Calix Networks Stock Price, News & Analysis

Calix (NYSE: CALX) has announced a significant leadership transition, elevating Carl Russo from CEO to Chairman of the Board, a role he will now hold alongside his CEO position. Don Listwin, the former Chairman, has been appointed as the lead independent director. This strategic move aims to align leadership as Calix continues its transformation into a software platform and services provider. Russo has been CEO since 2002, and Listwin has led the Board since 2007. The Board feels this change will enhance execution of the company’s vision and strategies.

Calix announced significant progress by SCTelcom in transforming its business with the Revenue EDGE solution. SCTelcom achieved a 200% increase in adoption of its premium managed Wi-Fi package over seven months and a 95% take rate for ProtectIQ, enhancing cybersecurity for customers. The rollout of integrated services led to a 20% increase in managed Wi-Fi adoption. SCTelcom improved operational efficiency, reducing support calls by 30% through real-time data insights. SCTelcom continues leveraging Calix's platforms to enhance customer experiences and generate new revenue streams.

Calix has earned two new Comparably awards, recognizing it as having the Best Leadership Teams and for its Best CEOs for Diversity. CEO Carl Russo received a high employee rating of 95/100, contributing to Calix's top 5% ranking in diversity among similar-sized U.S. firms. The company also achieved an A+ culture rating of 4.9/5 stars from employees and ranks 26th for Best Company Outlook among large firms. Calix has grown its workforce by nearly 20% in the past year, emphasizing a culture of collaboration and diversity.

Calix, Inc. (NYSE:CALX) announced it will release its second quarter 2021 stockholder letter on July 26, 2021, at 2:00 p.m. PT. The letter will contain financial results for the period ending July 3, 2021, and will be accessible via the Calix Investor Relations website. Following this, a conference call is scheduled for July 27, 2021, at 5:30 a.m. PT to discuss the results, accessible through webcast or teleconference.

Calix aims to enable service providers to innovate and transform using real-time data from its platforms.

Calix (NYSE: CALX) announced that Petit Jean Electric Cooperative will implement its full suite of solutions to establish a fiber-to-the-home (FTTH) network after securing significant funding from the Rural Development Opportunity Fund (RDOF). This initiative aims to provide high-speed internet to underserved members by 2027, utilizing Calix's Network Innovation Platform (AXOS) and related services. The deployment will cover 2,500 miles and is expected to enhance connectivity for 14,000 members, facilitating online learning and telemedicine.

Calix, Inc. (NYSE: CALX) announces a 66% increase in net-new subscribers for Mainland Telecom, following the rollout of premium managed Wi-Fi 6 services in Clare, Nova Scotia. The deployment, supported by Calix's GigaSpire systems and Revenue EDGE platform, enhances connectivity options for residents previously reliant on outdated technologies. Mainland Telecom's success demonstrates the growing demand for reliable broadband in rural areas amid rising real estate interest. As the company expands its fiber network, it plans to offer innovative applications that further enhance subscriber experience.

Calix, Inc. (NYSE: CALX) announced a significant partnership with DE Lightspeed, a subsidiary of Delta Electric in Mississippi, to provide managed Wi-Fi services in underserved areas. The initiative exceeded adoption expectations by 20% within eight months, delivering fast, reliable fiber internet. Mississippi ranks low in broadband access, prompting Delta Electric to enter the broadband market with funding from the CARES Act and RDOF. DE Lightspeed plans to expand its fiber infrastructure across 13 counties, offering innovative managed Wi-Fi services to enhance connectivity for local residents.

Calix, Inc. (NYSE: CALX) reports that United Communications achieved an impressive Net Promoter Score (NPS) of +72, significantly higher than the industry average of zero. This improvement comes just a year after adopting Calix's Revenue EDGE for its managed Wi-Fi services. The company also achieved a 77% adoption rate of its UControl mobile app, which includes premium features. These advancements have enabled United Communications to enhance operational efficiency and subscriber satisfaction, positioning it well for future growth amid increasing competition.

Calix, Inc. (NYSE: CALX) announced participation in the Barrington Research 2021 Virtual Spring Investment Conference on May 27, 2021. This event will feature virtual investor meetings, allowing Calix management to engage with investors and discuss the company's performance and strategies.

Calix specializes in cloud and software platforms that empower broadband service providers to innovate and enhance their services. The use of real-time data from these platforms aims to boost subscriber acquisition, loyalty, and revenue, further driving community value.