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CALX

Calix

$7.65

(0.00%)

08:29
08/29/18
08/29
08:29
08/29/18
08:29

Calix partners with HDC in Maldives for smart city

Calix announced it has partnered with Housing Development Corporation Limited, or HDC, in a multi-year deal in the Maldives to rapidly bring its vision of an all-fiber, state-of-the-art smart city on the island of Hulhumale to fruition. Hulhumale is a land reclamation and urban development project with an open access network at the heart of its transformation. The vision is to deliver a broadband experience and smart city applications. Powered by the AXOS E7-2 Intelligent Modular System, GigaFamily products, and Calix Services, this end-to-end solution will ultimately support a target population of 240,000. These residents require a complex set of deployment scenarios, including residential, business, and mixed-use multi-dwelling unit buildings, hospitality properties, and single-family homes. As the master developer of Hulhumale, HDC will rely on the extensive experience of both the Calix Professional Services team to deploy island-wide GPON infrastructure and the Calix Managed Services team to provide real-time remote monitoring and management services for the all-important connectivity component of this initiative.

CALX Calix
$7.65

(0.00%)

02/14/18
NORL
02/14/18
UPGRADE
NORL
Outperform
Calix upgraded to Outperform from Market Perform at Northland
02/14/18
COWN
02/14/18
NO CHANGE
Target $6
COWN
Market Perform
Calix story way ahead of numbers, says Cowen
Cowen analyst Paul Silverstein believes Calix's Q4 report marks the end to its change to a software-centric communications cloud and platform company. He believes the significant operating expenditures reduction will offset disappointing revenues and gross margins to drive earnings to his forecasts. Silverstein maintained his Market Perform rating and $6 price target on Calix shares.
02/14/18
02/14/18
UPGRADE
Target $9

Outperform
Calix upgraded to Outperform with $9 price target at Northland
As previously reported, Northland analyst Tim Savageaux upgraded Calix (CALX) to Outperform from Market Perform, stating that while its Q4 results missed expectations the company looks to have meaningfully addressed its operating expense and gross margin issues. While he expects slower growth as a ramp at Verizon (VZ) offsets weakness at CenturyLink (CTL), he estimates the company will turn from a loss to "solid profits" in FY18, Savageaux tells investors. He set a $9 price target on Calix shares.

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