Shares of Calix, Inc. CALX rose sharply in today's pre-market trading as the company reported better-than-expected first-quarter financial results and issued strong second-quarter guidance .
After market close on Monday, cloud and managed services company Calix announced that its board increased its buyback authorization by an additional $100 million, bringing the total repurchase authorization up to $162.9 million.
Calix reported first-quarter revenue of $220.24 million, beating analyst estimates of $206.98 million. The company reported first-quarter adjusted earnings of 19 cents per share, beating estimates of 13 cents per share, according to Benzinga Pro.
Calix shares jumped 13.1% to $37.61 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
Gelteq Limited GELS rose 329% to $3.97 in pre-market trading. Standard Lithium Ltd. SLI surged 44.2% to $2.02 in pre-market trading. Smackover Lithium’s South West Arkansas Project has received a special designation as a priority transparency critical mineral project from the Trump Administration. SUNation Energy Inc. SUNE gained 36.2% to $3.80 in pre-market after dipping 30% on Monday. Mullen Automotive, Inc. MULN surged 25.3% to $1.09 in pre-market trading after dipping over 22% on Monday. MicroCloud Hologram Inc. HOLO gained 25% to $15.25 in pre-market trading after falling around 20% on Monday. IT Tech Packaging, Inc. ITP jumped 22.4% to $0.2880 in pre-market trading after dipping 11% on Monday. Meiwu Technology Company Limited WNW rose 21.8% to $1.51 in pre-market trading r after the company announced it regained Nasdaq compliance. Solaris Resources Inc. SLSR rose 17.4% to $3.98 in pre-market trading. Adaptive Biotechnologies Corporation ADPT gained 17% to $7.99 in pre-market trading. Adaptive Biotechnologies will report financial results for the first quarter after market close on Thursday, May 1.Losers
MKDWELL Tech Inc. MKDW fell 43.5% to $0.22 in pre-market trading after jumping over 70% on Monday. TNL Mediagene TNMG fell 36.7% to $0.1857 in pre-market trading after declining 5% on Monday. SHF Holdings, Inc. SHFS shares fell 22.2% to $3.26 in pre-market trading after jumping around 96% on Monday. Outset Medical, Inc. OM shares tumbled 16.8% to $8.30 in pre-market trading. Outset Medical will release financial results for the first quarter after the close of trading on Wednesday, May 7. National Energy Services Reunited Corp. NESR shares fell 16.4% to $5.00 in pre-market trading. INmune Bio, Inc. INMB fell 16.1% to $6.11 in pre-market trading. Gulf Resources, Inc. GURE shares dipped 11.7% to $0.6890 in pre-market trading after dipping over 17% on Monday. USA Rare Earth, Inc. USAR declined 9.3% to $10.65 in pre-market trading. USA Rare Earth will release financial results for the first quarter, after the closing bell on Wednesday, May 14. Tyra Biosciences, Inc. TYRA fell 7.3% to $8.40 in today's pre-market trading. SITE Centers Corp. SITC dipped 5.7% to $11.01 in pre-market trading.Now Read This:
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ADPT Adaptive Biotechnologies Corp $8.00 17.1%Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
Reveal Full ScoreEdge Rankings
Momentum 98.55 Growth - Quality - Value 39.63Price Trend
Short Medium Long Overview CALX Calix Inc $37.62 13.1% GELS Gelteq Ltd $4.17 363.3% GURE Gulf Resources Inc $0.6600 -15.4% HOLO MicroCloud Hologram Inc $15.70 28.7% INMB INmune Bio Inc $6.11 -16.1% ITP IT Tech Packaging Inc $0.2900 23.4% MKDW MKDWell Tech Inc $0.2348 -39.7% MULN Mullen Automotive Inc $1.11 27.6% NESR National Energy Services Reunited Corp $5.00 -16.8% OM Outset Medical Inc $8.30 -16.8% SHFS SHF Holdings Inc $3.20 -23.6% SITC SITE Centers Corp $11.68 -% SLI Standard Lithium Corp $1.97 40.7% SLSR Solaris Resources Inc $3.98 17.4% SUNE SUNation Energy Inc $3.53 26.5% TNMG TNL Mediagene $0.2511 -14.4% TYRA Tyra Biosciences Inc $7.60 -16.1% USAR USA Rare Earth Inc $10.63 -9.45% WNW Meiwu Technology Co Ltd $1.53 23.4% Got Questions? Ask How might Calix's buyback impact its stock? Which cloud service companies could benefit from Calix's growth? Will investors react positively to Calix's strong guidance? Which lithium stocks could gain from Standard Lithium's project? Could solar energy stocks see growth post-SUNation's rise? What opportunities exist in automotive stocks after Mullen's surge? How does Calix's performance affect technology sector investments? Which renewable energy companies are poised for gains? What does Calix's success mean for small-cap stocks ? Could managed services firms see increased interest post-Calix's results? Powered By Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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