Calix (CALX, Financial) has garnered attention with a Buy rating from Roth Capital analyst Scott Searle, who also maintains a price target of $48 for the stock. The company's first-quarter results were described as solid, showcasing its resilience and capability to perform above market expectations.
The analyst highlights that Calix not only delivered strong performance in the first quarter but also set forth an optimistic growth forecast for the second quarter, surpassing consensus estimates. This positive outlook is attributed to a resurgence in broadband demand, which is expected to gain further momentum with the upcoming Broadband Equity, Access, and Deployment (BEAD) program spending. This program is anticipated to play a significant role in enhancing broadband infrastructure and accessibility.
Calix's strategic positioning and readiness to leverage these broadband opportunities underscore the analyst’s confidence in the company’s growth potential. Investors are being informed of Calix’s promising trajectory as it navigates the evolving landscape of broadband technology and infrastructure.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Calix Inc (CALX, Financial) is $50.20 with a high estimate of $55.00 and a low estimate of $45.00. The average target implies an upside of 50.98% from the current price of $33.25. More detailed estimate data can be found on the Calix Inc (CALX) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Calix Inc's (CALX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Calix Inc (CALX, Financial) in one year is $43.26, suggesting a upside of 30.11% from the current price of $33.25. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Calix Inc (CALX) Summary page.
