Garden Valley Technologies expands Calix platform investment with AI-native marketing agents

Garden Valley Technologies expands Calix platform investment By Investing.com

SAN JOSE, Calif. - Garden Valley Technologies has expanded its investment in Calix Inc.'s (NYSE:CALX) AI platform and Agent Workforce Cloud, according to a press release statement issued today. The Minnesota-based member-owned cooperative will use the platform's agentic workflows for campaign planning, audience segmentation, and subscriber targeting across residential and business markets.Calix shares have declined 27% year-to-date despite strong revenue growth of 28% over the last twelve months, bringing its market capitalization to $2.47 billion. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment. Garden Valley Technologies reported a nearly 8 percent increase in average revenue per user over the past year and 62 percent take rates across its managed home services offerings. The cooperative also reported an eightfold increase in adoption of its Connected Home package. The company increased its business services adoption fivefold among local small businesses in under two years and provides free public Wi-Fi across 13 locations. "We saw an opportunity to build on our momentum as we grew ARPU and take rates and achieved rapid success supporting local small businesses with secure connectivity optimized for their unique needs," said Heidi Haaven, chief marketing officer at Garden Valley Technologies. Garden Valley Technologies has partnered with Calix for more than 18 years. The cooperative has returned more than $23 million in capital credits to members over the past 15 years. Jonathan Lindsell, chief customer officer at Calix, said the cooperative has established a scalable approach by leveraging the Calix One platform. Calix provides AI platform services to more than 1,200 customers. The San Jose-based company reported it has invested more than $2 billion in its platform over 15 years.InvestingPro data shows Calix holds more cash than debt on its balance sheet, positioning the company for continued platform investment. Want deeper insights? InvestingPro offers 12 additional exclusive tips for CALX, plus comprehensive Pro Research Reports covering 1,400+ US stocks. In other recent news, Calix Inc. announced the deployment of its Calix Agent Workforce Cloud by Tipmont REMC and Velocity Network. Tipmont REMC, an Indiana-based electric cooperative, will utilize the platform to enhance its fiber broadband services as it expands into new markets. Velocity Network, also known as VNET Fiber, is implementing the same platform along with SmartMDU technology to broaden its service offerings and reduce operational costs. This move follows a significant subscriber growth for Velocity Network, with a 660 percent increase in residential subscribers and a 10 percent rise in average revenue per user over two years. Additionally, Calix launched new features for its SmartMDU platform, introducing user management controls and Wi-Fi suspension capabilities for multi-dwelling units. SC, formerly SCTelcom, is also expanding its partnership with Calix to deploy the Calix Agent Workforce Cloud, continuing a relationship that has spanned over two decades. Furthermore, Calix received FCC approval for its gateway appliance portfolio, allowing for their continued importation, sale, and deployment. This FCC approval exempts Calix gateway appliances from the Covered List, removing previous restrictions. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Calix Says Garden Valley Technologies Extends Investment in AI-Native Marketing Agents

Calix, Inc. is an artificial intelligence (AI) platform company. It develops markets and sells platforms, cloud and managed services, which are powered by agentic AI, that enable communications service providers (CSPs) of all types and sizes to transform their businesses. Its Calix One Platform consists of Calix Cloud, which comes in three role-based software as a service (SaaS) application: Calix Engagement Cloud, Calix Operations Cloud and Calix Service Cloud. Its Calix Agent Workforce consists of four agent families: Service Agents, Subscriber Agents, Operations Agents and Marketing Agents. Its SmartLife managed services consist of SmartHome managed services and applications to enhance, operate and secure the connected experience of subscribers in their home; SmartBiz managed services address the business networking and productivity needs of small business owners, and SmartMDU managed services, which provide purpose-built, flexible connectivity solutions for multifamily properties.