Calix
Market Cap
US$381.4m
Last Updated
2019/10/18 00:16 UTC
Data Sources
Company Financials +
Executive Summary
Calix, Inc., together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network.
Snowflake
Fundamentals
Excellent balance sheet with concerning outlook.
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
Market Performance
7 Day Return
6.5%
CALX
2.1%
US Communications
1.8%
US Market
1 Year Return
-5.8%
CALX
1.6%
US Communications
7.3%
US Market
Return vs Industry: CALX underperformed the US Communications industry which returned 1.6% over the past year.
Return vs Market: CALX underperformed the US Market which returned 7.3% over the past year.
Shareholder returns
| CALX | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.5% | 2.1% | 1.8% |
| 30 Day | 11.3% | -3.8% | -0.7% |
| 90 Day | -2.1% | -14.7% | 0.06% |
| 1 Year | -5.8%-5.8% | 3.9%1.6% | 9.7%7.3% |
| 3 Year | 4.2%4.2% | 52.9%43.4% | 46.3%36.9% |
| 5 Year | -22.2%-22.2% | 92.3%72.2% | 64.5%46.5% |
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
Can We See Significant Insider Ownership On The Calix, Inc. (NYSE:CALX) Share Register?1 month ago | Simply Wall St
Some Calix (NYSE:CALX) Shareholders Are Down 30%1 month ago | Simply Wall St
Should You Be Pleased About The CEO Pay At Calix, Inc.'s (NYSE:CALX)Valuation
Is Calix undervalued compared to its fair value and its price relative to the market?
2.59x
Price to Book (PB) ratio
Share Price vs. Fair Value
Undervalued: Insufficient data to calculate CALX's fair value to establish if it is undervalued.
Significantly Undervalued: 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
Low 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 (2.6x) compared to the US Communications industry average (1.9x).
Next Steps
Future Growth
How is Calix forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
9.7%
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 (2.7%).
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 (9.7% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: CALX's revenue (9.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High 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?
-11.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CALX is unprofitable, and losses have increased over the past 5 years at a rate of -11.7% 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 (22.8%).
Return on Equity
High ROE: CALX has a negative Return on Equity (-13.3%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: CALX is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: CALX is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Calix's financial position?
Financial Position Analysis
Short Term Liabilities: CALX's short term assets ($148.2M) exceeds its short term liabilities ($128.7M)
Long Term Liabilities: CALX's short term assets (148.2M) exceeds its long term liabilities (35.3M)
Debt to Equity History and Analysis
Debt Level: CALX's debt to equity ratio (19.6%) 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
Inventory Level: CALX has a high level of physical assets or inventory.
Debt Coverage by Assets: CALX's debt is covered by short term assets (assets are 5.146180x debt).
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 a year 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 -21.6% each year
Next Steps
Dividend
What is Calix's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate CALX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CALX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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
What is the CEO of Calix's salary, the management and board of directors tenure and is there insider trading?
3.2yrs
Average management tenure
CEO
Carl Russo (63yo)
16.8yrs
Tenure
US$500,000
Compensation
Mr. Carl E. Russo has been the Chief Executive Officer and President of Calix Inc. (alternative name, Calix Networks, Inc) since December 2002. Before taking an active role with Calix, Mr. Russo served as ...
CEO Compensation Analysis
Compensation vs. Market: Carl's total compensation ($USD500.00K) is about average for companies of similar size in the US market ($USD1.79M).
Compensation vs Earnings: Carl's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.2yrs
Average Tenure
57yo
Average Age
Experienced Management: CALX's management team is considered experienced (3.2 years average tenure).
Board Age and Tenure
6.2yrs
Average Tenure
60yo
Average Age
Experienced Board: CALX's board of directors are considered experienced (6.2 years average tenure).
Insider Trading
Insider Buying: CALX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 20,000 |
| Max Price | US$5.86 |
| Entity | Company |
| Shares | 60,125 |
| Max Price | US$5.89 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 24,000 |
| Max Price | US$5.79 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman |
| Shares | 16,352 |
| Max Price | US$5.96 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Chief Accounting Officer |
| Shares | 5,000 |
| Max Price | US$6.22 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman |
| Shares | 19,180 |
| Max Price | US$6.40 |
| Entity | Company |
| Shares | 2,600 |
| Max Price | US$5.98 |
| Entity | Company |
| Shares | 25,311 |
| Max Price | US$6.21 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 33,500 |
| Max Price | US$6.62 |
| Entity | Company |
| Shares | 27,091 |
| Max Price | US$6.57 |
| Entity | Company |
| Shares | 51,210 |
| Max Price | US$6.59 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman |
| Shares | 15,000 |
| Max Price | US$6.72 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 13,000 |
| Max Price | US$7.09 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman |
| Shares | 12,500 |
| Max Price | US$8.04 |
| Entity | Company |
| Shares | 100,000 |
| Max Price | US$7.49 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Chief Accounting Officer |
| Shares | 10,000 |
| Max Price | US$7.53 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 12,000 |
| Max Price | US$9.55 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 22,000 |
| Max Price | US$9.76 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Chief Accounting Officer |
| Shares | 5,000 |
| Max Price | US$10.50 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman |
| Shares | 12,500 |
| Max Price | US$9.80 |
Ownership Breakdown
Management Team
Cory Sindelar (50yo)
CFO & Chief Accounting Officer
- Tenure: 2yrs
- Compensation: US$813.45k
Carl Russo (63yo)
CEO, President & Director
- Tenure: 16.8yrs
- Compensation: US$500.00k
Tom Dinges
Director of Investor Relations
- Tenure: 0yrs
Mark Dressler
Senior Vice President of Global Sales
- Tenure: 1.8yrs
Mehdi Bradaran (61yo)
Senior Vice President of Product Operations
- Tenure: 5.3yrs
- Compensation: US$1.11m
Michel Langlois (57yo)
Chief Development Officer
- Tenure: 5.3yrs
- Compensation: US$1.74m
Diane Sheldahl
Senior Vice President of Talent & Culture
- Tenure: 0yrs
Suzanne Tom
VP, General Counsel & Corporate Secretary
- Tenure: 4.2yrs
Michael Weening (50yo)
Executive Vice President of Field Operations
- Tenure: 1.2yrs
- Compensation: US$1.21m
Matt Collins
Chief Marketing Officer
- Tenure: 2.3yrs
Board Members
Don Listwin (60yo)
Independent Chairman
- Tenure: 12.3yrs
- Compensation: US$221.00k
Kevin DeNuccio (60yo)
Independent Director
- Tenure: 7.1yrs
- Compensation: US$170.62k
Michael Matthews (62yo)
Independent Director
- Tenure: 8.8yrs
- Compensation: US$175.00k
Chris Bowick (63yo)
Independent Director
- Tenure: 5.3yrs
- Compensation: US$175.30k
Carl Russo (63yo)
CEO, President & Director
- Tenure: 16.8yrs
- Compensation: US$500.00k
Kira Makagon (56yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$165.00k
Kathy Crusco (54yo)
Independent Director
- Tenure: 2.1yrs
- Compensation: US$173.16k
Dan Plants (52yo)
Independent Director
- Tenure: 1.6yrs
- Compensation: US$235.26k
Mike Everett (70yo)
Independent Director
- Tenure: 12.2yrs
- Compensation: US$195.00k
Kevin Peters (55yo)
Independent Director
- Tenure: 5yrs
- Compensation: US$175.00k
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$381.431m
- Shares outstanding: 55.44m
- 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, systems and services required to deliver the unified access network. The company’s cloud and software platforms, systems, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/18 00:16 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/06/29 |
| Annual Earnings | 2018/12/31 |
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.