calix

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.

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