In This Article:
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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.
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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.
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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.
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The issue reinforces his view that the company's future earnings power and cash flow generation continues to exceed investor expectations.
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He continues to see an "outstanding" long-term outlook with the ongoing ramp of software platforms driving "strong" margin uplift and revenue growth.
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Silverstein views Calix as his best mid-cap idea with an Outperform rating.
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Calix's cloud and software platforms enable service providers of all types and sizes to innovate and transform.
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Price Action: CALX shares traded higher by 3.78% at $42.58 on the last check Thursday.
Latest Ratings for CALX
| Oct 2021 | Needham | Maintains | Buy | |
| Jul 2021 | Needham | Maintains | Buy | |
| Jul 2021 | Barrington Research | Initiates Coverage On | Outperform |
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