Calix Inc (CALX) Releases Earnings Results, Beats Expectations By $0.02 EPS

Calix Inc (CALX) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $-0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.06. The company posted revenue of $107.40 million in the period, compared to analysts expectations of $106.20 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Calix Inc opened for trading at $7.65 and hit $7.82 on the upside on Friday, eventually ending the session at $7.72, with a gain of 0.92% or 0.07 points. The heightened volatility saw the trading volume jump to 94,980 shares. Company has a market cap of $370 M.

In a different news, on Jul 19, 2016, Carl Russo (CEO) purchased 4,500 shares at $7.55 per share price.

Calix Inc. is a provider of broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide revenue-generating services from basic voice and data to advanced broadband services over legacy and next-generation access networks. It focuses solely on CSP access networks the portion of the network that governs available bandwidth and determines the range and quality of services that can be offered to subscribers. The Company develops and sells carrier-class hardware and software products which it refers to as the Unified Access portfolio that is designed to enhance and transform CSP access networks to meet the demands of subscribers.

Calix Inc

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