Calix, Inc. (CALX) Misses Q1 EPS by 1c, Approves $40M Buyback
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April 28, 2015 4:03 PM EDT
PETALUMA, CA -- (Marketwired) -- 04/28/15 -- Calix, Inc. (NYSE: CALX) today announced unaudited financial results for the first quarter ended March 28, 2015. Revenue for the first quarter of 2015 was $91.0 million, an increase of 6.1% compared to $85.8 million for the first quarter of 2014.
"Our first quarter results reflected strong operating performance as we continued to execute on our Unified Access vision and strengthened our leadership position in the broadband access market," said Carl Russo, Calix president and CEO. "Our new fiber-enabled GigaCenters continued to gain traction with orders from more than 200 domestic and international service... More
April 28, 2015 4:02 PM EDT
PETALUMA, CA -- (Marketwired) -- 04/28/15 -- Calix, Inc. (NYSE: CALX) today announced that its board of directors has approved a program to repurchase up to $40 million of its common stock from time to time.
The buyback authorization would equate to approximately 4.8 million shares in the aggregate, or approximately 9% of our common stock issued and outstanding as of February 25, 2015, assuming that Calix repurchases the entire authorized amount at a price per share of $8.42, the closing trading price per share of its common stock on April 27, 2015.
"Calix's management team is confident of the... More
