Calix Analysts Increase Their Forecasts After Upbeat Q3 Results
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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