Calix Networks Stock Price, News & Analysis

Calix, Inc. (NYSE: CALX) announced significant energy savings achieved by AcenTek, its broadband service provider partner. AcenTek reduced network power consumption by 73% and home Wi-Fi energy usage by 50% through the deployment of Calix's Intelligent Access EDGE and Revenue EDGE platforms. By transitioning from copper to fiber-to-the-home, AcenTek streamlined operations, eliminating outdated systems and enhancing efficiency. This collaboration highlights Calix's commitment to sustainability and innovation in rural broadband services.

Calix announced that its ProtectIQ home network cybersecurity platform, part of the Revenue EDGE Suites, won the 2022 Global InfoSec Award for top security solutions. ProtectIQ enables broadband service providers (BSPs) to block digital threats effectively, with a reported 210% subscriber increase in 2022. As cybersecurity concerns rise, ProtectIQ is helping BSPs enhance customer retention and differentiate services. Notable examples include ALLO, which improved customer lifetime value by 53%, and MEC, which grew revenue by 13%. ProtectIQ's integration reinforces the value of BSPs in securing home networks.

Calix has enabled Ontario & Trumansburg Telephone Companies (OTTC) to achieve 25% annual revenue growth through its Revenue EDGE platform. This growth is driven by advanced security services like ProtectIQ and the upcoming launch of Arlo Secure cameras, tailored for seasonal subscribers. OTTC's proactive strategy increases customer engagement by leveraging custom apps and analytics to meet unique subscriber needs. In May alone, ProtectIQ blocked over 5,000 threats, reflecting a significant uptick in cybersecurity service uptake.

Calix Operations Cloud has been awarded 2022 Cloud Computing Product of the Year by Cloud Computing magazine, recognized for its innovative capabilities in reducing operational expenses (OPEX) for broadband service providers (BSPs). This platform offers machine learning insights, predictive intelligence, and workflow automation across subscriber networks. Since its launch in August 2021, Operations Cloud has processed over two million alarms monthly, enabling operators to streamline processes, minimize human error, and enhance subscriber satisfaction.

Calix (NYSE: CALX) announced that ALLO Communications has successfully implemented its Revenue EDGE platform, enhancing home network cybersecurity for all its subscribers. This initiative has led to a remarkable 53% increase in average subscriber tenure and customer lifetime value. ALLO effectively blocked over 19,000 digital threats last month, reinforcing its commitment to community safety amid rising cybercrime. The company's use of the ALLOIQ app has driven a 41% increase in subscribers engaging with its services, showcasing the importance of cybersecurity in today’s digital landscape.

Calix has opened a new research and development center in Bengaluru, India, focusing on its industry-leading platforms. This 21,000-square-foot facility aims to enhance R&D, Commercial Operations, and Marketing, supporting the company's growth strategy. A key objective is to expand the development teams for the award-winning Calix Cloud platform, which provides broadband service providers with real-time data and analytics. By the end of 2022, Calix plans to double the initial workforce at the center, emphasizing its commitment to innovation and talent acquisition.

Calix, Inc. (NYSE: CALX) announced Midwest Energy & Communications (MEC) is fully deploying the Calix Revenue EDGE platform, enhancing home network security with ProtectIQ and parental controls via ExperienceIQ for all subscribers in Michigan, Indiana, and Ohio. MEC aims to protect its 20,000 subscribers and has blocked 16,400 digital threats monthly. This initiative has led to a 13% revenue increase since early 2022. MEC plans to introduce Arlo Secure connected cameras, further improving home security and subscriber retention.

Calix, Inc. (NYSE: CALX) announced participation in multiple upcoming conferences in June. Key events include the Cowen 50th Annual Technology, Media, and Telecom Conference on June 1 in New York, followed by the Jefferies Software Conference on June 2 in San Francisco. The Baird 2022 Global Consumer, Technology and Services Conference will take place on June 8, also in New York. Lastly, the Rosenblatt Securities 2nd Annual Technology Summit will be a virtual conference on June 9. All events will feature presentations from Chairman and CEO Carl Russo and CFO Cory Sindelar.