Needham raised the firm’s price target on Calix (CALX) to $70 from $60 and keeps a Buy rating on the shares after the company reported Q2 results and Q3 outlook well ahead of consensus. The firm likes the share setup in the second half of 2025, viewing its increased as beatable given Calix’s continued remaining performance obligation strength. The company is “uniquely” positioned to benefit from the rural fiber build with a software franchise that has hit critical mass, the analyst tells investors in a research note.
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