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Calix (CALX) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Thu Apr 23, 12:58AM CDT

In a report released yesterday, Michael Genovese from Rosenblatt Securities reiterated a Buy rating on Calix, with a price target of $70.00. The company’s shares closed yesterday at $49.58.

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Genovese covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Credo Technology Group Holding Ltd, and Calix. According to TipRanks, Genovese has an average return of 47.8% and a 59.08% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Calix with a $74.00 average price target.

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Based on Calix’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $272.45 million and a net profit of $7.21 million. In comparison, last year the company earned a revenue of $206.12 million and had a GAAP net loss of $17.92 million

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