Calix Sees Q1 Adj. EPS $0.17-$0.23 vs $0.38 Est., Revenue $225M-$231M vs $267.57M Est.
Portfolio Pulse from Benzinga Newsdesk
Calix, Inc. has provided guidance for Q1 adjusted EPS to be between $0.17 and $0.23, which is below the estimated $0.38. Additionally, the company expects revenue to be in the range of $225M to $231M, which falls short of the estimated $267.57M.
January 29, 2024 | 9:19 pm
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Calix, Inc. has issued Q1 guidance with both adjusted EPS and revenue below analysts' expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
When a company announces earnings or revenue guidance that is below analyst estimates, it often results in negative investor sentiment and a decrease in stock price as the market adjusts to the new information. Calix's lower guidance for both EPS and revenue suggests that the company may not perform as well as expected, which could lead to a short-term decline in its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100