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Calix Shares Pop Over 16% On Q3 Beat, Upbeat Q4 Guidance

Published 25/10/2022, 16:03
© Reuters. Calix Shares Pop Over 16% On Q3 Beat, Upbeat Q4 Guidance
CALX
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  • Calix, Inc (NYSE: CALX) reported third-quarter non-GAAP revenue growth of 37% year-on-year to $236.33 million, beating the consensus of $215.25 million.
  • Robust bookings combined with supply chain outperformance led to solid results in the quarter.
  • Due to supply chain challenges, the non-GAAP gross margin decreased by 150 basis points to 50.7%.
  • Adjusted EPS of $0.34 beat the consensus of $0.23.
  • Calix held $234.7 million in cash and equivalents and generated $3.3 million in non-GAAP free cash flow.
  • Calix sees Q4 revenue of $237 million - $243 million, above the consensus of $218 million, and non-GAAP EPS of $0.22 - $0.28 versus the consensus of $0.23.
  • Price Action: CALX shares traded higher by 16.37% at $70.22 on the last check Tuesday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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