Calix (CALX) AI Stock Analysis

• Market Cap: $4.45B
• Dividend Yield: N/A
• Average Volume (3M): 599.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• Revenue Growth: 4.89%
• EPS Growth: 55.80%
• Country: US
• Employees: 1,820
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.44
• Shares Outstanding: 66,276,474
• 10 Day Avg. Volume: 903,469
• 30 Day Avg. Volume: 599,638
• PEG Ratio: 0.38
• Price to Book (P/B): 2.94
• Price to Sales (P/S): 2.76
• P/FCF Ratio: 45.63
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 4.25
• Enterprise Value/Gross Profit: 7.57
• Enterprise Value/Ebitda: 284.51
• 1Y Price Target: $77.50
• Price Target Upside: 20.40% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 1.18
• Revenue Forecast (FY): $959.33M

• Rating: 63 Neutral
• Price Target: $72.00 ▲(11.85% Upside)

Calix's overall stock score is driven by strong technical momentum and positive earnings call highlights, including record revenue and strategic growth initiatives. However, the score is tempered by valuation concerns due to negative profitability metrics and a lack of dividend yield. Financial performance shows potential for recovery, but current operational challenges weigh on the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, enhancing long-term business sustainability.

Cash Flow Generation

Strong cash flow generation provides financial flexibility for strategic investments and operational resilience, supporting future growth.

New Leadership

New leadership in marketing can drive strategic initiatives and enhance brand positioning, potentially boosting long-term revenue and market share.

Negative Factors

Negative Profit Margins

Negative net profit margins reflect operational inefficiencies and could hinder reinvestment capabilities, impacting long-term profitability.

Supply Chain Challenges

Persistent supply chain challenges can disrupt operations and increase costs, affecting the company's ability to meet demand and maintain margins.

Geographic Constraints

Geographic constraints limit market expansion opportunities, potentially restricting revenue growth and competitive positioning in new regions.

Calix Business Overview & Revenue Model

Company Description

Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services. It provides Calix Cloud platform, a role-based analytics platform comprising Calix Marketing Cloud, Calix Support Cloud, and Calix Operations Cloud, which are configurable to display role-based insights and enable BSPs to anticipate and target new revenue-generating services and applications through mobile application. The company also offers EXOS, a carrier class premises operating system and fully integrated with its GigaSpire family of systems to be ready for deployment as a complete subscriber experience solutions for BSP's residential and business subscribers; and AXOS, a software platform to access edge of the network by its architecture and operations. It offers its products through its direct sales force and resellers. Calix, Inc. was incorporated in 1999 and is headquartered in San Jose, California.

How the Company Makes Money

Calix generates revenue primarily through the sale of its software and hardware products, along with subscription services associated with its cloud platform. Key revenue streams include the sale of access hardware, such as optical network terminals and routers, and ongoing subscription fees for software solutions that help service providers manage their networks and optimize service delivery. Additionally, Calix earns revenue from professional services that assist CSPs in deploying and managing their broadband networks. Significant partnerships with various telecommunications companies further enhance its market reach and contribute to its earnings.

Calix Financial Statement Overview

Summary

Calix shows moderate revenue growth and strong gross profitability but faces operational and earnings challenges with negative EBIT and net margins. The balance sheet is robust, with low leverage and a strong equity position, though profitability metrics are impacted by recent losses. Cash flow generation shows improvement, indicating potential for future recovery.

Income Statement

For TTM (Trailing-Twelve-Months), Calix shows a gross profit margin of 55.54% and a net profit margin of -3.09%, indicating strong gross profitability but negative net profitability. The revenue growth rate from 2024 to TTM is 4.53%, suggesting moderate growth. However, the EBIT and EBITDA margins are negative, -4.07% and -2.12% respectively, reflecting operational and earnings challenges.

Balance Sheet

Calix has a debt-to-equity ratio of 0.004, indicating low leverage and strong equity backing. The return on equity (ROE) is -3.48%, impacted by negative net income. The equity ratio stands at 83.87%, showing a solid equity base. Overall, the balance sheet suggests financial stability with minor profitability concerns.

Cash Flow

The free cash flow growth rate is 42.06%, reflecting strong cash generation improvements. The operating cash flow to net income ratio is -3.27, and the free cash flow to net income ratio is -2.66, suggesting efficient cash management despite negative net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	933.68M	831.52M	1.04B	867.83M	679.39M	541.24M
Gross Profit	524.38M	453.59M	518.32M	435.43M	356.59M	267.02M
EBITDA	13.95M	-23.48M	42.22M	66.92M	88.07M	49.59M
Net Income	-7.25M	-29.75M	29.32M	41.01M	238.38M	33.48M
Balance Sheet
Total Assets	943.95M	939.27M	941.87M	884.84M	742.03M	427.35M
Cash, Cash Equivalents and Short-Term Investments	339.62M	297.09M	220.35M	241.72M	204.34M	133.79M
Total Debt	0.00	8.02M	11.56M	12.39M	12.38M	12.95M
Total Liabilities	153.86M	158.33M	222.88M	205.27M	173.60M	147.03M
Stockholders Equity	822.51M	780.94M	718.98M	679.57M	568.43M	280.32M
Cash Flow
Free Cash Flow	85.45M	50.35M	38.40M	13.12M	46.33M	43.59M
Operating Cash Flow	104.27M	68.40M	56.25M	27.18M	56.79M	51.41M
Investing Cash Flow	-34.50M	-109.53M	-6.25M	-24.08M	-110.66M	-60.80M
Financing Cash Flow	-36.99M	20.90M	-65.93M	25.06M	24.38M	42.15M

Calix Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 64.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CALX, the sentiment is Positive. The current price of 64.37 is above the 20-day moving average (MA) of 62.06, above the 50-day MA of 61.51, and above the 200-day MA of 48.72, indicating a bullish trend. The MACD of 1.63 indicates Negative momentum. The RSI at 55.32 is Neutral, neither overbought nor oversold. The STOCH value of 51.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CALX.

Calix Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTM	78 Outperform	$3.64B	35.42	6.51%	―	1.47%	1077.70%
BL	67 Neutral	$3.52B	45.71	23.79%	―	7.99%	-28.47%
CALX	63 Neutral	$4.45B	―	-0.91%	―	4.89%	55.80%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NCNO	61 Neutral	$2.94B	―	-3.15%	―	13.24%	-12.97%
BLKB	52 Neutral	$2.97B	―	-78.53%	―	-1.17%	-597.89%
ASAN	52 Neutral	$3.11B	-14.65	-80.55%	―	9.74%	22.36%

Calix Corporate Events

Calix Reports Strong Q3 2025 Financial Results

Calix, Inc. is a technology company specializing in providing an AI-driven cloud and appliance-based platform designed to help service providers transform into experience providers by simplifying operations and enhancing customer engagement.