Calix (CALX – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Ryan Koontz from Needham maintained a Buy rating on the stock and has a $53.00 price target.
Ryan Koontz has given his Buy rating due to a combination of factors including Calix’s strong financial performance in the first quarter of 2025, where both revenue and earnings per share exceeded market expectations. The company demonstrated impressive growth in its software-centric business model, with significant increases in remaining performance obligations and current remaining performance obligations.
Additionally, Calix’s large customer segment, particularly with Verizon, showed substantial year-over-year growth, contributing to the company’s success. Despite a decline in international sales due to previous strong shipments, the competitive environment in the U.S. remains favorable, and robust spending by broadband service providers is expected to enhance Calix’s market share. The company’s unique software business model is positioned to drive consistent earnings growth, leading to higher future earnings estimates.
Koontz covers the Technology sector, focusing on stocks such as Calix, Clearfield, and Fabrinet. According to TipRanks, Koontz has an average return of -7.7% and a 36.34% success rate on recommended stocks.