company background image
CALX

CalixNYSE:CALX Stock Report

Market Cap

US$4.2b

7D

-3.8%

1Y

174.9%

Updated

03 Dec, 2021

Data

Company Financials +
CALX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends0/6

CALX Stock Overview

Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally.

Calix Competitors

Arista Networks

NYSE:ANET

US$37.2b

Ubiquiti

NYSE:UI

US$18.8b

Juniper Networks

NYSE:JNPR

US$10.2b

Ciena

NYSE:CIEN

US$9.5b

Price History & Performance

Summary of all time highs, changes and price drops for Calix
Historical stock prices
Current Share PriceUS$65.46
52 Week HighUS$76.60
52 Week LowUS$22.79
Beta1.49
1 Month Change-9.65%
3 Month Change41.23%
1 Year Change174.93%
3 Year Change594.90%
5 Year Change733.89%
Change since IPO333.51%

Recent News & Updates

Nov 22

Calix: Rapidly Growing Cloud Company

The adoption of remote work, education, and entertainment environments during the pandemic have increased the demand for CALX's services significantly. Their customer base (broadband service providers) is increasing rapidly. Their cash from operations and balance sheet are rapidly improving in response to the revenue growth. Ongoing supply chain issues may challenge their growth and margins through 2022. I believe a growth-oriented investor should consider CALX for watchlist.

Nov 22
Does Calix (NYSE:CALX) Deserve A Spot On Your Watchlist?

Does Calix (NYSE:CALX) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Nov 08

Calix, Inc. Looks To Big-$ Investor Guides For Best Near-Term Buy Of Cloud Info Management Systems

This is an evaluation of likely coming stock prices, not an appraisal of CALX’s product line or management’s competitive abilities. They’re already evaluated by big-$ investment analysts and portfolio managers. The buys they urge as volume “block trades” cause Market-Makers to put firm capital temporarily at risk, balancing shares supply with demand. And to hedge-protect the risks created. What is paid for that protection, and the way it is done defines the likely price-change limits for CALX seen by MM buyers and hedge-offering sellers. “Likely” is the keyword in uncertain-future forecasts, where profit-margin capture and stock-price increases are a combination of corporate managerial skills and current market circumstances. Accounting records show prior management skills, market-arbitrage records show prior and current market price expectations. All encourage direct comparison of related competitors’ prospects for coming stock prices.

Shareholder Returns

CALXUS CommunicationsUS Market
7D-3.8%1.4%-2.7%
1Y174.9%29.1%16.6%

Return vs Industry: CALX exceeded the US Communications industry which returned 30.6% over the past year.

Return vs Market: CALX exceeded the US Market which returned 19.4% over the past year.

Price Volatility

Is CALX's price volatile compared to industry and market?
CALX volatility
CALX Average Weekly Movement6.9%
Communications Industry Average Movement6.4%
Market Average Movement6.1%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: CALX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CALX's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999785Carl Russohttps://www.calix.com

Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services 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. 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 CSPs to anticipate and target new revenue-generating services and applications through mobile application.

Calix Fundamentals Summary

How do Calix's earnings and revenue compare to its market cap?
CALX fundamental statistics
Market CapUS$4.17b
Earnings (TTM)US$242.60m
Revenue (TTM)US$673.00m

17.2x

P/E Ratio

6.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CALX income statement (TTM)
RevenueUS$673.00m
Cost of RevenueUS$316.83m
Gross ProfitUS$356.17m
ExpensesUS$113.57m
EarningsUS$242.60m

Last Reported Earnings

Oct 02, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.81
Gross Margin52.92%
Net Profit Margin36.05%
Debt/Equity Ratio0%

How did CALX perform over the long term?

See historical performance and comparison

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 ($65.46) is trading below our estimate of fair value ($174.68)

Significantly Below Fair Value: CALX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CALX is good value based on its PE Ratio (17.2x) compared to the US Communications industry average (29.2x).

PE vs Market: CALX is poor value based on its PE Ratio (17.2x) compared to the US market (16.9x).


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 (7.8x) compared to the US Communications industry average (2.1x).


Future Growth

How is Calix forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

10.2%

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 (10.2% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: CALX's revenue (10.2% 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?

68.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CALX has a high level of non-cash earnings.

Growing Profit Margin: CALX's current net profit margins (36%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: CALX has become profitable over the past 5 years, growing earnings by 68.6% per year.

Accelerating Growth: CALX's earnings growth over the past year (2036.6%) exceeds its 5-year average (68.6% per year).

Earnings vs Industry: CALX earnings growth over the past year (2036.6%) exceeded the Communications industry 22.8%.


Return on Equity

High ROE: CALX's Return on Equity (45.3%) is considered outstanding.


Financial Health

How is Calix's financial position?


Financial Position Analysis

Short Term Liabilities: CALX's short term assets ($374.8M) exceed its short term liabilities ($117.0M).

Long Term Liabilities: CALX's short term assets ($374.8M) exceed its long term liabilities ($43.1M).


Debt to Equity History and Analysis

Debt Level: CALX is debt free.

Reducing Debt: CALX had no debt 5 years ago.

Debt Coverage: CALX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CALX has no debt, therefore coverage of interest payments is not a concern.


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?

3.9yrs

Average management tenure


CEO

Carl Russo (65 yo)

19yrs

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 and also serves as its Chairman of the Board since July 2021. He served as P...


CEO Compensation Analysis

Compensation vs Market: Carl's total compensation ($USD6.89M) is above average for companies of similar size in the US market ($USD5.28M).

Compensation vs Earnings: Carl's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CALX's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: CALX's board of directors are considered experienced (5.8 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 3.2%.


Top Shareholders

Company Information

Calix, Inc.'s 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$4.173b
  • Shares outstanding: 63.76m
  • Website: https://www.calix.com

Number of Employees


Location

  • Calix, Inc.
  • 2777 Orchard Parkway
  • San Jose
  • California
  • 95134
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/03 23:58
End of Day Share Price2021/12/03 00:00
Earnings2021/10/02
Annual Earnings2020/12/31


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.