Needham raised the firm’s price target on Calix (CALX) to $82 from $70 and keeps a Buy rating on the shares. The company delivered very strong Q3 results, beating consensus and guiding Q4 well above consensus, the analyst tells investors in a research note. Strong execution of its software-driven strategy has led to FY25 outperformance with revenue greater than 20% y/y growth and gross margin expansion greater than 200bps, the firm added.
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