Calix Shares Up 12.7% on Strong Earnings (CALX)
Calix (NASDAQ:CALX)’s share price shot up 12.7% during mid-day trading on Wednesday following a stronger than expected earnings report, Stock Ratings News reports. The stock traded as high as $9.41 and last traded at $9.25, with a volume of 697,981 shares. The stock had previously closed at $8.21.
The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.09. The company had revenue of $98.00 million for the quarter, compared to the consensus estimate of $95.52 million. During the same quarter last year, the company posted $0.10 earnings per share. Calix’s revenue was up 3.8% compared to the same quarter last year.
The stock has a 50-day moving average of $8.04 and a 200-day moving average of $8.21. The company’s market cap is $477.4 million.
Calix, Inc (NASDAQ:CALX) is a provider in North America of broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to connect to their residential and business subscribers.
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