Ryan Koontz, an analyst from Needham, reiterated the Buy rating on Calix. The associated price target remains the same with $82.00.
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Ryan Koontz has given his Buy rating due to a combination of factors, including the positive outlook following discussions with Calix’s CFO and Investor Relations at a recent conference. The company is expected to benefit from BEAD awards, which could enhance its baseline business. Additionally, investments in its AI platform are anticipated to strengthen its competitive position in the market.
Furthermore, Calix is making strides in its sales models, particularly in the MDU segment, and is poised to gain market share through both US customer consolidation and new international market investments. The recent decline in stock price has increased confidence in the potential for consistent performance and stock appreciation, driven by these strategic initiatives and market opportunities.