State Street Corp Buys 5,462 Shares of Calix, Inc. (NYSE:CALX)

State Street Corp lifted its stake in Calix, Inc. (NYSE:CALX) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,316,174 shares of the communications equipment provider’s stock after buying an additional 5,462 shares during the period. State Street Corp owned approximately 3.49% of Calix worth $89,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Calix by 187.9% during the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 436 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Calix during the third quarter worth $34,000. Arcadia Investment Management Corp MI bought a new stake in Calix during the third quarter worth $39,000. Avior Wealth Management LLC lifted its stake in Calix by 998.1% during the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in 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 during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Calix Stock Performance

Shares of NYSE:CALX opened at $36.06 on Tuesday. The company has a market capitalization of $2.39 billion, a PE ratio of -150.25 and a beta of 1.70. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $45.15. The company has a fifty day moving average of $34.94 and a 200-day moving average of $35.94.

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