Insider Buying: Calix Inc (NYSE:CALX) Director Acquires 14,346 Shares of Stock

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Calix Inc (NYSE:CALX) Director J Daniel Plants purchased 14,346 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $5.88 per share, for a total transaction of $84,354.48. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Friday, August 23rd, J Daniel Plants purchased 29,500 shares of Calix stock. The stock was purchased at an average cost of $5.89 per share, for a total transaction of $173,755.00.
  • On Wednesday, May 29th, J Daniel Plants purchased 25,311 shares of Calix stock. The stock was purchased at an average cost of $6.21 per share, for a total transaction of $157,181.31.

Shares of Calix stock traded down $0.05 during trading on Tuesday, hitting $5.85. The stock had a trading volume of 149,800 shares, compared to its average volume of 363,507. The firm has a market cap of $328.21 million, a price-to-earnings ratio of -17.73 and a beta of 0.71. Calix Inc has a 12 month low of $5.60 and a 12 month high of $11.30. The business’s 50-day moving average is $6.34 and its 200 day moving average is $6.95. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 0.10.

Calix (NYSE:CALX) last released its quarterly earnings results on Tuesday, July 23rd. The communications equipment provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The firm had revenue of $100.30 million for the quarter, compared to analysts’ expectations of $99.95 million. Calix had a negative net margin of 4.66% and a negative return on equity of 8.70%. As a group, equities analysts expect that Calix Inc will post -0.13 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. US Bancorp DE grew its position in Calix by 1,033.8% in the second quarter. US Bancorp DE now owns 4,093 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 3,732 shares in the last quarter. Bank of Montreal Can purchased a new position in Calix in the second quarter worth $25,000. Quantamental Technologies LLC purchased a new position in Calix in the first quarter worth $31,000. Strs Ohio grew its position in Calix by 7.4% in the second quarter. Strs Ohio now owns 86,700 shares of the communications equipment provider’s stock worth $568,000 after acquiring an additional 6,000 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Calix by 966.3% in the first quarter. BNP Paribas Arbitrage SA now owns 9,309 shares of the communications equipment provider’s stock worth $72,000 after acquiring an additional 8,436 shares in the last quarter. Institutional investors own 65.52% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Calix from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Northland Securities reaffirmed a “buy” rating and issued a $8.50 price target on shares of Calix in a report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Calix has an average rating of “Buy” and an average target price of $8.38.

About Calix

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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