CALX trade ideas
CALIX INCNYSE:CALX
Paper looks very good in the long .
Despite the fact that the level is formed in 2013 (!), it worked out perfectly last week.
After a strong growth and partial volume realization, there was no rollback down.
There is a new gaining position in a channel.
No pullback after the false breakout of 12.32.
I will wait for the exit upwards.
Jefferies upgrade from Hold to BuyCalix (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.