By Josh Beckerman
Calix shares rose 13% after the broadband-software company reported fourth-quarter results.
The stock was recently at $41.58 Thursday and is up about 20% over the past 52 weeks.
In the quarter, "18 new broadband service providers started their subscriber experience journey with Calix, which expands our footprint for predictable, profitable growth for years to come," Calix said.
On Wednesday, Calix reported a 34% increase in remaining performance obligations. RPOs consist mainly of Calix Cloud, managed services, extended warranties and support/maintenance agreements and exclude platform licenses, month-to-month usage-based models and true-ups, the company said. These commitments generally have an initial term of three years.
The company posted adjusted earnings of 8 cents a share and revenue of $206.1 million. For the first quarter, it expects adjusted earnings of 10 cents to 16 cents a share and revenue between $204 million and $210 million.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 30, 2025 14:07 ET (19:07 GMT)
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