Short Interest in Calix, Inc. (NYSE:CALX) Increases By 14.6%

Calix, Inc. (NYSE:CALX) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,460,000 shares, a growth of 14.6% from the March 15th total of 3,020,000 shares. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is currently 3.4 days. Approximately 6.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. Rosenblatt Securities reduced their price objective on shares of Calix from $57.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. Finally, Needham & Company LLC reduced their price objective on shares of Calix from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.60.

Hedge Funds Weigh In On Calix

Several institutional investors have recently bought and sold shares of the stock. Harbour Capital Advisors LLC grew its stake in Calix by 52.0% during the first quarter. Harbour Capital Advisors LLC now owns 10,450 shares of the communications equipment provider’s stock valued at $335,000 after acquiring an additional 3,575 shares in the last quarter. Thompson Investment Management Inc. grew its stake in Calix by 42.6% during the first quarter. Thompson Investment Management Inc. now owns 55,950 shares of the communications equipment provider’s stock valued at $1,855,000 after acquiring an additional 16,725 shares in the last quarter. Congress Asset Management Co. MA grew its stake in Calix by 19.4% during the first quarter. Congress Asset Management Co. MA now owns 1,045,867 shares of the communications equipment provider’s stock valued at $34,681,000 after acquiring an additional 170,180 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Calix by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,422,915 shares of the communications equipment provider’s stock worth $280,617,000 after buying an additional 58,069 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Calix by 10.5% in the 4th quarter. Wellington Management Group LLP now owns 1,755,497 shares of the communications equipment provider’s stock worth $76,698,000 after buying an additional 166,695 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Trading Down 0.2 %

CALX traded down $0.05 during trading on Tuesday, hitting $29.37. 1,282,314 shares of the company traded hands, compared to its average volume of 988,476. The company has a market cap of $1.92 billion, a PE ratio of 65.27 and a beta of 1.65. The stock’s 50-day simple moving average is $33.68 and its two-hundred day simple moving average is $38.04. Calix has a 1 year low of $29.08 and a 1 year high of $53.90.

Calix (NYSE:CALX) last posted its earnings results 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 company had revenue of $264.73 million during the quarter, compared to analysts’ expectations of $264.41 million. Calix had a net margin of 3.06% and a return on equity of 7.92%. Calix’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $0.18 earnings per share. Equities analysts expect that Calix will post 0.45 EPS 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.