Calix Networks - CALX STOCK NEWS

Calix (NYSE: CALX) has announced a comprehensive range of BEAD-compliant broadband solutions designed to help broadband service providers (BSPs) secure a portion of the $42.45 billion in federal funding available for broadband expansion. Over the past five years, Calix's Funding Consult Program has facilitated over 500 consultations, securing $2 billion in federal funding for BSPs and conducting over 2 billion FCC performance tests. The new offerings aim to provide scalable, resilient, and secure network solutions with low operating expenses, leveraging the Intelligent Access™, Unlimited Subscriber, and Calix Cloud® platforms. By partnering with providers, Calix aims to transform BSPs from speed-focused entities into experience providers, supporting their growth and community value. Calix also collaborates with U.S.-based manufacturers to meet Build America, Buy America (BABA) requirements, ensuring compliance with federal guidelines.

Calix (NYSE: CALX) will release its second quarter 2024 results on July 22, 2024, after market close. The stockholder letter for the period ending June 29, 2024, will be available on the company's Investor Relations website. The company will also hold a conference call to discuss the results on July 23, 2024, at 5:30 a.m. Pacific Time / 8:30 a.m. Eastern Time. Investors can access the live webcast via the Calix Investor Relations website or by dialing the provided phone numbers with the conference ID#13747128. The webcast link will be active 15 minutes before the start of the call.

YK Communications has achieved a Net Promoter Score (NPS) of 92, partnering with Calix to revolutionize its support model. Utilizing the Calix Broadband Platform, Customer Success Services, and SmartLife managed services, YK Communications transformed its approach to customer support, increasing its NPS from 80 in 2022 to 92. Among subscribers who cited customer support as key, the NPS was 99, and even those requiring issue resolution gave a score of 97.

YK's strategies include a “2-2-2-2” program for personalized support and differentiated offerings like the “Family Guardian” package. Using Calix Service Cloud, the company equips its employees with real-time support insights to enhance customer experiences. These initiatives drove 90% of subscribers to use their branded app, further boosting satisfaction. YK Communications' successful transformation earned them the NTCA Smart Rural Community provider designation.

Calix has been acclaimed globally for enabling broadband providers to excel in their go-to-market strategies and achieve Net Promoter Scores (NPS) above 90. The company has recently received multiple Stevie® Awards from the 2024 American Business Awards® for various achievements, including “Marketing Disruptor of the Year,” “Marketing Campaign of the Year,” and “Best Cloud Platform.” Calix's Broadband Platform and unique go-to-market programs, such as Customer Success Services and Market Activation, have helped customers like Highline and Connexin significantly boost their average revenue per user (ARPU) and customer satisfaction. Over the last two years, Calix has also been recognized by TMC, Digiday, and the international Broadband Multimedia Marketing Association (BMMA) for their cloud capabilities and innovative marketing approaches. The company continues to invest in award-winning programs to help broadband service providers (BSPs) maximize their growth and business outcomes.

SCTelcom has significantly improved subscriber loyalty and revenue through its deployment of Calix's SmartLife managed services and Broadband Platform across rural Kansas and Oklahoma. In six months, SCTelcom achieved a Net Promoter Score (NPS) of 79 and a 3% increase in Average Revenue Per User (ARPU). The SmartLife services facilitate secure, reliable broadband connectivity for homes, schools, parks, local events, and small businesses. This initiative has also led to a 75% increase in outdoor wireless connectivity in Attica, Kansas. SCTelcom's SmartBiz service, launched in 2023, supports small business growth with secure broadband solutions. SCTelcom maintains a Customer Satisfaction (CSAT) score in the 90s and has seen NPS soar to 88 among users of its Wi-Fi systems and mobile app.

Celestial AI has appointed Kelyn Brannon as its new Chief Financial Officer (CFO), effective June 3, 2024. Brannon brings over 30 years of experience in corporate finance and investor relations, having previously served as CFO at notable companies including Calix, Arista Networks, and Astra Space. She has successfully led three IPOs on major stock exchanges. Celestial AI's CEO, David Lazovsky, praised Brannon's extensive experience and believes her expertise will be instrumental in guiding the company's financial strategy.

Prior to joining Celestial AI, Brannon served as CFO of Siprocal and Astra Space, where she played a key role in their financial growth and public offerings. Brannon expressed enthusiasm about joining Celestial AI and contributing to its innovative optical interconnect technology in the rapidly expanding AI industry.

Calix announced that multiple broadband service providers (BSPs) in the U.S. are using the Calix GigaSpire u4hm to deliver robust outdoor Wi-Fi coverage, enhancing residential connectivity and driving revenue growth. The compact, weather-resistant device extends Wi-Fi up to 1,000 feet, allowing users to stream, video conference, and secure their properties. Key BSPs like Adams Fiber, ALLO Communications, and Green Hills Communications have reported increased subscriber satisfaction and reduced deployment times. Promotional campaigns from Calix's Market Activation program assist in rapid market integration, boosting visibility and excitement among subscribers.

Calix has introduced the ASM5001, an innovative addition to its service aggregation portfolio, designed to meet the needs of broadband providers in densely populated areas. The ASM5001 integrates Layer 3 service delivery, subscriber management, and high-density optical line terminal (OLT) aggregation. This solution offers up to 4X more capacity and supports 100GE-to-400GE aggregation, enhancing operational efficiency and reducing costs for broadband service providers. Calix's ASM5001 aims to streamline network functions, lower total costs, and enable quick market expansion. This new product also ensures seamless integration with existing network infrastructure, simplifying service delivery and management.

Calix has introduced a groundbreaking on-demand optical network terminal (ONT) speed and latency testing for broadband service providers (BSPs). This feature, available on the Calix Broadband Platform, allows BSPs to diagnose and address subscriber issues efficiently without the need for service technician visits. The innovation extends existing testing capabilities, which include FCC Performance Testing and multi-gig speed testing up to 10 Gbps. By leveraging automated subscriber alarm reporting and high-value classification, BSPs can improve customer satisfaction (CSAT) and reduce trouble calls. The platform, recognized with several customer support awards, aims to help BSPs differentiate through superior customer support and subscriber experience.