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UPDATE - UBS Upgraded Calix (CALX) to Buy; Shares Are Attractive

April 25, 2012 11:14 AM EDT
Get Alerts CALX Hot Sheet
Price: $39.16 -0.91%

Rating Summary:
    12 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 16 | New: 37
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UPDATE - UBS upgraded Calix (NYSE: CALX) from Neutral to Buy. PT maintained at $12.

Analyst, Nikos Theodosopoulos, said, "We upgrade Calix ahead of 1Q results next week. We see current levels as an attractive entry point for three reasons: 1) Tier2/Tier3 spending is robust, 2) Broadband Stimulus continues to ramp, and 3) Compelling valuation given ultimate earnings power of ~$1.00."

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