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Brokerages have given Calix, Inc. (NYSE:CALX) a consensus rating of “Moderate Buy.”

Brokerages have given Calix, Inc. (NYSE:CALX) a consensus rating of “Moderate Buy.”

According to Bloomberg, the thirteen analysts currently covering calyx, Inc. (NYSE: CALX) have assigned the stock a rating of “Moderate Buy,” representing the consensus recommendation for the stock as a whole. Seven market analysts favor buying the stock, while only one endorses the idea of holding on to the stock in one’s portfolio. The average price target for the next 12 months, set by brokerages that have issued a report on the stock in the preceding year, is $81.22 per share. This price target is set by brokerages that have issued a report on the stock in the preceding year.
Reports on CALX have been compiled by various brokerage firms, each of which has produced its unique take on the company. Tuesday, September 13th, saw the publication of the research note that started Westpark Capital’s coverage of calyx shares. The consensus recommendation for the stock was a “buy.” StockNews.com released a research report on calyx shares on October 12th, the same day it started providing company coverage. They recommended that shareholders “hold” their shares of the company. Roth Capital published a research note on Monday, October 3rd, in which they announced the beginning of their coverage of calyx shares. They recommended purchasing shares of the company as a whole. On Wednesday, October 26th, Craig Hallum published a research report in which they increased their price objective on calyx stock from $69.00 to $95.00. The report was released on the same day. The study was made available online on the very same day. In a research report released on Monday, December 5th, Northland Securities increased its price target on calyx shares from $80.00 to $85.00. This was the company’s third and final price target increase.
The NYSE Calx opened for business at $69.45 on Monday, the first day of the week for trading. During the last year, the price of calyx fell to an all-time low of $31.59 and rose to an all-time high of $77.44. The company has a beta value of 1.63, a market capitalization of $4.54 billion, and a PE ratio of 97.82. The PE ratio of the company is particularly impressive. The moving average for the stock’s 50 days is currently sitting at $68.98, while the moving average for the stock’s 200 days is currently at $59.39.
On Monday, October 24th, calyx’s most recent quarterly earnings report (NYSE: CALX) was made public for investors to review. The company that manufactures communications technology reported earnings per share (EPS) of $0.18 for the quarter, which is an increase of $0.08 compared to the consensus earnings forecast of $0.10 among industry analysts. The company’s sales for the quarter came in at $236.33 million, which is significantly higher than industry analysts’ predictions, who had predicted sales of $215.25 million for the company. The return on equity for calyx was calculated to be 6.91%, and the net margin for the company was calculated to be 6.1%. Compared to the same period the previous year, the third quarter saw a revenue increase of 37.2% for the company. The company’s earnings per share came in at $0.25, comparable to the results achieved during the same quarter of the previous year. Equity research analysts anticipate that calyx will generate $0.44 in profit per share throughout this year.
Additionally, on November 3rd, the company’s Executive Vice President, John Matthew Collins, sold 5,000 shares of company stock. This is another piece of news. The number of sold shares came to a total value of $353,250.00, and the price received per share, which was the average selling price, was $70.65. After clicking on this link, you will be taken to the SEC filing, where the transaction was described in greater detail. Additionally, on November 3rd, the company’s Executive Vice President, John Matthew Collins, sold 5,000 shares of company stock. This is another piece of news. The number of sold shares came to a total value of $353,250.00, and the price received per share, which was the average selling price, was $70.65. You can read the transaction’s legal document submitted to the Securities and Exchange Commission by clicking on the link. In addition, on Monday, October 31st, Cory Sindelar, the company’s Chief Financial Officer, sold 3,000 shares of the company’s stock. The shares were sold for a total of $223,560.00, equivalent to a price per share of $74.52 on average when they were originally purchased. The completion of the transaction has resulted in the chief financial officer now directly owns 69,848 shares of company stock. The total value of these shares is $5,205,072.96. Disclosures that are related to the sale might be found in this section of the website. During the most recent quarter, company insiders parted with a total of $2,346,735 worth of shares of the company’s stock and sold 32,176 shares. The corporation’s current management and employees hold 16.64% of the total number of shares that are currently outstanding.
Recently, a number of hedge funds and other types of institutional investors have been buying and selling company shares. Other types of institutional investors have also been involved in this activity. During the third quarter of this fiscal year, Wipfli Financial Advisors LLC invested approximately $31,000 to acquire a new investment in the calyx. The number of calyx shares owned by Ellevest Inc. increased by 382.1 percent during the third quarter. Because it purchased an additional 428 shares during the relevant period, Ellevest Inc. now has 540 shares of the communications equipment provider’s stock. Each share is worth $3.00, and the company’s current holdings are $33,000. During the second quarter, Captrust Financial Advisors made a 31.7% increase in the amount of calyx stock it owned, bringing its total percentage to 100%. Captrust Financial Advisors now has 847 shares of the communications equipment provider’s stock, valued at a combined total of $29,000 after purchasing an additional 204 shares during the period in question. This brings the company’s total number of shares to 847. A staggering 865.3% increase in the proportion of calyx shares held by PNC Financial Services Group Inc. was accomplished during the first three months of 2018. PNC Financial Services Group Inc. now has 1,390 shares of the communications equipment provider’s stock after purchasing an additional 1,246 shares. Each share of this stock is worth $59,000, and the company has a total of 1,390 shares. During the period in question, these shares were purchased. And finally, during the third quarter, Harel Insurance Investments & Financial Services Ltd. increased 17.9% in the proportion of calyx’s ownership interest that was held by the company. Harel Insurance Investments & Financial Services Ltd. now has 1,681 shares of the communications equipment provider’s stock, valued at $101,000, after making an additional purchase of 255 shares during the time frame in question. This brings the total number of shares owned by the company to 1,681. Currently, 81.90% of the company’s shares are owned by hedge funds and other institutional investors.
Cloud computing and software platforms are available to customers in the Americas, Europe, the Middle East, and Africa, as well as in the Asia-Pacific region, courtesy of calyx, Inc. and its affiliated companies. In addition to the company’s other systems and services. Broadband service providers, also known as BSPs, are given the ability to offer a variety of services as a result of the cloud and software platforms made available by the organization, in addition to the other systems and services it provides.

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