Calix Shares Rise on Strong 2Q Outlook, Better-Than Expected 1Q Results

Dow Jones
2025/04/22
 

By Connor Hart

 

Shares of Calix climbed after the company forecast second-quarter results ahead of expectations, citing the strength of customer deployments in the recent quarter and improved visibility.

The stock rose 16%, to $38.50, after hours Monday. Through the close, shares have gained 14% in the past year.

The broadband-software company guided for adjusted per-share earnings of 18 cents to 24 cents for its three months ending June 28. It also forecast sales of $221 million to $227 million.

Analysts surveyed by FactSet were looking for second-quarter adjusted earnings of 16 cents a share and revenue of $211.2 million.

The outlook came as Calix logged adjusted earnings that beat analyst expectations and sequential growth in sales in the first quarter, buoyed by customers pulling forward demand as they expedited builds and upgrades.

The company notched a net loss of $4.8 million, or 7 cents a share, for its three months ended March 29, compared with a profit of $103,000, or about breakeven on a per-share basis, in last year's comparable quarter.

Adjusted per-share earnings of 19 cents a share topped the 13 cents that analysts polled by FactSet expected.

Revenue fell 2.7%, to $220.2 million, but came in ahead of the $207.1 million that analysts modeled.

The San Jose, Calif., company also said it boosted its existing stock-repurchase program by an additional $100 million.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

April 21, 2025 17:58 ET (21:58 GMT)

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