Benzinga | Jan 27, 2022 12:17PM EST

Why Are Calix Shares Trading Higher Today?

* 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.