Calix (NYSE:CALX – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.030-0.090 for the period, compared to the consensus EPS estimate of 0.240. The company issued revenue guidance of $197.0 million-$203.0 million, compared to the consensus revenue estimate of $232.8 million. Calix also updated its Q2 guidance to $0.03-0.09 EPS.
Calix Stock Performance
Shares of CALX stock traded down $0.29 on Wednesday, hitting $27.74. 123,066 shares of the stock traded hands, compared to its average volume of 996,262. The firm’s 50-day moving average price is $33.16 and its two-hundred day moving average price is $37.51. The stock has a market capitalization of $1.81 billion, a PE ratio of 90.32 and a beta of 1.65. Calix has a twelve month low of $26.76 and a twelve month high of $53.90.
Calix (NYSE:CALX – Get Free Report) last posted its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $264.73 million for the quarter, compared to analysts’ expectations of $264.41 million. Calix had a net margin of 2.19% and a return on equity of 6.65%. Calix’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 earnings per share. On average, equities research analysts anticipate that Calix will post 0.45 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Research Report on Calix
Calix Company Profile
Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.
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