Calix Reports No Surprises In Its Solid Q2 Results and Invests More in R&D; Maintain $9 FVE
Calix posted healthy top line growth, largely in line with our expectations, due to a solid demand from carriers. Management’s guidance for the next quarter is slightly below our internal projections, but we note a gradual improvement in cost controls, with non-GAAP EPS reaching $0.02, excluding Occam Networks litigation charges. Calix’s investments in future growth will come at the expense of near-term gross margin pressure, but we take comfort in the fact that successful penetration of Tier 1 ...Calix is a provider of cloud and software platforms, systems and software for fiber- and copper-based network architectures. The company is also a provider of software defined access and cloud products focused on access networks and the subscriber. The company's portfolio allows for a range of subscriber services to be provisioned and delivered over a single unified network. The company's access systems can deliver voice and data services, broadband services, mobile broadband, as well as high-definition video and online gaming. The company's premises systems enable communications service providers to manage the smart home and business and provide new services to their device enabled subscribers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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