Calix Inc (NYSE:CALX) traded at a new 52-week high today of $43.44. This new high was reached on approximately average trading volume as 762,000 shares traded hands, while the average 30-day volume is approximately 950,000 shares.
In the past 52 weeks, shares of Calix Inc have traded between a low of $5.61 and a high of $43.44 and is now at $42.26, which is 653% above that low price.
Calix provides broadband communications access systems and software. Its portfolio of products allows communication service providers to deliver a wide variety of services to residential and business customers. The company’s solutions are deployed to more than 1,200 customers domestically and internationally, including the majority of Tier 3 U.S. carriers. The firm’s revenue comprise of revenue from the sale of access and premises systems, software platform licenses and cloud-based software subscriptions. The services revenue includes revenue from professional services, customer support, software- and cloud-based maintenance, extended warranty subscriptions, training, and managed services.
Based on a current price of $42.26, Calix Inc is currently 6.5% above its average consensus analyst price target of $39.52.
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