Calix, Inc. (CALX) Misses Q1 EPS by 1c, Approves $40M Buyback

Calix, Inc. (NYSE: CALX) reported Q1 EPS of ($0.07), $0.01 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $91 million versus the consensus estimate of $91.6 million.

Calix, Inc. (NYSE: CALX) today announced that its board of directors has approved a program to repurchase up to $40 million of its common stock from time to time.

The buyback authorization would equate to approximately 4.8 million shares in the aggregate, or approximately 9% of our common stock issued and outstanding as of February 25, 2015, assuming that Calix repurchases the entire authorized amount at a price per share of $8.42, the closing trading price per share of its common stock on April 27, 2015.

For earnings history and earnings-related data on Calix, Inc. (CALX) click here.

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