• Cowen analyst Paul Silverstein says Calix Inc's (NYSE: CALX) "solid beat and raises" in Q4 would have been meaningfully better if not for supply chain issues.

  • Calix reported fourth-quarter FY21 revenue of $176.4 million above the consensus of $173.9 million. Adjusted EPS of $0.26 beat the consensus of $0.24.

  • Calix sees Q1 FY22 revenue of $174 million – $180 million above the consensus of $164.2 million. Calix sees adjusted EPS of $0.16 – $0.21, above the consensus of $0.15.

  • The issue reinforces his view that the company's future earnings power and cash flow generation continues to exceed investor expectations.

  • He continues to see an "outstanding" long-term outlook with the ongoing ramp of software platforms driving "strong" margin uplift and revenue growth.

  • Silverstein views Calix as his best mid-cap idea with an Outperform rating.

  • Calix's cloud and software platforms enable service providers of all types and sizes to innovate and transform.

  • Price Action: CALX shares traded higher by 3.78% at $42.58 on the last check Thursday.

Latest Ratings for CALX

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Jul 2021

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