ThinkEquity Analysts Begin Coverage on Calix Networks (CALX)
Thursday, June 30, 2021 9:09 AM

Equities research analysts at ThinkEquity initiated coverage on shares of Calix Networks (NASDAQ: CALX) in a research note to investors on Thursday. The analysts set a "buy" rating and a $25.00 price target on the stock.

Separately, analysts at Zacks Investment Research downgraded shares of Calix Networks from an "outperform" rating to a "neutral" rating in a research note to investors on Monday, June 6th.

Shares of Calix Networks opened at 21.73 on Friday. Calix Networks has a 52 week low of $9.57 and a 52 week high of $22.97. The stock's 50-day moving average is $20.94 and its 200-day moving average is $19.00. The company has a market cap of $983.8 million.

Calix, Inc.(Calix) is a provider of communications access systems and software that enable communications service providers (CSPs) to connect to their residential and business subscribers. The Company enables CSPs to provide a range of revenue-generating services, from basic voice and data to broadband services, over legacy and access networks. Calix focuses solely on CSP access networks, the portion of the network, which governs available bandwidth and determines the range and quality of services that can be offered to subscribers. The Company develops and sells carrier-class hardware and software products, which it refers to as its Unified Access Infrastructure portfolio. The Company’s Unified Access Infrastructure portfolio consists of its two core platforms, which are the C-Series multiservice, multiprotocol access platform and the E-Series Ethernet service access platforms (E-Series platforms).

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