Calix soars on strong Q2 forecast, Q1 results beat

Calix

19/04/2023 23:33

** Shares of cloud services provider Calix Inc  CALX.N  rise
10% to $62.25 in extended trading
    ** Co sees Q2 EPS between $0.28 and $0.34 and revenue of
$255 mln–$261 mln, beating analysts' estimates of $0.29 and
249.26 mln, respectively
    ** Says Q1 earnings boosted benefited from strong growth in
subscriber count as well as demand for their platform and
managed service offerings
    ** Reports qtrly revenue of $250.01 mln vs analysts
expectations of $245.59 mln - Refinitiv data
    ** Posts qtrly adj. EPS of 31 cents per share, beating
analysts expectations of 28 cents per share - Refinitiv data    
    ** All 9 analysts covering stock rate CALX "strong buy" or
"buy" – Refinitiv data
    ** Including session's gain, stock has fallen 29.17% YTD

 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))