Calix, Inc. (NYSE:CALX) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its stake in shares of Calix, Inc. (NYSE:CALX) by 113.2% during the 3rd quarter, Holdings Channel reports. The fund owned 17,588 shares of the communications equipment provider’s stock after purchasing an additional 9,339 shares during the quarter. Stifel Financial Corp’s holdings in Calix were worth $682,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Divisar Capital Management LLC acquired a new stake in shares of Calix during the 2nd quarter worth approximately $15,876,000. Congress Asset Management Co. grew its position in Calix by 30.1% during the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock valued at $60,725,000 after buying an additional 361,805 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Calix by 200.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 344,514 shares of the communications equipment provider’s stock valued at $13,364,000 after buying an additional 229,871 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Calix by 82.7% in the second quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider’s stock worth $10,641,000 after acquiring an additional 135,916 shares during the period. Finally, Paradigm Capital Management Inc. NY raised its position in shares of Calix by 9.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider’s stock worth $47,366,000 after acquiring an additional 115,500 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Calix Price Performance

Shares of NYSE:CALX opened at $35.29 on Thursday. The business’s 50 day moving average price is $34.53 and its 200-day moving average price is $35.91. The firm has a market capitalization of $2.34 billion, a PE ratio of -147.04 and a beta of 1.70. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $45.15.

Calix (NYSE:CALX) last announced 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 company had revenue of $200.95 million for 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%. The firm’s revenue for the quarter was down 23.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. As a group, analysts expect that Calix, Inc. 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.