Calix, Inc. Hits Day High with Strong 9.34% Intraday Surge

Calix, Inc., a small-cap player in the Telecom Equipment & Accessories industry, has experienced a significant uptick in its stock performance today, gaining 9.34%. The stock reached an intraday high of USD 69.69, showcasing its strong market activity. Over the past week, Calix has outperformed the S&P 500, with a weekly gain of 13.1% compared to the index's 2.85%.
In terms of longer-term performance, Calix has demonstrated impressive returns, with a year-to-date increase of 95.12%, significantly surpassing the S&P 500's 17.15%. Over the last year, the stock has generated a return of 87.7%, while the S&P 500 has returned 18.13%. However, it is important to note that the company has faced challenges, reporting negative net profits for the last six consecutive quarters and a decline in profits of 255.4% over the past year.

Despite these hurdles, Calix maintains a high level of institutional ownership at 100%, indicating strong confidence from institutional investors. The company's market capitalization stands at USD 3,990 million, reflecting its position within the small-cap segment of the market.