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Jefferies & Company Reiterates Buy Rating, $7 PT on Calix

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In a report published Friday, Jefferies & Company reiterated its Buy rating and $7.00 price target on Calix (NYSE: 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.

Latest Ratings for CALX

DateFirmActionFromTo
Nov 2016Craig-HallumUpgradesHoldBuy
Feb 2016Cowen & Co.DowngradesOutperformMarket Perform
Jan 2016Stifel NicolausUpgradesHoldBuy

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Posted-In: Jefferies & CompanyAnalyst Color Reiteration Analyst Ratings

 

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