Calix shares rise on Q2 results beat, upbeat outlook
19/07/2023 23:02
** Shares of U.S.-based cloud services provider Calix
CALX.N up about 4% at $50.94 in after market trade
** Co sees Q3 profit per share between $0.32 – $0.38 vs
analysts' average estimate of $0.33/shr - Refinitiv IBES
** Expects Q3 rev between $260 mln and $265 mln vs estimates
of $259.6 mln
** Continue to see strong demand for platform and managed
services as broadband service providers continue to grow their
deployment rates - co
** Reports Q2 rev of $261 mln, above avg estimates of $257.1
mln
** CALX reports qtrly adj profit of $0.36/shr, above
estimates of $0.32/shr
** Adds strong demand for co's platform and managed services
offering led to sequential rev growth
** As of last close, CALX shares down 28.4% YTD
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com;))