Seeking Alpha

Crushed this year due to weak U.S. service provider capex, Calix (CALX +15.9%) has taken off...

Crushed this year due to weak U.S. service provider capex, Calix (CALX +15.9%) has taken off after beating lowered estimates and guiding on its earnings call for Q4 revenue (excludes the Ericsson deal) of $87M and EPS of $0.05, nearly even with a consensus of $87M and $0.06. Calix and Acme Packet's results are lifting telecom equipment peers, many of whom sold off earlier this week: ADTN +1.9%. CIEN +3.8%. JNPR +2.5%. SONS +3.9%.
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