Roth Mkm Reiterates “Buy” Rating for Calix (NYSE:CALX)

Calix (NYSE:CALX)‘s stock had its “buy” rating reissued by research analysts at Roth Mkm in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $50.00 price objective on the communications equipment provider’s stock. Roth Mkm’s price target indicates a potential upside of 78.57% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Calix in a report on Wednesday, April 17th. Rosenblatt Securities cut their price target on shares of Calix from $57.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. Finally, StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

Calix Stock Performance

Calix stock opened at $28.00 on Monday. The firm has a market cap of $1.83 billion, a PE ratio of 62.22 and a beta of 1.65. The firm’s 50 day moving average price is $33.16 and its two-hundred day moving average price is $37.51. Calix has a twelve month low of $26.76 and a twelve month high of $53.90.

Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm had revenue of $264.73 million for the quarter, compared to analyst estimates of $264.41 million. Calix had a net margin of 3.06% and a return on equity of 7.92%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. Equities analysts anticipate that Calix will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CALX. TD Asset Management Inc raised its holdings in Calix by 516.6% in the 4th quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock worth $70,380,000 after acquiring an additional 1,349,625 shares during the period. Epoch Investment Partners Inc. raised its holdings in Calix by 213.8% in the 4th quarter. Epoch Investment Partners Inc. now owns 944,350 shares of the communications equipment provider’s stock worth $41,259,000 after acquiring an additional 643,392 shares during the period. Norges Bank bought a new position in Calix in the 4th quarter worth $26,483,000. Artisan Partners Limited Partnership raised its holdings in Calix by 106.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,074,175 shares of the communications equipment provider’s stock worth $49,240,000 after acquiring an additional 554,003 shares during the period. Finally, Artemis Investment Management LLP bought a new position in Calix in the 4th quarter worth $18,165,000. Institutional investors own 98.14% of the company’s stock.

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.