June 10, 2026
Analyst Bio:
Rosenblatt analyst Mike Genovese reiterates a Buy rating on Calix (CALX) with a $70 price target after hosting management for a chat. There is a growing level of customer activity due to Calix One that will help drive remaining performance obligations, the analyst tells investors in a research note. Further, the firm believes the SpaceX initial public offering is creating more rural customer engagement as service providers look to Calix’s focus on broadband experiences to fend off the threat of broadband from satellite players. Rosenblatt thinks Calix can continue growing revenues in the double-digits. It recommends buying the shares on the recent selloff, expecting the company’s RPO and margins to “quickly” snap back.
