Calix (NYSE:CALX – Get Free Report) updated its second quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.030-0.090 for the period, compared to the consensus 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
Calix stock traded up $0.26 during trading hours on Monday, reaching $29.54. 1,434,790 shares of the company’s stock traded hands, compared to its average volume of 988,690. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 65.76 and a beta of 1.65. Calix has a fifty-two week low of $28.95 and a fifty-two week high of $53.90. The firm’s 50 day moving average is $33.38 and its 200-day moving average is $37.71.
Calix (NYSE:CALX – Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $264.73 million for the quarter, compared to analysts’ expectations of $264.41 million. Calix had a net margin of 3.06% and a return on equity of 7.92%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Analysts predict that Calix will post 0.45 EPS for the current year.
Wall Street Analyst Weigh In
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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