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Why Is Telecommunications Company Calix Stock Taking A Hit Today?

Calix Inc (NYSE:CALX) reported a first-quarter FY24 sales decline of 9.5% year-on-year to $226.31 million, missing the analyst consensus estimate of $228.139 million. Gross margin for the quarter expanded 300 basis points to 54.2% and the gross profit dropped 4.3% to $122.6 million. Total operating ...