In a report published Friday, Jefferies & Company reiterated its Buy rating and $7.00 price target on Calix CALX.
Jefferies noted, “Calix's solid Q3 numbers were slightly ahead of expectations. With the stock now at $5.90, we're still inclined to stay long. Catalysts include: 1) International growth; 2) market share capture at Qwest/CenturyLink and Verizon/Frontier; 3) improving Tier 3 regulatory/spending environment; and 4) margin expansion.”
Calix closed on Thursday at $5.90.
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