Calix Analysts Increase Their Forecasts After Upbeat Q3 Results

Core Insights - Calix, Inc. reported better-than-expected third-quarter financial results, with adjusted earnings of 44 cents per share, surpassing market estimates of 24 cents per share [1] - The company's quarterly sales reached $265.437 million, exceeding expectations of $246.100 million [1] - For the fourth quarter, Calix expects adjusted EPS of $0.35-$0.41, compared to estimates of $0.20, and projects sales of $267.000 million-$273.000 million against expectations of $250.980 million [2] Stock Performance - Following the earnings announcement, Calix shares rose by 9.3%, closing at $68.04 [2] Analyst Ratings - Consensus rating for Calix is "Buy" with a highest price target of $88.00 and a lowest price target of $30.00, leading to a consensus price target of $65.09 [3] - Needham analyst Ryan Koontz maintained a "Buy" rating and raised the price target from $70 to $82 [7] - Rosenblatt analyst Mike Genovese also maintained a "Buy" rating and increased the price target from $65 to $85 [7]