- Calix, Inc 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
