Core Insights - Calix, Inc. has been upgraded to a "Buy" rating by Roth Capital with a new price target of $85, reflecting strong confidence in the company's future performance [1][6] - The company reported a 32% year-over-year increase in revenue, reaching over $265 million in the third quarter, significantly exceeding analyst expectations [2][6] - Calix's GAAP net profit improved to $15.7 million, a notable turnaround from a nearly $4 million loss in the same quarter last year [3][6] Financial Performance - Revenue for the third quarter was over $265 million, surpassing the forecast of slightly over $246 million [2] - The company achieved a non-GAAP net profit of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.34, resulting in an earnings surprise of 29.41% [3] - Calix's market capitalization is approximately $4.44 billion, with a trading volume of 2,623,212 shares [5] Stock Market Reaction - Following the earnings release, CALX's stock price surged by 20%, contrasting with a 0.9% decline in the S&P 500 index on the same day [4] - The current stock price of $68.04 reflects a 9.34% increase, with a trading range between $63.50 and $69.68, marking its highest price over the past year [4] Strategic Growth Initiatives - The company added 20 new clients, positioning itself well for future success [5] - Calix continues to outperform consensus EPS estimates, solidifying its status as a key player in the Zacks Internet - Software industry [5]