Calix Networks (CALX)

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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs:   Globe Specialty Metals   •   LogMeIn   •   Invesco Mortgage Capital   •   Medidata   •   Chemspec

 

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Caleb Li

Calix Networks (CALX) (NYSE:CALX) provides broadband systems and software for copper- and fiber- based networks for communication service providers, which are service providers that transmit information electronically. Calix offers the communication service providers the architecture to receive revenue from voice and data services to broadband services for subscribers. In 2009, the company shipped over 6 million units to over 500 North American and international clients, whom have a network of over 32 million subscribers. ^[1]

This industry has been evolving as subscribers use more bandwidth-intensive applications, including VOIP and video-streaming. Furthermore, there has been a penetration of wireless internet and data services by companies likeSprint. Since Calix Networks have a limited operating history, it does not have the historical data to use to its advantage to evaluate business strategies. In addition, during economic downturns, the communication service providers limits its investments in new architecture. Thus, it limits Calix Networks' future revenues. ^[1]

The company's initial public offering of stock filed on the NYSE exchange on 23 November 2009. The proposed offer price range is $11.00-$13.00. The company is offering 6.3 million shares and raising $76 million. ^[1]

For the FY2009 with year ended 31 December 2009, the company reported $232.95 million in total revenue, down 7% from $250.46 million of total revenue in 2008. Furthermore, it reported a net loss of $22.44 million in 2009, a decrease from a net loss of $12.92 million in the previous year. ^[1]

References

1. ↑ ^{1.0 1.1 1.2 1.3} Calix Networks S-1/A