With a 5-year EPS growth forecasted at 37.61%, Calix, Inc. (NYSE:CALX) is among the 12 Best Cybersecurity Stocks to Buy and Hold for the Long Term.
On June 25, Calix, Inc. (NYSE:CALX) announced that Velocity Network is investing in Calix Agent Workforce Cloud on the AI-native Calix One platform to accelerate revenue growth while reducing operational expenses
Building on its success in serving residential and business customers through differentiated subscriber experiences, Velocity Network is also deploying SmartMDU to further expand its market reach and support continued growth. On June 10, Rosenblatt analyst Mike Genovese reiterated a Buy rating on Calix, Inc. (NYSE:CALX) with a $70 price target following discussions with management. The firm believes growing customer adoption of the Calix One platform will continue to drive remaining performance obligations and support future revenue growth.
Rosenblatt also noted that increasing interest in broadband services, partly driven by the anticipated SpaceX initial public offering and competitive dynamics in rural connectivity, is creating additional opportunities for Calix. The firm expects the company to maintain double-digit revenue growth and believes its remaining performance obligations and margins are likely to recover quickly following the recent share price weakness. Founded in 1999 and headquartered in San Jose, California, Calix, Inc. (NYSE:CALX) provides cloud and AI-driven software platforms to broadband service providers.