Calix revenue visibility getting better, says Rosenblatt

Rosenblatt reiterates a Buy rating on Calix (CALX) with a $70 price target following the “mixed but promising” Q1 report. The company’s revenue visibility is getting better as it raised its 2026 revenue growth guidance to 15%-20% from 10%-15% due to agentic AI, the expectation for tens of millions in Broadband Equity Access and Deployment program-related sales in the second half of the year, and memory price surcharges, the analyst tells investors in a research note. Rosenblatt anticipates today’s analyst day to be a positive catalyst and finds the stock attractive at current levels. The stock in premarket trading is down 9% to $45.21.