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UPDATE: Jefferies Raises PT on Calix on Lower Q4 Numbers

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In a report published Wednesday, Jefferies reiterated its Buy rating on Calix (NYSE: CALX), and raised its price target from $7.75 to $10.50.

Jefferies noted, “Calix's Q4 numbers were slightly above expectations. We continue to like the risk/reward on the stock given a number of important catalysts: 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 Tuesday at $8.51.

Latest Ratings for CALX

May 2015Morgan StanleyInitiates Coverage onEqual-weight
Apr 2015JefferiesMaintainsBuy
Feb 2015UBSDowngradesBuyNeutral

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