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Analysts at UBS AG lowered their price objective on shares of Calix (NASDAQ:CALX) from $12.50 to $11.00 in a research report issued to clients and investors on Wednesday, reports. UBS AG’s price target suggests a potential upside of 45.70% from the company’s current price.

Shares of Calix (NASDAQ:CALX) traded down 5.91% during mid-day trading on Wednesday, hitting $7.48. 2,156,015 shares of the company’s stock traded hands. Calix has a 52-week low of $7.12 and a 52-week high of $13.98. The stock has a 50-day moving average of $8.52 and a 200-day moving average of $10.86. The company’s market cap is $372.3 million.

Calix (NASDAQ:CALX) last announced its earnings results on Tuesday, February 11th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.04. The company had revenue of $94.00 million for the quarter, compared to the consensus estimate of $100.45 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Calix will post $0.39 EPS for the current fiscal year.

Calix, Inc (NASDAQ:CALX) is a provider in North America of broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to connect to their residential and business subscribers.

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