While quarterly earnings beats are usually happy events, they don't always result in immediate share price gains. That was the situation with specialty tech stock Calix (CALX -25.70%) on Tuesday; despite an earnings report that was impressive at first glance, investors were troubled by what the future might bring. As a result, they traded out of the company's shares to the point where the stock lost nearly 26% of its value.Top and bottom-line beats for the fourth quarterAfter market hours Monday, Calix unve ...

Calix’s (CALX) fourth-quarter 2023 adjusted earnings of 43 cents per share beat the Zacks Consensus Estimate by 16.22%. The figure increased 26.5% year over year.Net sales increased 8.3% year over year to $264.7 million but missed the consensus mark by 0.02%.Calix’s fourth-quarter results benefited from a strong portfolio of cloud and managed services.The top line benefited from growth in the cloud and managed services for Broadband Service Providers (BSPs). Calix added 17 new BSPs in the quarter, bringing ...

Calix, Inc. (NYSE:CALX) Q4 2023 Earnings Conference Call January 30, 2024 8:30 AM ET Company Participants Jim Fanucchi - VR, IR Michael Weening - President and CEO Cory Sindelar - CFO Conference Call Participants George Notter - Jefferies Ryan Koontz - Needham & Company Joe Cardoso - JPMorgan Christian Schwab - Craig-Hallum Tim Savageaux - Northland Capital Markets Scott Searle - ROTH MKM Operator Greetings everyone, and welcome to the Calix Fourth Quarter 2023 Earnings Conference Call. At this time, all pa ...

Calix (CALX) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.22%. A quarter ago, it was expected that this cloud, software platforms, systems and services provider for communications service providers would post earnings of $0.36 per share when it actually produced earnings of $0.4 ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Calix, Inc. (NYSE: CALX) today announced that DirectLink, a member-based cooperative in northwestern Oregon, expects to double Calix SmartBiz™ business subscribers in the first quarter of 2024. As a managed service fully integrated into the Calix broadband platform, SmartBiz was simple for DirectLink to adopt and launch. Knowing their small business owners needed a network management solution that was purpose-built, easy to use, and flexible to serve any need, DirectLin ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Calix, Inc. (NYSE: CALX) today announced that telecommunications service provider CL Tel leveraged the Calix broadband platform to deploy Bark and support the fight against cyberbullying and other online dangers in their Iowa communities. CL Tel has delivered critical technology innovation to their northern Iowa communities for 125 years. Today, that commitment extends to providing safe and secure internet experiences, especially for local youth. Bark is a managed servi ...

Calix (CALX) is making significant strides in the broadband industry, driven by a growing clientele and an expanding global footprint.In the third quarter of 2023, Calix reported a record revenue of $263.8 million, marking its 10th consecutive quarter of sequential growth.The continuous growth underscores Calix’s ability to capture market share and adapt to the evolving needs of broadband service providers (BSPs).Calix's broadband platform is a key catalyst in enhancing its partner ecosystem, fostering succ ...

Calix, Inc. (NYSE:CALX) Q3 2023 Earnings Conference Call October 24, 2023 8:30 AM ET Company Participants Jim Fanucchi - VR, IR Michael Weening - President and CEO Cory Sindelar - CFO Conference Call Participants George Notter - Jefferies Ryan Koontz - Needham & Company Joseph Cardoso - JPMorgan Michael Genovese - Rosenblatt Securities Timothy Savageaux - Northland Capital Markets Greg Mesniaeff - WestPark Capital Scott Searle - ROTH MKM Operator Greetings everyone, and welcome to the Calix Third Quarter 20 ...

ITEM 1. Legal Proceedings We have identified the following additional risks and uncertainties that may af ect our business, financial condition and/or results of operations. The risks described below include any material changes to and supersede the description of the risk factors disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the Securities and Exchange Commission on February 21, 2023. Investors should carefully consider the risks describe ...

Jim Fanucchi - VR, IR Conference Call Participants Samik Chatterjee - JPMorgan Scott Searle - Roth It is now my pleasure to introduce your host, Jim Fanucchi, Vice President of Investor Relations. Sir, please go ahead. Before I turn the call over to Michael for his opening remarks, I want to remind everyone on this call, we will refer to forward-looking statements, including all statements the company will make about its future financial and operating performance, growth strategy, and market outlook and act ...