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Calix (CALX) Gets a Buy Rating from Cowen & Co.

Cowen & Co. analyst Paul Silverstein maintained a Buy rating on Calix (CALXResearch Report) on October 26 and set a price target of $58.00. The company’s shares closed last Tuesday at $73.67, close to its 52-week high of $76.60.

According to TipRanks.com, Silverstein is a 5-star analyst with an average return of 28.8% and a 63.5% success rate. Silverstein covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Ribbon Communications, and Arista Networks.

Currently, the analyst consensus on Calix is a Moderate Buy with an average price target of $68.86, a -11.4% downside from current levels. In a report issued on November 17, Westpark Capital also maintained a Buy rating on the stock with a $90.00 price target.

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The company has a one-year high of $76.60 and a one-year low of $28.58. Currently, Calix has an average volume of 672.9K.

Based on the recent corporate insider activity of 27 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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