Thursday, January 9, 2014

Calix Issues Q4 Revenue Warning

Calix now expects revenue for Q4 2013 to be in the range of $93.5 to $94.5 million and non-GAAP earnings per share of 2 to 4 cents per share, down from previous guidance of revenue between $97 and $103 million and non-GAAP earnings in the range of 3 to 8 cents per share.

Calix said it saw a greater than anticipated decline in traditional year-end "budget flush" customer spending patterns than the company historically has experienced.

Final results are expected after the market closes on February 11.