Stocks of Calix Inc. (NYSE:CALX) traded higher last session on Wall Street, down -1.51% to $46.97.
CALX stock price is now -16.47% away from the 50-day moving average and -16.10% away from the 200-day moving average. The market capitalization of the company currently stands at $3.22B.
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With the price target enhanced from $82 to $88, Needham maintained Buy rating for Calix Inc. (NYSE: CALX). On April 12, 2022, Rosenblatt recently initiated its ‘Buy’ rating on the stock quoting a target price of $60, while ‘Northland Capital’ rates the stock as ‘Outperform’.
In other news, Collins John Matthew, Chief Commercial Ops Officer sold 5,000 shares of the company’s stock on Feb 03. The stock was sold for $272,400 at an average price of $54.48. Upon completion of the transaction, the Chief Commercial Ops Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 03, EVP, Commercial Operations Collins John Matthew sold 5,000 shares of the business’s stock. A total of $353,250 was realized by selling the stock at an average price of $70.65. Insiders disposed of 317,653 shares of company stock worth roughly $14.92 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CALX stock. A new stake in Calix Inc. shares was purchased by AXA S.A. during the first quarter worth $15,082,000. GRANITE INVESTMENT PARTNERS, LLC invested $10,256,000 in shares of CALX during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Calix Inc. valued at approximately $8,736,000. 1832 ASSET MANAGEMENT L.P. acquired a new stake in CALX for approximately $6,383,000. PIER CAPITAL, LLC purchased a new stake in CALX valued at around $4,479,000 in the second quarter.
Monday’s opening bell rang with an opening price of $46.90 for Calix Inc. (NYSE: CALX). During the past 12 months, Calix Inc. has had a low of $31.59 and a high of $77.44. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.30, and a quick ratio of 2.40. The fifty day moving average price for CALX is $56.23 and a two-hundred day moving average price translates $55.98 for the stock.
The latest earnings results from Calix Inc. (NYSE: CALX) was released for Dec, 2022. The net profit margin was 4.70% and return on equity was 6.50% for CALX. The company reported revenue of $244.5 million for the quarter, compared to $176.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.59 percent.
Calix Inc.(CALX) Company Profile
Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company’s cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services. It provides Calix Cloud platform, a role-based analytics platform comprising Calix Marketing Cloud, Calix Support Cloud, and Calix Operations Cloud, which are configurable to display role-based insights and enable BSPs to anticipate and target new revenue-generating services and applications through mobile application. The company also offers EXOS, a carrier class premises operating system and fully integrated with its GigaSpire family of systems to be ready for deployment as a complete subscriber experience solutions for BSP’s residential and business subscribers; and AXOS, a software platform to access edge of the network by its architecture and operations. It offers its products through its direct sales force and resellers. Calix, Inc. was incorporated in 1999 and is headquartered in San Jose, California.
