Calix, Inc. has further enhanced its stock buyback program by an additional $125 million, as announced by the company today. This is in addition to the existing stock buyback program. Is a further reflection of Calix’s focus on capital allocation and maximizing shareholder value. The authorization increase was approved by the board of directors to further increase the flexibility of the stock buyback program. This authorization increase will be added to the $109.3 million. That was remaining under the prior program as of the end of the fourth quarter of 2025. Under this program, Calix is authorized to repurchase its common stock from time to time. The company can repurchase its common stock through open market purchases, privately negotiated transactions, or other legal means.
Flexibility and Strategic Alignment
However, Calix’s expanded buyback program does not require the company to repurchase a certain number of shares. In addition, the board of directors may suspend or terminate the program at any time. Based on the company’s business needs. Calix provides broadband platforms, cloud, and managed services to service providers in the industry. The company’s technology solutions help simplify operations and improve customer engagement for internet and telecom service providers. In addition, the additional authorization of shares is in line with the company’s strategic objectives.
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Source: Businesswire
