Jefferies Reiterates a 'Buy' on Calix (CALX); Chinese Water Torture Continues...Can't Sell it Now
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Price: $40.12 -0.64%
Rating Summary:
12 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
12 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies reiterates a 'Buy' on Calix (NYSE: CALX) price target cut $2 to $11.00.
Jefferies analyst says, "Calix posted Q3 revenue and EPS results that were in-line with pre-announced guidance. While the company will continue to face headwinds in the shortt-o-medium term, long term catalysts include: 1) Broadband Stimulus; 2) new markets; 3) new products; and 4) potential entrance into new accounts such as Qwest."
"We are pairing our revenue estimates back from $350 million and $470 million to $342 million and $442 million for 2011 and 2012, respectively...On the bottom line, our 2012 EPS figure is reduced from $1.20 to $0.90, respectively ($0.55 including stock compensation expense)."
For more ratings news on Calix click here and for the rating history of Calix click here.
Shares of Calix closed at $8.40 yesterday.
Jefferies analyst says, "Calix posted Q3 revenue and EPS results that were in-line with pre-announced guidance. While the company will continue to face headwinds in the shortt-o-medium term, long term catalysts include: 1) Broadband Stimulus; 2) new markets; 3) new products; and 4) potential entrance into new accounts such as Qwest."
"We are pairing our revenue estimates back from $350 million and $470 million to $342 million and $442 million for 2011 and 2012, respectively...On the bottom line, our 2012 EPS figure is reduced from $1.20 to $0.90, respectively ($0.55 including stock compensation expense)."
For more ratings news on Calix click here and for the rating history of Calix click here.
Shares of Calix closed at $8.40 yesterday.
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