Calix Increases Stock Repurchase Authorization by An Additional $100 Million
November 16 2023 - 3:05PM
Business Wire
Calix, Inc. (NYSE: CALX) today announced that its board of
directors increased the authorization to repurchase the Company’s
common stock by an additional $100 million under the existing stock
repurchase program.
Under the repurchase program, repurchases can be made from time
to time using a variety of methods, which may include open market
purchases, privately negotiated transactions or otherwise, all in
accordance with the rules of the Securities and Exchange Commission
and other applicable legal requirements. The specific timing, price
and size of the purchases will depend on prevailing stock prices,
general economic and market conditions, and other considerations
consistent with the Company’s capital allocation strategy. The
stock repurchase program does not obligate Calix to purchase any
dollar amount or number of shares of common stock and the program
may be suspended or discontinued at any time.
About Calix
Calix, Inc. (NYSE: CALX)—Broadband service providers of all
sizes leverage the Calix platform and teams to simplify their
business and excite their subscribers to grow the value of their
business and for their communities for generations. The
democratizing power of the platform and portfolio of managed
services enables them to operate efficiently, acquire subscribers,
and deliver exceptional experiences. Calix is dedicated to driving
continuous improvement in partnership with our growing ecosystem to
support the transformation of our customers and their
communities.
Forward-Looking Statements
This press release contains forward-looking statements that are
based upon management’s current expectations and are inherently
uncertain. Forward-looking statements relate to, but are not
limited to, Calix’s stock repurchase program. Forward-looking
statements are based upon information available to us as of the
date of this release, and we assume no obligation to revise or
update any such forward-looking statement to reflect any event or
circumstance after the date of this release, except as required by
law. Actual results and the timing of events could differ
materially from current expectations based on risks and
uncertainties affecting Calix’s business. The reader is cautioned
not to rely on the forward-looking statements contained in this
press release. Additional information on potential factors that
could affect Calix’s results and other risks and uncertainties are
detailed in its Quarterly Reports on Form 10-Q and Annual Report on
Form 10-K filed with the SEC and available at www.sec.gov.
Calix and the Calix logo are trademarks or registered trademarks
of Calix and/or its affiliates in the U.S. and other countries. A
listing of Calix’s trademarks can be found at
https://www.calix.com/pages/trademarks.html. Third-party trademarks
mentioned are the property of their respective owners.
Category: Financial
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version on businesswire.com: https://www.businesswire.com/news/home/20231116136035/en/
Press Inquiries: Zach Burger 669-369-1991
zach.burger@calix.com
Investor Inquiries: Jim Fanucchi
investorrelations@calix.com
Calix (NYSE:CALX)
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