Calix ( (CALX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Calix Inc. experienced unusual stock price movement despite reporting a Q4 revenue of $206.1 million, exceeding expectations and demonstrating robust performance in its appliance-based platform, cloud, and managed services model. The company’s forecast for Q1 revenue between $204 million and $210 million, along with a focus on phasing out legacy products and improving gross margins, suggests positive future prospects. These developments might lead analysts to reconsider their price targets.
More about Calix
YTD Price Performance: 9.91%
Average Trading Volume: 715,697
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.47B
For further insights into CALX stock on TipRanks’ Stock Analysis page.
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