Needham analyst Richard Valera reiterated a Buy rating on Calix (NYSE:CALX) Inc on Thursday, setting a price target of $38, which is approximately 10.47% above the present share price of $34.4.
Valera expects Calix Inc to post earnings per share (EPS) of $0.34 for the first quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Calix, with an average price target of $34.
The analysts price targets range from a high of $38 to a low of $30.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $150.51 million and a net profit of $21.75 million. The company's market cap is $2.12 billion.
According to TipRanks.com, Needham analyst Richard Valera is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.2% and a 69.48% success rate.
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.