Calix sinks 17% after presentation at Needham conference

Shares of Calix (CALX) are moving lower following the company’s presentation this morning at the Needham Growth Conference. Calix CFO Cory Sindelar discussed the "difficult" supply chain lasting for most of 2023. The stock is down 17% to $57.81 in afternoon trading while broadband peer Clearfield (CLFD) is down 11% to $84.12.