Calix Inc. - CALX

Not really a "mixed" quarter at all

First off, there was nothing “mixed” about the CALX results last night: they were fairly awful.  Just because the company managed to hit the low-end of their revenue guidance (estimates were in the middle) while exceeding their “adjusted” earnings guidance by a penny, doesn’t mean their business is somehow sorta OK.  Remember that last quarter they cut their revenue guidance for this quarter from the $265M level down to what they just reported, or $226M.  A near $40M decrease in revenues is not “mixed.”