Calix Networks Stock Price, News & Analysis

Calix, Inc. (NYSE: CALX) announced the resignation of board members Kevin DeNuccio and J. Daniel Plants, effective May 12, 2022. DeNuccio has been on the board since 2012, while Plants joined in 2018. Both members have significantly contributed to the company's transformation into a software and services provider. Their departures will reduce the board size from ten to nine members, with a search underway for replacements. The move reflects Calix's ongoing evolution and adaptation in the tech landscape.

Calix Support Cloud has been awarded TMC’s CUSTOMER Product of the Year for 2022, recognized for enhancing customer support for broadband service providers (BSPs). This innovative platform reduces truck rolls by 50%, lowers customer call times by 80%, and improves first call resolution rates by 83%. With over $1 billion invested, Support Cloud offers predictive analytics for effective troubleshooting. Companies like Dobson Fiber and Silver Star Communications report significant operational cost savings and increased subscriber satisfaction due to the platform's capabilities.

Calix (NYSE: CALX) announced a significant milestone, completing over one million broadband performance speed tests in a single month through its Broadband Performance Testing Solution. This comprehensive service enables broadband service providers to meet FCC requirements efficiently. With federal funding for broadband projects expected to reach $50.1 billion in 2022, over 50% of recipients utilize Calix's services to ensure compliance. The solution includes the award-winning Calix Support Cloud and GigaSpire systems, streamlining testing and enhancing customer experience.

Calix has announced a partnership with Blue Ridge Communications for a multi-year deployment of fiber-to-the-home (FTTH) technology, enhancing broadband access to over 250,000 homes. The deployment utilizes Calix's Intelligent Access EDGE and DOCSIS Provisioning Connector (DPx). This upgrade is expected to cut operational expenses by up to 50% and reduce energy consumption by 90% compared to existing services. The new network will deliver speeds 10 times faster than current offerings, improving customer experience significantly.

Calix, Inc. (NYSE: CALX) reports a 90% surge in the adoption of its cybersecurity service, ProtectIQ, among broadband service providers amid a worldwide rise in cyberattacks, which spiked by 105% in 2021. This service enhances managed Wi-Fi packages, enabling providers to secure subscribers' homes and boost revenue. Success stories include Canadian Fiber Optics, which saw a 278% increase in app adoption, and Mount Horeb Telephone Company, reporting a 288% rise in ProtectIQ subscriptions. Growth in the connected device market highlights the importance of ProtectIQ in safeguarding users.

Calix and Arlo are expanding their partnership to enhance their security offerings. This includes introducing emergency response services, unlimited plans, and an entry into the Canadian market. The upgraded Arlo Secure solution will provide comprehensive, monitored home and business security, making it easier for broadband service providers (BSPs) to offer innovative services. The move aims to level the playing field against larger competitors, allowing smaller BSPs to enhance subscriber satisfaction and grow revenue through integrated services and marketing support.

Calix, Inc. (NYSE: CALX) announces enhancements to its Subscriber Management Module (SMm) within the Intelligent Access EDGE, improving broadband service provider efficiency. Key upgrades include simplified subscriber authentication, zero-touch provisioning, and IPv4 address optimization. These innovations allow for faster service provision and reduced operational systems, enhancing overall subscriber experience and network visibility. The changes support full automation and streamline subscriber management, aligning with Calix's mission to simplify and excite its customers.

Calix introduces the GigaSpire® BLAST, the first integrated testing feature to verify internet speeds over 1 Gbps. This enhancement allows subscribers to conduct speed tests via the CommandIQ® mobile app and supports future speeds up to 10 Gbps. More than 225 broadband service providers (BSPs) will utilize this feature, designed to improve subscriber satisfaction and brand loyalty. The updates also facilitate revenue growth by allowing BSPs to offer premium services and enhance customer experience through real-time data integration.