Calix, Inc. (NYSE:CALX) Short Interest Update

Calix, Inc. (NYSE:CALX) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,680,000 shares, a growth of 15.0% from the October 31st total of 2,330,000 shares. Approximately 4.5% of the shares of the company are sold short. Based on an average daily volume of 655,600 shares, the short-interest ratio is presently 4.1 days.

Hedge Funds Weigh In On Calix

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Calix by 187.9% during the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 436 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Calix during the 3rd quarter valued at $34,000. Arcadia Investment Management Corp MI purchased a new position in shares of Calix in the third quarter valued at about $39,000. Avior Wealth Management LLC boosted its stake in shares of Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 1,078 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of Calix by 29.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after purchasing an additional 318 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

CALX has been the topic of several research reports. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Rosenblatt Securities restated a “buy” rating and issued a $45.00 price objective on shares of Calix in a research report on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Calix in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Calix Stock Performance

Shares of CALX traded up $0.40 on Friday, hitting $32.53. 407,327 shares of the stock traded hands, compared to its average volume of 1,129,530. The company has a market capitalization of $2.16 billion, a PE ratio of -135.54 and a beta of 1.75. Calix has a one year low of $26.76 and a one year high of $45.15. The business has a 50 day simple moving average of $35.78 and a 200 day simple moving average of $35.77.

Calix (NYSE:CALX) last issued its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $200.95 million during the quarter, compared to analyst estimates of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. Calix’s revenue was down 23.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, equities analysts expect that Calix will post -0.34 earnings per share for the current 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.