Calix
Market Cap
US$822.2m
Last Updated
2020/07/02 00:04 UTC
Data Sources
Company Financials +
Executive Summary
Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services required to deliver the unified access network in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has Calix's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CALX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
5.8%
CALX
2.6%
US Communications
1.9%
US Market
1 Year Return
117.7%
CALX
-16.1%
US Communications
4.3%
US Market
Return vs Industry: CALX exceeded the US Communications industry which returned -16.1% over the past year.
Return vs Market: CALX exceeded the US Market which returned 4.3% over the past year.
Shareholder returns
| CALX | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.8% | 2.6% | 1.9% |
| 30 Day | 2.3% | -1.4% | 2.7% |
| 90 Day | 105.7% | 16.4% | 26.4% |
| 1 Year | 117.7%117.7% | -13.8%-16.1% | 6.5%4.3% |
| 3 Year | 115.1%115.1% | 35.8%26.9% | 35.1%26.2% |
| 5 Year | 105.7%105.7% | 63.9%44.7% | 67.0%48.4% |
Price Volatility Vs. Market
How volatile is Calix's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Would Calix (NYSE:CALX) Be Better Off With Less Debt?1 month ago | Simply Wall St
How Much Of Calix, Inc. (NYSE:CALX) Do Insiders Own?1 month ago | Simply Wall St
If You Had Bought Calix (NYSE:CALX) Shares A Year Ago You'd Have Made 69%Valuation
Is Calix undervalued compared to its fair value and its price relative to the market?
5.45x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CALX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CALX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CALX is unprofitable, so we can't compare its PE Ratio to the Communications industry average.
PE vs Market: CALX is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CALX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CALX is overvalued based on its PB Ratio (5.4x) compared to the US Communications industry average (2x).
Next Steps
Future Growth
How is Calix forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
7.8%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if CALX's forecast earnings growth is above the savings rate (2.2%).
Earnings vs Market: Insufficient data to determine if CALX's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CALX's revenue (7.8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: CALX's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CALX's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Calix performed over the past 5 years?
1.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CALX is currently unprofitable.
Growing Profit Margin: CALX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CALX is unprofitable, but has reduced losses over the past 5 years at a rate of 1.9% per year.
Accelerating Growth: Unable to compare CALX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CALX is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (-36.4%).
Return on Equity
High ROE: CALX has a negative Return on Equity (-9.85%), as it is currently unprofitable.
Next Steps
Financial Health
How is Calix's financial position?
Financial Position Analysis
Short Term Liabilities: CALX's short term assets ($155.7M) exceed its short term liabilities ($128.4M).
Long Term Liabilities: CALX's short term assets ($155.7M) exceed its long term liabilities ($44.8M).
Debt to Equity History and Analysis
Debt Level: CALX's debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CALX's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CALX has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: CALX has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 40.9% each year
Next Steps
Dividend
What is Calix current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CALX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CALX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CALX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CALX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CALX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
Carl Russo (64yo)
17.58yrs
Tenure
US$875,000
Compensation
Mr. Carl E. Russo has been the Chief Executive Officer and President of Calix Inc. (alternative name, Calix Networks, Inc) since December 2002. Before taking an active role with Calix, Mr. Russo served as ...
CEO Compensation Analysis
Compensation vs Market: Carl's total compensation ($USD875.00K) is below average for companies of similar size in the US market ($USD3.11M).
Compensation vs Earnings: Carl's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 17.58yrs | US$875.00k | 9.83% $80.8m | |
| CFO & Chief Accounting Officer | 2.75yrs | US$2.33m | 0.11% $943.8k | |
| Executive Vice President of Global Operations | 1.5yrs | US$4.16m | 0.022% $179.6k | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP | 4.92yrs | no data | no data | |
| Senior Vice President of Global Sales | 2.5yrs | no data | no data | |
| Chief Marketing Officer | 3yrs | no data | no data | |
| Senior Vice President of Strategic Development | no data | no data | no data | |
| Senior Vice President of Product Operations | 6yrs | US$1.11m | no data | |
| Chief Development Officer of Intelligent Access EDGE Products | 6yrs | US$1.74m | no data |
4.0yrs
Average Tenure
58yo
Average Age
Experienced Management: CALX's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 17.58yrs | US$875.00k | 9.83% $80.8m | |
| Independent Chairman | 13yrs | US$250.62k | 1.77% $14.5m | |
| Independent Director | 7.83yrs | US$195.62k | 0.55% $4.5m | |
| Independent Director | 9.58yrs | US$198.12k | 0.11% $877.1k | |
| Independent Director | 6yrs | US$203.12k | 0.15% $1.3m | |
| Independent Director | 3yrs | US$188.12k | 0.091% $752.1k | |
| Independent Director | 2.83yrs | US$198.12k | 0.12% $964.2k | |
| Independent Director | 2.33yrs | US$191.24k | 0.086% $707.7k | |
| Independent Director | 12.92yrs | US$218.12k | 0.25% $2.1m | |
| Independent Director | 5.75yrs | US$198.12k | 0.20% $1.6m |
6.9yrs
Average Tenure
61yo
Average Age
Experienced Board: CALX's board of directors are considered experienced (6.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CALX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.
Top Shareholders
Company Information
Calix, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Calix, Inc.
- Ticker: CALX
- Exchange: NYSE
- Founded: 1999
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$822.186m
- Shares outstanding: 56.62m
- Website: https://www.calix.com
Number of Employees
Location
- Calix, Inc.
- 2777 Orchard Parkway
- San Jose
- California
- 95134
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CALX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 2010 |
| CXA | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 2010 |
Biography
Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services required to deliver the unified access network in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally. The company’s cloud and software platforms, and systems and services enable communication service providers (CSPs) to provide a range of services, such as basic voice and data, and advanced broadband services. Its premises systems allow CSPs to master the complexity of the smart and connected homes, and offer services to differentiate through the delivery of a subscriber experience. The company offers Calix Cloud, an analytics platform that leverages network data and subscriber behavioral data to deliver analytics and intelligence to communications professionals through role specific dashboards; and Calix Marketing Cloud for CSP marketing teams, as well as Calix Support Cloud for CSP customer support teams. It also provides Experience eXtensible Operating System, a carrier class premises operating system and software platform that supports residential, business, and mobile subscribers; and Access eXtensible Operating System, a software platform built for the specific needs of the access network. The company offers its products through its direct sales force and resellers. Calix, Inc. was founded in 1999 and is headquartered in San Jose, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/02 00:04 |
| End of Day Share Price | 2020/07/01 00:00 |
| Earnings | 2020/03/28 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.