Calix (CALX -10.4%) nosedives after the maker of broadband infrastructure gear forecasts Q3...

|By:, SA News Editor

Calix (CALX -10.4%) nosedives after the maker of broadband infrastructure gear forecasts Q3 revenue of $83M-$85M and EPS of $0.07-$0.09, well below prior guidance of $104M and $0.20. Calix blames a weak economy, fiber shortages, and delays in federal stimulus payouts related to broadband investments.