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Calix Inc (CALX)
NYSE:CALX
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last Year’s EPS
$0.43Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: -12.16%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted positive financial results, including revenue growth, record gross margins, and strong RPO growth, indicating a positive trajectory and strategic positioning in the market. However, the call also acknowledged challenges related to moderate buying patterns and the timing of the BEAD program. Overall, the positive aspects outweigh the challenges.Company Guidance
During the Calix Q3 2024 earnings call, the company provided guidance indicating a revenue outlook for the fourth quarter between $201 million and $207 million, suggesting a 1.5% sequential growth at the midpoint. The third quarter saw a revenue of $201 million, marking a 1.4% sequential increase, and a record non-GAAP gross margin of 55.4%. Remaining performance obligations (RPOs) increased to $296 million, up 11% sequentially and 35% year-over-year. Calix's strong balance sheet included $288 million in cash and investments, with inventory turns at 3.2x. The company also added 13 new customers in Q3, reflecting momentum in its platform, cloud, and managed services. Looking ahead, Calix expects RPOs to grow as customers expand their use of its offerings, with initial BEAD-related bookings anticipated in Q1 2025 and shipments later that year.Revenue Growth
Calix delivered revenue of $201 million, representing a 1.4% sequential growth, within the guidance range provided in July.
Record Non-GAAP Gross Margin
Achieved a record non-GAAP gross margin of 55.4% in the third quarter.
RPO Growth
Remaining performance obligations (RPOs) grew to $296 million, an increase of $29 million or 11% sequentially and an increase of $76 million or 35% year-over-year.
New Customer Acquisition
Added 13 new customers in the third quarter, with expansions including 5 new cloud deployments and 23 new managed service deployments.
Strong Balance Sheet
Cash and investments reached a record of $288 million, with a significant portion from free cash flow.
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CALX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CALX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $39.47 | $37.74 | -4.38% |
| Jul 22, 2024 | $37.39 | $35.04 | -6.29% |
| Apr 22, 2024 | $29.56 | $28.03 | -5.18% |
| Jan 29, 2024 | $44.35 | $32.95 | -25.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Calix Inc (CALX) report earnings?
Calix Inc (CALX) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Calix Inc (CALX) earnings time?
Calix Inc (CALX) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CALX EPS forecast?
CALX EPS forecast for the fiscal quarter 2024 (Q4) is $0.07.
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