Investors didn't like the guidance the company proffered in its latest earnings report.Broadband communications specialist Calix (CALX -5.18%) likely felt that investors were hanging up on its stock Tuesday. The company published its first-quarter results, and while there were numerous developments to like, investors weren't cheered by what management saw in their crystal ball. As a result, the stock's price fell by more than 5% on a day when the S&P 500 index was well in positive territory with a 1.2% incr ...

Once again, we want to thank everyone on this call and webcast for your interest in Calix, and for joining us. And this concludes our conference call. Have a great day. Operator Thank you. This concludes today's conference call. You may disconnect your lines at this time. Thank you for your participation. Michael Weening Well, so as we -- you know, when you go back during the pandemic, our lead times were as high as 18 months. During that situation, we had deep insight into what a BSP was doing through beca ...

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Calix (CALX) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5%. A quarter ago, it was expected that this cloud, software platforms, systems and services provider for communications service providers would post earnings of $0.37 per share when it actually produced earnings of $0.43, d ...

Fellow Calix stockholders: Over several years, we have developed a highly predictable platform, cloud and manages services operating model that is growing at a strong clip. This is demonstrated most acutely by the success our customers are having with their subscribers through higher Net Promoter Scores and a growing subscriber base. Our new BSP customer additions continued with 10 new BSPs partnering with Calix in the first quarter of 2024. Unlike in times past when many new customers were startups, our ne ...

The tech sector has been on an upward trend ever since AI came into the spotlight. Some companies, like Microsoft (NASDAQ:MSFT) and Nvidia (NASDAQ:NVDA), saw massive growth in industry coverage and valuations and have shown no signs of slowing. However, a high-performing sector does not equate to all stocks performing well. Some stocks get battered during the sector’s upward journey — this drop allows us to look at discounted tech stocks to buy. For courageous investors willing to take the chance, looking f ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Calix, Inc. (NYSE: CALX) announced an exclusive partnership with industry-leading funding solution provider Ready.net, Inc. The partnership enables Calix to leverage Ready.net’s powerful tools as part of its existing Funding Consult Program and connect over 1,600 Calix customers with a streamlined portal to apply for and win grant funds, secure capital, and adhere to public funding requirements. At the same time, Calix will be the exclusive broadband platform and ma ...

Financial Position - As of December 31, 2023, the company had cash, cash equivalents, and marketable securities totaling $220.3 million, primarily held in cash and highly liquid securities[154]. - The company believes its existing cash and marketable securities will be sufficient to meet anticipated cash needs for at least the next twelve months[14]. Stock Repurchase Program - The company maintains a stock repurchase program with $113.6 million available as of December 31, 2023, and authorized a $100 million increase to this program in November 2023[14][162]. Operating Expenses - Operating expenses for 2023 were primarily denominated in USD (90%), with RMB (6%), INR (3%), and GBP (1%) making up the remainder[16]. - A 10% appreciation or depreciation of USD relative to RMB, GBP, and INR would have resulted in an approximate $4.9 million change in operating expenses, representing about 1%[160]. Foreign Exchange Risk - The company is exposed to foreign currency exchange risk primarily through its operations in China, India, and the United Kingdom[16]. - The company reported a net translation gain of $0.1 million due to foreign exchange rate fluctuations for the year ended December 31, 2023[160]. - During the year ended December 31, 2023, the net loss related to foreign exchange assets and liabilities was approximately $0.2 million[161]. - The company’s sales contracts are primarily denominated in USD, minimizing direct foreign currency risk[16]. Market Value - The aggregate market value of the company's common stock held by non-affiliates was approximately $2,926 million as of June 30, 2023[23].

SAN JOSE, Calif.--(BUSINESS WIRE)--Calix, Inc. (NYSE: CALX) today announced enhancements to the Calix Broadband Platform that further enable broadband service providers (BSPs) to simplify their operations and run incredibly efficient broadband businesses. The Calix Platform (Calix Cloud®, Intelligent Access™, and Unlimited Subscriber™) enables BSPs to enhance and strengthen their operations, lower expenses, and run greener networks to sustain their business long into the future. With the latest updates to t ...

SAN JOSE, Calif. & LONDON--(BUSINESS WIRE)--Today, Calix, Inc. (NYSE: CALX) released significant updates to Calix SmartBiz™ that further accelerate growth for its customers and the small businesses they serve. These updates deliver multiple benefits for broadband service providers (BSPs), including the ability to onboard small business subscribers faster, expanded support capabilities, and deeper cloud insights to accelerate market penetration. SmartBiz is a purpose-built small business solution that ope ...