Calix (NYSE:CALX – Get Free Report) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.03-0.09 for the period, compared to the consensus earnings per share estimate of $0.24. The company issued revenue guidance of $197-203 million, compared to the consensus revenue estimate of $232.76 million. Calix also updated its Q2 2024 guidance to 0.030-0.090 EPS.
Calix Stock Performance
NYSE CALX remained flat at $28.25 on Thursday. 1,309,777 shares of the company’s stock traded hands, compared to its average volume of 1,014,047. Calix has a 1 year low of $26.76 and a 1 year high of $53.90. The stock’s fifty day simple moving average is $32.90 and its 200-day simple moving average is $37.38. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 91.13 and a beta of 1.65.
Calix (NYSE:CALX – Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Calix had a net margin of 2.19% and a return on equity of 6.64%. The firm had revenue of $264.73 million during the quarter, compared to analysts’ expectations of $264.41 million. During the same period in the prior year, the company posted $0.18 EPS. The company’s revenue was up 8.3% on a year-over-year basis. As a group, research analysts expect that Calix will post 0.45 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Calix
About Calix
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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