CALX - Why Is Broadband Service Provider Calix Stock Tumbling Premarket Tuesday? | Benzinga
Calix Inc (NYSE:CALX) shares are tumbling premarket today after the company reported fourth-quarter 2023 results and provided weak guidance.
Revenue of $264.7 million marginally exceeded the consensus of $264.4 million.
Adjusted gross margin rose 250 basis points Y/Y to 54.1%, led by higher platform and increased cloud and managed services revenue.
The company added 17 new BSPs in the quarter, bringing the ...