Jefferies upgrade from Hold to Buy
Calix (NYSE:CALX) shares are up nearly 29% to $9.86 after this morning's Jefferies upgrade from Hold to Buy.
Analyst George Notter writes that the company's cloud business "will drive significant long term upside to Street revenue growth and EPS expectations."
The analyst says the coronavirus pandemic "really underscores the criticality of good broadband service for consumers," which is beneficial for Calix.
Jefferies raises the price target from $7 to $13, a 70% upside to yesterday's closing price.
Analyst George Notter writes that the company's cloud business "will drive significant long term upside to Street revenue growth and EPS expectations."
The analyst says the coronavirus pandemic "really underscores the criticality of good broadband service for consumers," which is beneficial for Calix.
Jefferies raises the price target from $7 to $13, a 70% upside to yesterday's closing price.
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