{"id":466716,"date":"2010-03-24T13:00:30","date_gmt":"2010-03-24T17:00:30","guid":{"rendered":"http:\/\/gigaom.wordpress.com\/?p=108006"},"modified":"2010-03-24T13:00:30","modified_gmt":"2010-03-24T17:00:30","slug":"calix-broadband-gear-maker-goes-public","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/466716","title":{"rendered":"Calix, Broadband Gear Maker, Goes Public"},"content":{"rendered":"

\"\"<\/a>In what could be a red-letter day for not only broadband but for technology stocks, Calix Networks<\/a>, a Petaluma, Calif.-based broadband equipment maker, has gone public. Shares of the company, which makes equipment for fiber-based networks, especially for independent service providers like CenturyTel<\/a>, started trading on the NYSE under the ticker “CALX.”<\/p>\n

The company raised $82.3 million after selling 6.33 million shares at the top end of its price range, for $13 a share, in an offering underwritten by Goldman Sachs and Morgan Stanley. At last check, shares were changing hands for $16.42. I think the success of Calix’s IPO bodes well for other companies such as Force 10 Networks<\/a> and data center provider Telx<\/a>, both of which also hope to go public in 2010. Together they represent the powerful trend of Internet infrastructure upgrades that is currently underway, thanks to demand for broadband-enabled applications, the rise of cloud computing and the popularity of mobile Internet devices.<\/p>\n

Calix is an old-fashioned Silicon Valley company. It’s raised gobs of money<\/a> — more than $200 million from private equity and venture investors including Riverwood Capital, Sprout Group and Foundation Capital. Other investors in the company include TeleSoft Partners, Redpoint Ventures and Azure Capital Partners.<\/p>\n

Calix CEO Carl Russo, well known in Silicon Valley for two things — selling optical equipment startup Cerent to Cisco Systems for more than $8 billion and racing cars — last year told me that the company was on target to have sales of $250 million. According to its S-1, Calix clocked sales of $232 million and lost $22.44 million for 2009.<\/p>\n

Nevertheless, the company is looking at a bright future — as the National Broadband Plan gets implemented and broadband-related stimulus relief funds are spent by small and independent<\/a> telecoms, Calix could see a nice lift in its business.<\/p>\n

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In what could be a red-letter day for not only broadband but for technology stocks, Calix Networks, a Petaluma, Calif.-based broadband equipment maker, has gone public. Shares of the company, which makes equipment for fiber-based networks, especially for independent service providers like CenturyTel, started trading on the NYSE under the ticker “CALX.” The company raised […]<\/p>\n","protected":false},"author":674,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-466716","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/466716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/674"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=466716"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/466716\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=466716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=466716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=466716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}