Why Calix Stock Soared on Wednesday

Shares of Calix (NYSE: CALX), a provider of cloud and software platform systems and services for connected smart networks, soared on Wednesday. The stock jumped as much as 31.5% but was up 25.3% as of 11:45 a.m. EDT.

The tech stock's gain came after the company reported third-quarter results well beyond analyst expectations.

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Source Fool.com