Here is why Calix Inc. (CALX) stock is surging in the pre-market on Wednesday?

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Calix Inc. (CALX) shares have gained 8.10% in the premarket session on Wednesday as of this writing and are trading at $73.95 per share. Yesterday in the after-hours session, Calix Inc shares soared 8.10% and closed Tuesday’s trading at $73.95. However, in the regular trading session of Tuesday, CALX’s stock lost 2.27%. CALX shares have risen 118.56% over the last 12 months, and they have moved up 12.42% in the past week. Over the past three months, the stock has gained 44.45%, while over the past six months, it has surged 42.58%.

Let’s have a brief discussion about its recent developments.


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CALX joining S&P MidCap 400

On December 28, 2021, S&P Dow Jones Indices announced that Calix Inc. (CALX) will replace CIT Group Inc. (NYSE: CIT) in the S&P MidCap 400 effective before the opening of trading on Tuesday, January 4, 2021.

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CALX incredible Year of Growth

On December 21, 2021, Calix, Inc. (CALX) received four workplace awards from Comparably for 2021. The leading culture and compensation monitoring site recognized Calix, which has a longstanding work-from-anywhere culture, as one of the top large companies (more than 500 team members) in its prestigious Best Places to Work Awards.

Calix also grabbed end-of-year awards for Best Company Culture, Best CEO, Best Company for Women, and Best Company for Diversity. The company was also the recipient of the silver award in the Best Place to Work Medium Company category in the 11th annual Best in Biz Awards earlier this month.

CALX technology was chosen by Grayshott

On December 09, 2021, the UK-based Grayshott Gigabit Limited (Grayshott) is bridging the digital divide and raising home values in Eastern Hampshire and Surrey Hills with Calix, Inc. (CALX)’s Intelligent Access EDGE, powered by the Network Innovation Platform (AXOS®).

CALX new enhancements

On November 18, 2021, Calix, Inc. (CALX) launched new end-to-end enhancements for Calix Operations Cloud and the Intelligent Access EDGE solution, which is powered by the Network Innovation Platform (AXOS). These enhancements include new alarm aggregation and analysis capabilities, PON redundancy capabilities, optics that extend geographic coverage over 300%, and new ONTs.

This powerful combination ensures wider availability of 10G services which are critical for businesses and rapid deployment of simplified end-to-end 10G service.

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Conclusion

Calix stock continued its positive momentum from Tuesday’s after-market session because it is going to join S&P MidCap 400. We can expect it to continue to surge in the coming trading sessions as well.

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