Calix (NYSE:CALX – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.030-0.090 for the period, compared to the consensus earnings per share 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 Calix stock opened at $29.54 on Tuesday. The company has a market cap of $1.93 billion, a P/E ratio of 65.65 and a beta of 1.65. Calix has a one year low of $28.95 and a one year high of $53.90. The firm has a fifty day moving average of $33.27 and a two-hundred day moving average of $37.62.
Calix (NYSE:CALX – Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Calix had a net margin of 3.06% and a return on equity of 7.92%. The company had revenue of $264.73 million during the quarter, compared to the consensus estimate of $264.41 million. During the same quarter in the prior year, the firm earned $0.18 EPS. Calix’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities analysts predict that Calix will post 0.45 earnings per share for the current year.
Analyst Ratings Changes
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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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