Calix Inc (NYSE:CALX) Director Purchases $173,755.00 in Stock

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Calix Inc (NYSE:CALX) Director J Daniel Plants acquired 29,500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $5.89 per share, for a total transaction of $173,755.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

J Daniel Plants also recently made the following trade(s):

  • On Monday, August 26th, J Daniel Plants acquired 14,346 shares of Calix stock. The shares were bought at an average cost of $5.88 per share, for a total transaction of $84,354.48.
  • On Wednesday, May 29th, J Daniel Plants acquired 25,311 shares of Calix stock. The shares were bought at an average cost of $6.21 per share, for a total transaction of $157,181.31.

Shares of CALX traded down $0.05 during mid-day trading on Tuesday, reaching $5.85. 149,800 shares of the company’s stock were exchanged, compared to its average volume of 363,507. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.80. The stock has a market capitalization of $328.21 million, a PE ratio of -17.73 and a beta of 0.71. The business’s fifty day simple moving average is $6.34 and its 200-day simple moving average is $6.95. Calix Inc has a 52-week low of $5.60 and a 52-week high of $11.30.

Calix (NYSE:CALX) last announced its earnings results on Tuesday, July 23rd. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $100.30 million for the quarter, compared to analyst estimates of $99.95 million. Calix had a negative net margin of 4.66% and a negative return on equity of 8.70%. Equities research analysts predict that Calix Inc will post -0.13 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Paradigm Capital Management Inc. NY grew its position in Calix by 970.0% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 855,982 shares of the communications equipment provider’s stock valued at $5,615,000 after buying an additional 775,982 shares during the last quarter. Acadian Asset Management LLC grew its position in Calix by 289.2% in the 1st quarter. Acadian Asset Management LLC now owns 567,814 shares of the communications equipment provider’s stock valued at $4,372,000 after buying an additional 421,922 shares during the last quarter. Heartland Advisors Inc. grew its position in Calix by 178.2% in the 2nd quarter. Heartland Advisors Inc. now owns 603,200 shares of the communications equipment provider’s stock valued at $3,957,000 after buying an additional 386,400 shares during the last quarter. Divisar Capital Management LLC grew its position in Calix by 10.4% in the 2nd quarter. Divisar Capital Management LLC now owns 3,405,036 shares of the communications equipment provider’s stock valued at $22,337,000 after buying an additional 320,000 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Calix by 19.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,419,090 shares of the communications equipment provider’s stock valued at $9,309,000 after buying an additional 234,719 shares during the last quarter. Institutional investors and hedge funds own 65.52% of the company’s stock.

A number of analysts have weighed in on CALX shares. Northland Securities reissued a “buy” rating and set a $8.50 price objective on shares of Calix in a report on Thursday, July 25th. Zacks Investment Research lowered shares of Calix from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $8.38.

Calix Company Profile

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The company's cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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