Calix Analysts Increase Their Forecasts After Upbeat Q3 Results
Strong earnings and analyst upgrades typically signal investor confidence. Historical trends show that earnings beats often lead to sustained stock price increases.
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Strong earnings and analyst upgrades typically signal investor confidence. Historical trends show that earnings beats often lead to sustained stock price increases.
What happened, with direct paths to the underlying reporting
Calix reported Q3 earnings of 44 cents, beating estimates of 24 cents. Sales of $265.437 million surpassed expectations of $246.100 million. Q4 guidance anticipates EPS of $0.35-$0.41, above the $0.20 estimate. Analysts raised price targets: Needham to $82, Rosenblatt to $85. Calix shares rose 9.3% post-announcement, closing at $68.04.
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