Why Calix Stock Plummeted by 5% on Tuesday

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 ...