CALX - Calix crushes estimates guides Q4 above estimates shares +15%
Calix (CALX) reports Q3 results that easily beat top and bottom line estimates.Q3 highlights: Revenues rose 31.4% y/y to $150.5M.Revenue breakout: Systems, $142.29M (+34.15%); Services, $8.21M (-2.5%).Adjusted gross margins were 51.5% vs. a guidance range of 48.0% to 50.0%.Non-GAAP operating expenses totaled $50.9M, within guidance range.Cash, cash equivalents and marketable securities at the end of quarter were $103.8M.CALX sees Q4 revenue of $157M-161M (consensus: $134.6M), adj. gross margin of 49-51%, and Non-GAAP EPS of $0.30-0.34 (consensus: $0.21); The company is expecting positive free cash flow in Q4.Previously: Calix up 11% on earnings beat (Oct. 20)Read: Calix: More Steam Left (July 29)
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Calix crushes estimates, guides Q4 above estimates, shares +15%