Why Calix Stock Was Rising Sharply Today

Core Insights - Calix reported a strong quarterly earnings performance, with shares rising 20% following the announcement, significantly outperforming the S&P 500 index which fell by 0.9% [1] Financial Performance - In Q3, Calix achieved a record revenue of over $265 million, marking a 32% year-over-year increase. The company also reported a profit of $15.7 million, a turnaround from a nearly $4 million loss in the same quarter last year. On a non-GAAP basis, the net profit per share was $0.44 [2][3] - The reported revenue and profit metrics exceeded analyst expectations, with consensus estimates for revenue at slightly over $246 million and adjusted profit per share at $0.34 [3] Future Guidance - For the current fourth quarter, Calix provided guidance for revenue between $267 million and $273 million, surpassing the consensus estimate of $251 million. The adjusted profit per share is expected to be between $0.35 and $0.41, compared to the analyst average of $0.32 [4]