Is Buying Calix Incorporated (NYSE:CALX) Here Good Idea?

September 17, 2017 - By Henry Gaston

 Is Buying Calix Incorporated (NYSE:CALX) Here Good Idea?

Investors sentiment increased to 1.3 in Q4 2016. Its up 0.38, from 0.92 in 2016Q3. It increased, as 2 investors sold Calix Inc shares while 35 reduced holdings. 17 funds opened positions while 31 raised stakes. 30.79 million shares or 1.21% less from 31.16 million shares in 2016Q3 were reported.
Tiaa Cref Mgmt Llc stated it has 171,496 shares or 0% of all its holdings. State Street accumulated 731,006 shares or 0% of the stock. Prelude Mgmt Limited Co stated it has 0% in Calix Inc (NYSE:CALX). Citadel Ltd Liability Company invested 0% of its portfolio in Calix Inc (NYSE:CALX). 202,735 were accumulated by Granite Invest Ptnrs Lc. Vanguard Grp invested 0% in Calix Inc (NYSE:CALX). Northern Trust Corp has invested 0% in Calix Inc (NYSE:CALX). Ameriprise Finance Inc has invested 0.01% in Calix Inc (NYSE:CALX). Citigroup Incorporated stated it has 42,775 shares. Meeder Asset Mngmt Inc accumulated 321 shares. Dimensional Fund Advsr Limited Partnership accumulated 0.01% or 3.04M shares. Barclays Pcl reported 36,737 shares. Nokomis Capital Limited holds 2.40 million shares. Perkins Capital Mgmt holds 0.14% of its portfolio in Calix Inc (NYSE:CALX) for 16,234 shares. Credit Suisse Ag has invested 0% in Calix Inc (NYSE:CALX).

The stock of Calix Incorporated (NYSE:CALX) registered an increase of 39.66% in short interest. CALX’s total short interest was 1.16 million shares in September as published by FINRA. Its up 39.66% from 828,000 shares, reported previously. With 270,700 shares average volume, it will take short sellers 4 days to cover their CALX’s short positions. The short interest to Calix Incorporated’s float is 2.9%.

The stock increased 1.02% or $0.05 on September 15, reaching $4.95. About 598,185 shares traded or 70.08% up from the average. Calix Inc (NYSE:CALX) has risen 5.89% since September 17, 2016 and is uptrending. It has underperformed by 10.81% the S&P500.

Calix, Inc. provides broadband communications access systems and software for fiber- and copper network architectures that enable communications service providers , to transform their networks and connect to their residential and business subscribers. The company has market cap of $249.02 million. The Firm enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks. It currently has negative earnings. It develops and sells carrier-class hardware and cloud products.

Calix Inc (NYSE:CALX) Ratings Coverage

Among 6 analysts covering Calix Inc. (NYSE:CALX), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Calix Inc. had 12 analyst reports since September 30, 2015 according to SRatingsIntel. The stock of Calix Inc (NYSE:CALX) earned “Outperform” rating by Northland Capital on Wednesday, September 30. The firm has “Hold” rating given on Wednesday, August 9 by Cowen & Co. Jefferies maintained the shares of CALX in report on Monday, June 26 with “Hold” rating. The firm has “Market Perform” rating by Northland Capital given on Wednesday, February 15. The company was maintained on Monday, August 7 by Northland Capital. The firm has “Hold” rating given on Tuesday, August 8 by Jefferies. The firm has “Hold” rating given on Friday, October 30 by Jefferies. Jefferies maintained Calix Inc (NYSE:CALX) rating on Friday, March 24. Jefferies has “Hold” rating and $7 target. Drexel Hamilton initiated the stock with “Buy” rating in Friday, December 18 report. The stock of Calix Inc (NYSE:CALX) earned “Buy” rating by Craig Hallum on Wednesday, November 2.

More notable recent Calix Inc (NYSE:CALX) news were published by: Globenewswire.com which released: “Calix Reports First Quarter 2017 Financial Results” on May 09, 2017, also Seekingalpha.com with their article: “Calix’ Q3 Results” published on August 19, 2017, Globenewswire.com published: “Calix Reinvents Connected Home Support and Experience Management with Calix …” on June 28, 2017. More interesting news about Calix Inc (NYSE:CALX) were released by: Globenewswire.com and their article: “Marketing Visionary Matt Collins Joins Calix as CMO” published on July 18, 2017 as well as Globenewswire.com‘s news article titled: “Veteran Technology Executive Kira Makagon Joins Calix Board of Directors” with publication date: July 20, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.