Calix price target lowered to $73 from $74 at Roth MKM

Roth MKM lowered the firm’s price target on Calix to $73 from $74 but keeps a Buy rating on the shares after its Q1 results and states that the firm would recommend for investors to use the weakness as an entry point on the stock. The stock likely fell on macro sector sentiment as the company outperformed expectations, while its guidance likely remains conservative, the analyst tells investors in a research note. Calix RPOs, or remaining performance obligations, also rose to $206.3M, up 4% seqentially and 49% yrom last year, Roth added.