Calix
Market Cap
US$2.8b
Last Updated
2021/04/19 22:35 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with acceptable track record.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: CALX's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
-1.1%
CALX
1.0%
US Communications
1.3%
US Market
1 Year Return
426.2%
CALX
29.9%
US Communications
53.8%
US Market
Return vs Industry: CALX exceeded the US Communications industry which returned 29.9% over the past year.
Return vs Market: CALX exceeded the US Market which returned 53.9% over the past year.
Shareholder returns
| CALX | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | 1.0% | 1.3% |
| 30 Day | -8.7% | 6.5% | 5.1% |
| 90 Day | 19.6% | 12.4% | 8.9% |
| 1 Year | 426.2%426.2% | 33.2%29.9% | 56.6%53.8% |
| 3 Year | 516.8%516.8% | 25.3%16.9% | 64.4%53.6% |
| 5 Year | 512.3%512.3% | 107.5%84.2% | 120.4%95.7% |
Long-Term 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
5 days ago | Simply Wall St
Is Calix (NYSE:CALX) Using Too Much Debt?3 weeks ago | Simply Wall St
The Return Trends At Calix (NYSE:CALX) Look Promising1 month ago | Simply Wall St
Should You Investigate Calix, Inc. (NYSE:CALX) At US$39.87?Valuation
Is Calix undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CALX ($44.84) is trading below our estimate of fair value ($122.4)
Significantly Below Fair Value: CALX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CALX is poor value based on its PE Ratio (79.1x) compared to the US Communications industry average (37.5x).
PE vs Market: CALX is poor value based on its PE Ratio (79.1x) compared to the US market (22.5x).
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 (9.9x) compared to the US Communications industry average (2.5x).
Future Growth
How is Calix forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
12.3%
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%).
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 (12.3% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: CALX's revenue (12.3% 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
Past Performance
How has Calix performed over the past 5 years?
27.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CALX has high quality earnings.
Growing Profit Margin: CALX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CALX has become profitable over the past 5 years, growing earnings by 27.5% per year.
Accelerating Growth: CALX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CALX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (-4%).
Return on Equity
High ROE: CALX's Return on Equity (11.9%) is considered low.
Financial Health
How is Calix's financial position?
Financial Position Analysis
Short Term Liabilities: CALX's short term assets ($266.9M) exceed its short term liabilities ($101.0M).
Long Term Liabilities: CALX's short term assets ($266.9M) exceed its long term liabilities ($46.0M).
Debt to Equity History and Analysis
Debt Level: CALX's debt to equity ratio (1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CALX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CALX's debt is well covered by operating cash flow (1757.6%).
Interest Coverage: CALX's interest payments on its debt are well covered by EBIT (28.3x coverage).
Balance Sheet
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?
3.8yrs
Average management tenure
CEO
Carl Russo (64 yo)
18.33yrs
Tenure
US$6,894,750
Compensation
Mr. Carl E. Russo has been the Chief Executive Officer of Calix Inc. (alternative name, Calix Networks, Inc) since December 2002. He served as President at Calix, Inc. since December 2002 until January 27,...
CEO Compensation Analysis
Compensation vs Market: Carl's total compensation ($USD6.89M) is above average for companies of similar size in the US market ($USD5.16M).
Compensation vs Earnings: Carl's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CALX's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: CALX's board of directors are considered experienced (7.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CALX insiders have sold more shares than they have bought 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 11%.
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$2.818b
- Shares outstanding: 62.85m
- Website: https://www.calix.com
Number of Employees
Location
- Calix, Inc.
- 2777 Orchard Parkway
- San Jose
- California
- 95134
- United States
Listings
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, Eu...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/19 22:35 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.