Calix (CALX) Gets a Buy Rating from Northland Securities

By Ryan Adsit

Northland Securities analyst Tim Savageaux maintained a Buy rating on Calix (CALXResearch Report) today and set a price target of $9.00. The company’s shares closed last Monday at $7.65.

According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 7.8% and a 59.2% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings, Applied Optoelectronics, and Communications Systems.

Currently, the analyst consensus on Calix is a Moderate Buy with an average price target of $10.00.

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The company has a one-year high of $11.30 and a one-year low of $5.60. Currently, Calix has an average volume of 231.7K.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CALX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Calix, Inc. provides broadband communications access systems and software for fiber and copper-based network architectures that enable communications service providers to transform their networks and connect to their residential and business subscribers.