Calix Inc (NYSE:CALX) Receives Downgrade

by Tom Carlson | Monday, Mar 10, 2014 | 1061 views

Boston, MA, 03/10/2014 – Calix Inc (NYSE:CALX) has received a downgrade from hold to sell, by most analysts. The reasons for the company losing analyst confidence is the poor price levels at which it currently stands, despite the passage of a year. The weak earnings growth too has contribute to the overall weakness in performance. The stock has also reported that the sale of stock is one of the least in the industry, is definitely cause for concern. Again, the current earnings are insufficient, causing the current earnings to fall flat. Thus, a ‘buy’ rating is not sufficient to include the current earnings

Calix Inc (NYSE:CALX) is a $440.98 million market cap company which trades at the US trade markets between daily trading prices of $8.54 and $8.91. This stock opened on the stock market, at previous trading session, at a price of $8.74. The company has also reported a 52 week high of $13.98 and a low of $7.12. The outstanding share the company holds is 50.22 million and Beta is 1.62. The EPS is negative at 0.35. The volume of shares traded on an average are 713,044.00, to 694,034.

Calix Inc (NYSE:CALX) on the equity growth front, lags industry benchmarks as well as the S&P 500. The net income growth for the same quarter over the previous year has been high, with the increase in the region of 1.8%, when compared to the previous quarter for the year. The average has fallen from $6.57 million to $6.45 million.

Calix Inc (NYSE:CALX) which is engaged in providing broadband communications as well as access systems for various software – fiber as well as copper-based networks. The company has also been engaged in providing and enabling communication service providers, who connect business as well as residential subscribers in the continent of North America. The shares of Calix Inc (NYSE:CALX) are reportedly down by 22.4% on a year to date rating.

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