Calix (CALX) Q4 Earnings Beat Estimates, Revenues Up Y/Y

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 ...