Calix, Inc. announced that its board of directors increased its existing stock repurchase program authorization by an additional $100 million. The company said the added authorization is intended to give it greater flexibility to continue its disciplined capital allocation approach. Repurchases under the program may be made from time to time through open market purchases, privately negotiated transactions or otherwise, in accordance with Securities and Exchange Commission rules and other applicable legal requirements. Calix said the specific timing, price and size of any purchases will depend on prevailing stock prices, general economic and market conditions and other considerations consistent with its capital allocation strategy. The program does not obligate Calix to buy any dollar amount or number of shares and may be suspended or discontinued at any time.
Calix IncCalix's board increased its stock repurchase authorization by $100 million, a capital allocation event.
WT Microelectronics Co Ltd