Calix post-earnings selloff a buying opportunity, says Roth Capital

Roth Capital says Calix’s (CALX) analyst day yesterday highlighted the “differentiation and capabilities” of its newly commercialized Calix One platform. The platform “opens the door to the previously untapped” $10B-plus North America multi-dwelling units opportunity, as well incremental international and tier 1 markets, the analyst tells investors in a research note. Roth recommends using the post-earnings selloff in the shares as a buying opportunity. The firm keeps a Buy rating on Calix with an $85 price target The stock closed Wednesday down 14% to $42.65.