Calix (CALX) stock jumps as buyback talk returns and traders eye Feb. 24 investor day
Calix shares rose 6.5% to $47.59 Monday after the company projected sequential revenue growth but warned of near-term margin pressure from its cloud platform migration. CEO Michael Weening reported Q4 revenue of $272.4 million and record non-GAAP gross margin of 58%. Investors await further guidance at Calix’s Feb. 24 investor day.
