CIT - Calix shares rocket up almost 9% on new S&P revamping

Calix (NYSE:CALX) got an end-of-the-year boost on Wednesday when the cloud-based software company's shares surged almost 9% in pre-market trading. The impetus for Calix's (CALX) gains was the company being added to the S&P MidCap 400, effective Jan. 4. Calix (CALX) will replace financial services company CIT Group (NYSE:CIT). Calix (CALX) specializes in cloud-based software platforms used by communication service providers. In October, the company reported better-than-expected third-quarter results.

For further details see:

Calix shares rocket up almost 9% on new S&P revamping