Calix shares are trading lower after the company issued Q1 adjusted EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Calix, Inc. shares dropped following the company's announcement of Q1 adjusted EPS and revenue guidance that fell short of market expectations.
January 30, 2024 | 1:44 pm
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Calix, Inc. provided Q1 guidance below analyst estimates, which has led to a decline in its share price.
Guidance that falls below analyst expectations typically results in a negative short-term reaction in the stock market as it suggests potential future underperformance. Investors may adjust their expectations for Calix's future earnings, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100