Jefferies Upgrade Calix Inc. [CALX]. What else is Wall St. saying?

Calix Inc. [NYSE: CALX] traded at a low on 08/31/20, posting a -11.27 loss after which it closed the day’ session at $19.45. The company report on August 27, 2020 that Cumberland Connect Chooses Calix to Complete End-to-End Network Integration 83 Percent Faster, Provides the Ultimate Experience for Members.

Tennessee cooperative selects end-to-end solution from Calix, invests in Intelligent Access EDGE to rapidly build its fiber network and Revenue EDGE to deliver the ultimate subscriber experience.

Calix, Inc. (NYSE: CALX) today announced that Cumberland Connect, a subsidiary of one of the largest electric cooperatives in the United States, has partnered with Calix to simultaneously deliver fiber broadband connections and the Revenue EDGE ultimate subscriber experience to its entire membership. Thanks to the simplicity of the Calix Intelligent Access EDGE, Cumberland Connect completed its end-to-end network integration in a few weeks, an 83 percent improvement over the industry standard. The company is currently turning up fiber-to-the-home (FTTH) broadband services to more than 130 members each week, with plans to quickly increase service turnup to 200 members per week across rural northern Tennessee. The ultimate goal is to reach all 80,000+ members over the next six years—an accelerated timeframe made possible by the AXOS® platform. As it builds this new network, Cumberland Connect is securing a lasting, competitive advantage by delivering the ultimate subscriber experience with the industry-best speed and performance of the Wi-Fi 6 certified GigaSpire® BLAST—part of the Calix Revenue EDGE solution.

The results of the trading session contributed to over 3311242 shares changing hands. Over the past one week, the price volatility of Calix Inc. stands at 7.90% while the volatility over the past one month is 5.01%.

The market cap for CALX stock reached $1.11 billion, with 57.26 million shares outstanding and 52.50 million shares in the current float. Compared to the average trading volume of 932.92K shares, CALX reached a trading volume of 3311242 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Calix Inc. [CALX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CALX shares is $24.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CALX stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Calix Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 24, 2020. The new note on the price target was released on February 14, 2018, representing the official price target for Calix Inc. stock. Previously, the target price had yet another drop from $9 to $7, while Northland Capital kept a Market Perform rating on CALX stock.

The Average True Range (ATR) for Calix Inc. is set at 1.19, with the Price to Sales ratio for CALX stock in the period of the last 12 months amounting to 2.44. The Price to Book ratio for the last quarter was 7.00, with the Price to Cash per share for the same quarter was set at 0.89. Price to Free Cash Flow for CALX in the course of the last twelve months was 317.65 with Quick ratio for the last quarter at 1.00.

How has CALX stock performed recently?

Calix Inc. [CALX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.90. With this latest performance, CALX shares dropped by -5.17% in over the last four-week period, additionally plugging by 117.08% over the last 6 months – not to mention a rise of 223.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CALX stock in for the last two-week period is set at 47.24, with the RSI for the last a single of trading hit 41.51, and the three-weeks RSI is set at 50.84 for Calix Inc. [CALX]. The present Moving Average for the last 50 days of trading for this stock 18.24, while it was recorded at 20.54 for the last single week of trading, and 11.54 for the last 200 days.

Calix Inc. [CALX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Calix Inc. [CALX] shares currently have an operating margin of -20.53 and a Gross Margin at +45.33. Calix Inc.’s Net Margin is presently recorded at -4.17.

Return on Total Capital for CALX is now -44.82, given the latest momentum, and Return on Invested Capital for the company is -11.05. Return on Equity for this stock declined to -11.57, with Return on Assets sitting at -5.58. When it comes to the capital structure of this company, Calix Inc. [CALX] has a Total Debt to Total Equity ratio set at 33.14. Additionally, CALX Total Debt to Total Capital is recorded at 24.89, with Total Debt to Total Assets ending up at 16.11. Long-Term Debt to Equity for the company is recorded at 9.31, with the Long-Term Debt to Total Capital now at 6.99.

Reflecting on the efficiency of the workforce at the company, Calix Inc. [CALX] managed to generate an average of -$23,190 per employee. Receivables Turnover for the company is 7.47 with a Total Asset Turnover recorded at a value of 1.34.Calix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.30.

Earnings analysis for Calix Inc. [CALX]

With the latest financial reports released by the company, Calix Inc. posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CALX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Calix Inc. go to 20.00%.

Insider trade positions for Calix Inc. [CALX]

There are presently around $821 million, or 69.90% of CALX stock, in the hands of institutional investors. The top three institutional holders of CALX stocks are: BLACKROCK INC. with ownership of 4,256,229, which is approximately 1.014% of the company’s market cap and around 3.00% of the total institutional ownership; VANGUARD GROUP INC, holding 2,921,799 shares of the stock with an approximate value of $56.83 million in CALX stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $55.53 million in CALX stock with ownership of nearly -4.964% of the company’s market capitalization.

Positions in Calix Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 81 institutional holders increased their position in Calix Inc. [NYSE:CALX] by around 8,518,122 shares. Additionally, 45 investors decreased positions by around 6,596,809 shares, while 14 investors held positions by with 27,121,177 shares. The mentioned changes placed institutional holdings at 42,236,108 shares, according to the latest SEC report filing. CALX stock had 39 new institutional investments in for a total of 5,397,224 shares, while 11 institutional investors sold positions of 643,795 shares during the same period.

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