Craig-Hallum analyst Christian Schwab maintained a Buy rating on Calix (CALX – Research Report) today. The company’s shares closed yesterday at $42.58.
According to TipRanks, Schwab is a 5-star analyst with an average return of 13.2% and a 52.87% success rate. Schwab covers the Technology sector, focusing on stocks such as ACM Research, Formfactor, and Ultra Clean Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Calix with a $90.00 average price target.
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The company has a one-year high of $77.44 and a one-year low of $39.61. Currently, Calix has an average volume of 579.4K.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CALX in relation to earlier this year. Most recently, in July 2023, Collins John Matthew, the Chief Commercial Ops Officer of CALX sold 10,000.00 shares for a total of $471,200.00.
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Calix (CALX) Company Description:
Calix, Inc. provides cloud and software platforms, systems and services required to realize the unified access network. The firm offers broadband communications access systems and software for fiber and copper-based network architectures that enable communications service providers to transform their networks and connect to their residential and business subscribers. It enables communication service providers to provide a wide range of revenue-generating services from basic voice and data to advanced broadband services over legacy and next-generation access networks. The firm focuses on communications service providers access networks with the portion of the network, which governs available bandwidth and determines the range and quality of services that can be offered to subscribers. It also develops and sells carrier-class hardware and software products. The company was founded by Michael L. Hatfield and Carl E. Russo in August 1999 and is headquartered in San Jose, CA.
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