Calix, Inc. (NYSE:CALX) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC lifted its stake in Calix, Inc. (NYSE:CALX) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,613 shares of the communications equipment provider’s stock after purchasing an additional 978 shares during the quarter. Inspire Investing LLC’s holdings in Calix were worth $405,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position 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 buying an additional 436 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Calix in the third quarter valued at $34,000. Arcadia Investment Management Corp MI purchased a new stake in Calix in the third quarter valued at $39,000. Avior Wealth Management LLC lifted its stake in shares of Calix by 998.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Calix by 29.8% during the 3rd 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 period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Stock Performance

NYSE CALX opened at $39.19 on Friday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -163.30 and a beta of 1.68. The firm has a 50 day simple moving average of $35.10 and a 200-day simple moving average of $36.18. Calix, Inc. has a one year low of $26.76 and a one year high of $44.82.

Calix (NYSE:CALX) last posted its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, topping the consensus estimate 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 negative net margin of 1.79% and a positive return on equity of 1.33%. The company’s quarterly revenue was down 23.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Equities analysts predict that Calix, Inc. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Tuesday, October 29th. Three 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 presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Calix 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.