CALX

NEUTRAL

$43.38 Live

Calix, Inc. · NYSE

Target $66.0 (+52.1%)

$39.23 52W Range $71.22

CALX Calix, Inc. - Fundamental Analysis

NEUTRAL

Console Chart News

CALX Stock | Fundamental Analysis & Investment Insights

NYSE • Technology • Software - Infrastructure

Current Price Live

$43.38

Analyst Target

$66.0

+52.1% Upside

52W High

$71.22

52W Low

$39.23

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers Insiders SEC Filings

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 25, 2026

Market cap

$2.77B

P/E

88.53

ROE

4.5%

Profit margin

3.2%

Debt/Equity

0.02

Dividend yield

N/A

AI Analysis

AI-powered fundamental assessment

Confidence

85%

CALX exhibits strong fundamental health with a Piotroski F-Score of 7/9 and a negligible Debt/Equity ratio of 0.02, indicating a very stable balance sheet. However, there is a severe disconnect between the current price ($43.38) and deterministic value metrics, with the Graham Number at $11.88 and Intrinsic Value at $3.43. While the Forward P/E of 17.33 suggests significant earnings growth potential, the stock is currently plagued by heavy insider selling ($54.23M) and a sharp bearish technical trend. The overall outlook is neutral as the high-quality financial health is offset by extreme valuation premiums and negative sentiment.

Key Strengths

Strong financial health evidenced by a Piotroski F-Score of 7/9

Exceptional liquidity with a Current Ratio of 3.29 and Quick Ratio of 2.02

Virtually debt-free balance sheet (Debt/Equity of 0.02)

Consistent track record of earnings beats over 25 quarters

Robust top-line growth with YoY revenue increase of 27.10%

Key Risks

Significant valuation gap compared to Graham and Intrinsic value baselines

Aggressive insider selling totaling over $54 million in the last 6 months

Strongly bearish technical momentum (down 29.2% over 6 months)

High PEG ratio (3.34) suggesting the stock is overvalued relative to its growth rate

High trailing P/E (88.53) creates vulnerability to any earnings miss

AI Fair Value Estimate

Based on comprehensive analysis

$32.5

-25.1% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Moderate

Value

Future

Past

Health

Dividend

AI Verdict

Fundamental strength trapped in a bearish sentiment cycle

Key drivers: Piotroski F-Score, Insider Selling, Forward P/E vs Trailing P/E, Technical Trend

Confidence

90%

Value

30/100

Ref P/E, PEG, Graham Number

Positives

Attractive Forward P/E of 17.33

Watchpoints

Price far exceeds Graham Number ($11.88)
Price far exceeds Intrinsic Value ($3.43)
High trailing P/E of 88.53

Future

75/100

Ref Growth rates

Positives

27% YoY Revenue Growth
Strong analyst target price of $66.00
Consistent earnings surprise history

Watchpoints

High PEG ratio indicates growth is already priced in

Past

60/100

Ref Historical trends

Positives

Long-term history of beating EPS estimates

Watchpoints

Negative 3Y and 5Y price performance
Recent sharp price decline

Health

95/100

Ref Altman Z-Score, Piotroski F-Score

Positives

Piotroski F-Score 7/9
Debt/Equity 0.02
Current Ratio 3.29

Watchpoints

Altman Z-Score not provided

Dividend

0/100

Ref Yield, Payout

Positives

No standout positives identified.

Watchpoints

No dividend yield
0/100 Dividend Strength

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$43.38

Analyst Target

$66.0

Upside/Downside

+52.1%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for CALX and closest competitors.

Updated 2026-04-24

Company	5Y	3Y	1Y	6M	1M	1W
CALX Calix, Inc. Primary	-5.7%	-5.1%	+11.1%	-29.2%	-17.8%	-13.5%
BLKB Blackbaud, Inc. Peer	-14.3%	-11.3%	-26.1%	-13.8%	-11.1%	+1.6%
AVPT AvePoint, Inc. Peer	-18.5%	+186.8%	-31.3%	-32.2%	-7.4%	-0.7%
TSAT Telesat Corporation Peer	+41.5%	+495.7%	+242.4%	+56.7%	+43.2%	+18.1%
PLAB Photronics, Inc. Peer	+272.7%	+197.5%	+157.8%	+96.0%	+32.2%	+3.1%

CAL

Calix, Inc.

Primary

-5.7%

-5.1%

+11.1%

-29.2%

-17.8%

-13.5%

BLK

Blackbaud, Inc.

Peer

-14.3%

-11.3%

-26.1%

-13.8%

-11.1%

+1.6%

AVP

AvePoint, Inc.

Peer

-18.5%

+186.8%

-31.3%

-32.2%

-7.4%

-0.7%

TSA

Telesat Corporation

Peer

+41.5%

+495.7%

+242.4%

+56.7%

+43.2%

+18.1%

PLA

Photronics, Inc.

Peer

+272.7%

+197.5%

+157.8%

+96.0%

+32.2%

+3.1%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

88.53

17.33

3.34

3.39

2.61

2.4

44.07

$2.77B

Profitability

Profit margins and return metrics

Profit Margin 3.2%

Operating Margin 4.54%

Gross Margin 57.08%

ROE 4.5%

ROA 2.66%

Growth

Revenue and earnings growth rates

Revenue Growth +27.1%

Earnings Growth N/A

Q/Q Revenue Growth +27.13%

Q/Q Earnings Growth N/A

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

0.02

Low debt

Current Ratio

3.29

Strong

Quick Ratio

2.02

Excellent

Cash/Share

$3.81

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q1 2026

Revenue

$0.3B

Gross Margin

56.9%

Op. Margin

4.5%

Net Margin

4.0%

Total Assets

$1.0B

Liabilities

$0.2B

Equity

$0.7B

Debt/Equity

0.29x

Operating CF

$0.0B

CapEx

$-0.0B

Free Cash Flow

$0.0B

FCF Yield

45%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-07-20

$N/A

2026-04-21

$0.4

+6.7% surprise

2026-01-28

$0.39

+1.9% surprise

2025-10-29

$0.44

+29.1% surprise

Technology Sector Comparison

Comparing CALX against 528 companies in the Technology sector (46 bullish, 175 neutral, 307 bearish)

P/E Ratio

88.53

This Stock

85.73

Sector Avg

+3.3% (Premium)

Return on Equity (ROE)

4.5%

This Stock

-36.43%

Sector Avg

-112.4% (Below Avg)

Profit Margin

3.2%

This Stock

-12.81%

Sector Avg

-125.0% (Weaker)

Debt to Equity

0.02

This Stock

0.71

Sector Avg

-97.2% (Less Debt)

Revenue Growth

27.1%

This Stock

4697.82%

Sector Avg

-99.4% (Slower)

Current Ratio

3.29

This Stock

3.69

Sector Avg

-10.8% (Weaker)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
CALX Calix, Inc.	NEUTRAL	$2.77B	88.53	4.5%	3.2%	$43.38
BLKB Blackbaud, Inc.	BEARISH	$2.73B	-	-77.2%	-22.2%	$56.34	Compare
AVPT AvePoint, Inc.	NEUTRAL	$2.72B	-	0.7%	0.5%	$12.59	Compare
TSAT Telesat Corporation	BEARISH	$2.71B	-	-24.9%	-37.2%	$53.08	Compare
PLAB Photronics, Inc.	NEUTRAL	$2.7B	19.59	12.2%	15.8%	$45.84	Compare

CALX Calix, Inc.

NEUTRAL

Mkt Cap

$2.8B

P/E

88.5

ROE

4.5%

Price

$43.38

Compare with CALX

Compare with CALX

TSAT Telesat Corporation

Compare with CALX

PLAB Photronics, Inc.

Compare with CALX

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

Date	Insider	Position	Transaction	Shares	Value
2026-04-08	RUSSO CARL E	Director and Beneficial Owner of more than 10% of a Class of Security	Gift	40,000	-
2026-02-25	RUSSO CARL E	Director and Beneficial Owner of more than 10% of a Class of Security	Option Exercise	10,000	$126,300
2026-02-13	SINDELAR CORY JOSEPH	Chief Financial Officer	Stock Award	439	$19,896
2026-02-13	WEENING MICHAEL	Chief Executive Officer	Stock Award	439	$19,896
2026-02-13	DUROCHER JOHN	Chief Operating Officer	Stock Award	439	$19,896
2026-02-03	RUSSO CARL E	Director and Beneficial Owner of more than 10% of a Class of Security	Sale	25,000	$1,181,690
2026-02-02	SINDELAR CORY JOSEPH	Chief Financial Officer	Option Exercise	27,000	$136,350
2026-01-07	RUSSO CARL E	Director and Beneficial Owner of more than 10% of a Class of Security	Option Exercise	10,000	$126,300
2025-11-24	RUSSO CARL E	Director and Beneficial Owner of more than 10% of a Class of Security	Option Exercise	10,000	$126,300
2025-11-17	RUSSO CARL E	Director and Beneficial Owner of more than 10% of a Class of Security	Option Exercise	10,000	$126,300
2025-11-10	ELENIAK SHANE TODD MARSHALL	Officer	Sale	24,000	$1,539,240
2025-11-10	ELENIAK SHANE TODD MARSHALL	Officer	Option Exercise	24,000	$192,720
2025-11-06	RUSSO CARL E	Director and Beneficial Owner of more than 10% of a Class of Security	Option Exercise	200,000	$2,526,000
2025-11-06	SINDELAR CORY JOSEPH	Chief Financial Officer	Sale	50,000	$3,264,935
2025-11-06	SINDELAR CORY JOSEPH	Chief Financial Officer	Option Exercise	50,000	$252,500

RUSSO CARL E

Director and Beneficial Owner of more than 10% of a Class of Security

Gift

2026-04-08

40,000 shares

RUSSO CARL E

Director and Beneficial Owner of more than 10% of a Class of Security

Option Exercise

2026-02-25

10,000 shares · $126,300

SINDELAR CORY JOSEPH

Chief Financial Officer

Stock Award

2026-02-13

439 shares · $19,896

WEENING MICHAEL

Chief Executive Officer

Stock Award

2026-02-13

439 shares · $19,896

DUROCHER JOHN

Chief Operating Officer

Stock Award

2026-02-13

439 shares · $19,896

RUSSO CARL E

Director and Beneficial Owner of more than 10% of a Class of Security

Sell

2026-02-03

25,000 shares · $1,181,690

SINDELAR CORY JOSEPH

Chief Financial Officer

Option Exercise

2026-02-02

27,000 shares · $136,350

RUSSO CARL E

Director and Beneficial Owner of more than 10% of a Class of Security

Option Exercise

2026-01-07

10,000 shares · $126,300

RUSSO CARL E

Director and Beneficial Owner of more than 10% of a Class of Security

Option Exercise

2025-11-24

10,000 shares · $126,300

RUSSO CARL E

Director and Beneficial Owner of more than 10% of a Class of Security

Option Exercise

2025-11-17

10,000 shares · $126,300

ELENIAK SHANE TODD MARSHALL

Officer

Sell

2025-11-10

24,000 shares · $1,539,240

ELENIAK SHANE TODD MARSHALL

Officer

Option Exercise

2025-11-10

24,000 shares · $192,720

RUSSO CARL E

Director and Beneficial Owner of more than 10% of a Class of Security

Option Exercise

2025-11-06

200,000 shares · $2,526,000

SINDELAR CORY JOSEPH

Chief Financial Officer

Sell

2025-11-06

50,000 shares · $3,264,935

SINDELAR CORY JOSEPH

Chief Financial Officer

Option Exercise

2025-11-06

50,000 shares · $252,500

Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

10-Q

2026-04-22

CALX filed its quarterly 10-Q report on April 22, 2026. While specific financial highlights were not provided in the excerpt, the filing includes a detailed section on risk factors.

8-K

2026-04-21

Calix, Inc. (CALX) filed an 8-K on April 21, 2026, likely to report its first quarter financial results.

8-K

2026-04-21

Calix, Inc. (CALX) filed an 8-K on April 21, 2026, likely to report its first quarter financial results.

DEF 14A

2026-03-27

CALX filed a definitive proxy statement on March 27, 2026, providing shareholders with necessary information and voting materials for the company's annual meeting.

10-K

2026-02-20

CALX filed its 10-K annual report on February 20, 2026. Due to the lack of detailed excerpts, specific financial highlights and risk factors are not available for summary.

8-K

2026-01-28

Calix, Inc. likely filed this 8-K to announce its fourth quarter and full-year financial results.

8-K

2026-01-28

Calix, Inc. likely filed this 8-K to announce its fourth quarter and full-year financial results.

8-K

2025-11-17

Calix, Inc. filed an 8-K likely to announce its financial results for the third quarter of 2025.

10-Q

2025-10-30

CALX filed its quarterly 10-Q report on October 30, 2025. The provided excerpt indicates the inclusion of a Risk Factors section, although specific financial highlights and detailed risk descriptions were not available in the provided text.

8-K

2025-10-29

Calix, Inc. likely filed this 8-K to announce its third-quarter financial results.

10-Q

2025-07-22

8-K

2025-07-21

8-K

2025-05-13

8-K

2025-05-09

10-Q

2025-04-22

Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus

BUY

6 analysts

Rosenblatt

2026-04-23

Maintains

Buy Buy

Needham

2026-04-23

Maintains

Buy Buy

JP Morgan

2026-04-22

Maintains

Overweight Overweight

Rosenblatt

2026-04-22

Maintains

Buy Buy

JP Morgan

2026-04-16

Maintains

Overweight Overweight

Rosenblatt

2026-03-31

Maintains

Buy Buy

Rosenblatt

2026-01-30

Maintains

Buy Buy

Needham

2026-01-30

Maintains

Buy Buy

Rosenblatt

2026-01-27

Maintains

Buy Buy

JP Morgan

2026-01-15

Neutral Overweight

Past News Coverage

Recent headlines mentioning CALX from our newsroom.

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CALX

CALX Calix, Inc. - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Quarterly Earnings History

Technology Sector Comparison

Similar Companies

Recent Insider Trading

SEC Filings

Wall Street Analysts

Past News Coverage

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