Calix Inc (CALX) Director Sells $20,210.86 in Stock

Calix Inc (NYSE:CALX) Director Christopher J. Bowick sold 3,053 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $6.62, for a total value of $20,210.86. Following the completion of the sale, the director now owns 81,568 shares of the company’s stock, valued at approximately $539,980.16. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NYSE:CALX traded down $0.01 during trading on Friday, reaching $6.55. The company’s stock had a trading volume of 243,200 shares, compared to its average volume of 412,213. The company has a current ratio of 1.16, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23. Calix Inc has a 12 month low of $6.20 and a 12 month high of $11.30. The company has a market cap of $361.62 million, a price-to-earnings ratio of -19.85 and a beta of 0.52.

Calix (NYSE:CALX) last announced its quarterly earnings data on Wednesday, May 1st. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.06). The firm had revenue of $89.35 million during the quarter, compared to the consensus estimate of $102.95 million. Calix had a negative return on equity of 8.16% and a negative net margin of 4.02%. As a group, equities analysts forecast that Calix Inc will post -0.12 EPS for the current year.

CALX has been the subject of a number of analyst reports. ValuEngine downgraded shares of Calix from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Zacks Investment Research downgraded shares of Calix from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Calix currently has a consensus rating of “Hold” and an average price target of $7.38.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in Calix by 49.8% in the first quarter. Wellington Management Group LLP now owns 83,862 shares of the communications equipment provider’s stock worth $646,000 after purchasing an additional 27,889 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Calix by 5.8% during the first quarter. Geode Capital Management LLC now owns 1,039,808 shares of the communications equipment provider’s stock worth $8,006,000 after acquiring an additional 57,108 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Calix by 46.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 354,932 shares of the communications equipment provider’s stock worth $2,733,000 after acquiring an additional 112,200 shares during the period. Renaissance Technologies LLC increased its position in shares of Calix by 2.6% during the first quarter. Renaissance Technologies LLC now owns 2,982,818 shares of the communications equipment provider’s stock worth $22,968,000 after acquiring an additional 76,900 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Calix by 1,176.7% during the first quarter. AQR Capital Management LLC now owns 538,688 shares of the communications equipment provider’s stock worth $4,148,000 after acquiring an additional 496,493 shares during the period. 63.14% of the stock is owned by institutional investors and hedge funds.

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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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