CALX Chart
About

Calix, Inc., together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services. It offers Calix Cloud platform comprising Calix Engagement Cloud, Calix Operations Cloud, and Calix Service Cloud, which are configurable to display role-based insights and enable BEPs to anticipate and target new revenue-generating services and applications through mobile application, such as CommandIQ for residents and CommandWorx for businesses; Calix Intelligent Access, an access network solution for automated and intelligent networks; and Calix Unlimited Subscriber, a solution for subscriber managed services. It also provides SmartLife managed services, including SmartHome managed services and applications to enhance, operate and secure the connected experience of subscribers in their home for Wi-Fi, advanced content control, network security, connected cameras, and social media monitoring; SmartTown managed services that reimagine community Wi-Fi as a ubiquitous, secure, and managed experience across a BEP's footprint; SmartBiz managed services that address the business networking and productivity needs of business owners with an all-in-one managed service; SMARTMDU managed services provide purpose-built, flexible connectivity solutions for multi-family properties of any type. In addition, the company offers Wi-Fi systems under GigaSpire and GigaPro brands to be ready for deployment as a complete subscriber experience solution for BEP's residential and business subscribers. It provides its products through its direct sales force and resellers. Calix, Inc. was incorporated in 1999 and is headquartered in San Jose, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Infrastructur Market Cap 3.57B
Enterprise Value 3.18B Income 17.88M Sales 1.00B
Book/sh 12.80 Cash/sh 5.92 Dividend Yield —
Payout 0.00% Employees 1921 IPO —
P/E 207.35 Forward P/E 22.03 PEG —
P/S 3.57 P/B 4.21 P/C —
EV/EBITDA 82.14 EV/Sales 3.18 Quick Ratio 2.99
Current Ratio 4.24 Debt/Eq 1.81 LT Debt/Eq —
EPS (ttm) 0.26 EPS next Y 2.45 EPS Growth —
Revenue Growth 32.20% Earnings 2026-04-20 ROA 1.31%
ROE 2.18% ROIC — Gross Margin 56.83%
Oper. Margin 3.40% Profit Margin 1.79% Shs Outstand 66.28M
Shs Float 59.47M Short Float 8.88% Short Ratio 3.39
Short Interest — 52W High 71.22 52W Low 28.61
Beta 1.52 Avg Volume 1.07M Volume 218.33K
Target Price $75.00 Recom None Prev Close $54.13
Price $53.91 Change -0.41%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$75.00
Mean price target
2. Current target
$53.46
Latest analyst target
3. DCF / Fair value
$31.82
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$53.46
Low
$60.00
High
$90.00
Mean
$75.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-30 main Rosenblatt Buy → Buy $70
2026-01-30 main Needham Buy → Buy $70
2026-01-27 main Rosenblatt Buy → Buy $85
2026-01-15 up JP Morgan Neutral → Overweight $90
2025-11-24 reit Needham Buy → Buy $82
2025-10-31 main JP Morgan Neutral → Neutral $75
2025-10-31 main Rosenblatt Buy → Buy $85
2025-10-31 main Needham Buy → Buy $82
2025-09-15 main Roth Capital Buy → Buy $69
2025-07-23 main Rosenblatt Buy → Buy $65
2025-07-22 main Needham Buy → Buy $70
2025-07-22 main Rosenblatt Buy → Buy $65
2025-07-17 main JP Morgan Neutral → Neutral $52
2025-07-15 main Rosenblatt Buy → Buy $56
2025-07-08 init Wolfe Research — → Peer Perform —
2025-06-12 main Rosenblatt Buy → Buy $56
2025-04-23 main JP Morgan Neutral → Neutral $38
2025-04-23 main Rosenblatt Buy → Buy $52
2025-04-23 reit Needham Buy → Buy $53
2025-04-22 reit Needham Buy → Buy $53
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 439 19896 — Stock Award(Grant) at price 45.32 per share. WEENING MICHAEL Chief Executive Officer — 2026-02-13 00:00:00 D
1 439 19896 — Stock Award(Grant) at price 45.32 per share. DUROCHER JOHN Chief Operating Officer — 2026-02-13 00:00:00 D
2 439 19896 — Stock Award(Grant) at price 45.32 per share. SINDELAR CORY JOSEPH Chief Financial Officer — 2026-02-13 00:00:00 D
3 25000 1181690 — Sale at price 46.93 - 47.66 per share. RUSSO CARL E Director and Beneficial Owner of more than 10% of a Class of Security — 2026-02-03 00:00:00 I
4 27000 136350 — Conversion of Exercise of derivative security at price 5.05 per share. SINDELAR CORY JOSEPH Chief Financial Officer — 2026-02-02 00:00:00 D
5 10000 126300 — Conversion of Exercise of derivative security at price 12.63 per share. RUSSO CARL E Director and Beneficial Owner of more than 10% of a Class of Security — 2026-01-07 00:00:00 D
6 10000 126300 — Conversion of Exercise of derivative security at price 12.63 per share. RUSSO CARL E Director and Beneficial Owner of more than 10% of a Class of Security — 2025-11-24 00:00:00 D
7 10000 126300 — Conversion of Exercise of derivative security at price 12.63 per share. RUSSO CARL E Director and Beneficial Owner of more than 10% of a Class of Security — 2025-11-17 00:00:00 D
8 24000 1539240 — Sale at price 64.14 per share. ELENIAK SHANE TODD MARSHALL Officer — 2025-11-10 00:00:00 D
9 24000 192720 — Conversion of Exercise of derivative security at price 8.03 per share. ELENIAK SHANE TODD MARSHALL Officer — 2025-11-10 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.00212.22K
TaxRateForCalcs0.060.160.240.27
NormalizedEBITDA-23.48M42.22M66.92M87.28M
TotalUnusualItems0.000.00786.00K
TotalUnusualItemsExcludingGoodwill0.000.00786.00K
NetIncomeFromContinuingOperationNetMinorityInterest-29.75M29.32M41.01M238.38M
ReconciledDepreciation19.55M16.63M14.31M15.01M
ReconciledCostOfRevenue377.92M521.28M432.40M322.81M
EBITDA-23.48M42.22M66.92M88.07M
EBIT-43.03M25.59M52.61M73.06M
NetInterestIncome12.34M9.70M2.01M-402.00K
InterestExpense402.00K
InterestIncome12.34M9.70M2.01M
NormalizedIncome-29.75M29.32M41.01M237.80M
NetIncomeFromContinuingAndDiscontinuedOperation-29.75M29.32M41.01M238.38M
TotalExpenses874.55M1.01B815.22M606.24M
TotalOperatingIncomeAsReported-43.03M25.59M52.61M73.94M
DilutedAverageShares69.31M65.88M69.32M68.91M
BasicAverageShares66.04M65.88M65.98M65.06M
DilutedEPS0.26-0.450.460.60
BasicEPS0.27-0.450.480.63
DilutedNIAvailtoComStockholders-29.75M29.32M41.01M238.38M
NetIncomeCommonStockholders-29.75M29.32M41.01M238.38M
NetIncome-29.75M29.32M41.01M238.38M
NetIncomeIncludingNoncontrollingInterests-29.75M29.32M41.01M238.38M
NetIncomeContinuousOperations-29.75M29.32M41.01M238.38M
TaxProvision-1.90M5.43M13.03M-165.72M
PretaxIncome-31.65M34.76M54.04M72.65M
OtherIncomeExpense-955.00K-532.00K-577.00K-96.00K
OtherNonOperatingIncomeExpenses-955.00K-532.00K-577.00K-882.00K
SpecialIncomeCharges0.000.00786.00K
ImpairmentOfCapitalAssets0.00
RestructuringAndMergernAcquisition0.000.00-786.00K
NetNonOperatingInterestIncomeExpense12.34M9.70M2.01M-402.00K
TotalOtherFinanceCost-9.70M-2.01M
InterestExpenseNonOperating402.00K
InterestIncomeNonOperating12.34M9.70M2.01M
OperatingIncome-43.03M25.59M52.61M73.15M
OperatingExpense496.63M492.73M382.82M283.44M
ResearchAndDevelopment179.87M177.77M131.99M101.75M
SellingGeneralAndAdministration316.76M314.96M250.82M181.69M
SellingAndMarketingExpense217.88M214.56M174.55M125.91M
GeneralAndAdministrativeExpense98.88M100.39M76.28M55.78M
OtherGandA98.88M100.39M76.28M55.78M
GrossProfit453.59M518.32M435.43M356.59M
CostOfRevenue377.92M521.28M432.40M322.81M
TotalRevenue831.52M1.04B867.83M679.39M
OperatingRevenue831.52M1.04B867.83M679.39M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber66.43M65.05M65.73M64.27M
ShareIssued66.43M65.05M65.73M64.27M
TotalDebt8.02M11.56M12.39M15.97M
TangibleBookValue664.76M602.81M563.39M445.37M
InvestedCapital780.94M718.98M679.57M568.43M
WorkingCapital453.59M410.31M381.95M281.11M
NetTangibleAssets664.76M602.81M563.39M445.37M
CapitalLeaseObligations8.02M11.56M12.39M15.97M
CommonStockEquity780.94M718.98M679.57M568.43M
TotalCapitalization780.94M718.98M679.57M568.43M
TotalEquityGrossMinorityInterest780.94M718.98M679.57M568.43M
StockholdersEquity780.94M718.98M679.57M568.43M
GainsLossesNotAffectingRetainedEarnings-612.00K-659.00K-2.47M-320.00K
OtherEquityAdjustments-612.00K-659.00K-2.47M-320.00K
RetainedEarnings-390.13M-360.38M-389.70M-430.71M
AdditionalPaidInCapital1.17B1.08B1.07B997.86M
CapitalStock1.66M1.63M1.64M1.61M
CommonStock1.66M1.63M1.64M1.61M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest158.33M222.88M205.27M173.60M
TotalNonCurrentLiabilitiesNetMinorityInterest27.18M35.24M39.85M45.47M
OtherNonCurrentLiabilities2.58M2.96M6.33M11.08M
NonCurrentDeferredLiabilities20.88M24.86M25.07M22.02M
NonCurrentDeferredRevenue20.88M24.86M25.07M22.02M
LongTermDebtAndCapitalLeaseObligation3.72M7.42M8.44M12.38M
LongTermCapitalLeaseObligation3.72M7.42M8.44M12.38M
CurrentLiabilities131.14M187.64M165.42M128.14M
CurrentDeferredLiabilities31.63M42.64M39.19M32.22M
CurrentDeferredRevenue31.63M42.64M39.19M32.22M
CurrentDebtAndCapitalLeaseObligation4.30M4.14M3.95M3.60M
CurrentCapitalLeaseObligation4.30M4.14M3.95M3.60M
CurrentDebt4.73M
OtherCurrentBorrowings4.73M
PensionandOtherPostRetirementBenefitPlansCurrent36.00M36.74M27.81M23.16M
PayablesAndAccruedExpenses59.20M104.12M94.47M69.16M
CurrentAccruedExpenses33.93M65.06M48.48M35.84M
Payables25.27M39.06M45.99M33.31M
TotalTaxPayable5.05M4.32M4.58M4.25M
AccountsPayable20.23M34.75M41.41M29.06M
TotalAssets939.27M941.87M884.84M742.03M
TotalNonCurrentAssets354.53M343.91M337.46M332.79M
OtherNonCurrentAssets23.39M21.32M19.14M6.80M
NonCurrentDeferredAssets177.60M167.69M167.03M168.96M
NonCurrentDeferredTaxesAssets177.60M167.69M167.03M168.96M
GoodwillAndOtherIntangibleAssets116.17M116.17M116.17M123.06M
OtherIntangibleAssets4.25M6.88M
Goodwill116.17M116.17M116.17M116.17M
NetPPE37.37M38.72M35.12M33.97M
AccumulatedDepreciation-55.59M-51.38M-44.94M-41.02M
GrossPPE92.96M90.11M80.06M74.99M
Leases2.17M2.12M1.73M1.35M
OtherProperties57.59M50.85M44.11M39.48M
MachineryFurnitureEquipment26.98M27.87M24.94M21.98M
BuildingsAndImprovements6.22M9.26M9.28M12.18M
Properties0.000.000.000.00
CurrentAssets584.74M597.96M547.37M409.25M
OtherCurrentAssets42.98M40.47M23.63M30.81M
PrepaidAssets62.62M78.13M39.06M30.81M
Inventory102.73M132.99M149.16M88.88M
FinishedGoods80.99M110.87M148.52M88.75M
RawMaterials21.73M22.12M640.00K130.00K
Receivables79.32M126.03M93.80M85.22M
AccountsReceivable79.32M126.03M93.80M85.22M
AllowanceForDoubtfulAccountsReceivable-311.00K-304.00K-397.00K-725.00K
GrossAccountsReceivable79.63M126.33M94.20M85.94M
CashCashEquivalentsAndShortTermInvestments297.09M220.35M241.72M204.34M
OtherShortTermInvestments253.93M156.94M162.64M153.00M
CashAndCashEquivalents43.16M63.41M79.07M51.33M
CashEquivalents22.50M45.37M39.88M24.89M
CashFinancial20.66M18.04M39.19M26.44M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow50.35M38.40M13.12M46.33M
RepurchaseOfCapitalStock-10.70M-86.40M0.000.00
RepaymentOfDebt0.000.00
IssuanceOfDebt0.000.00
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-18.05M-17.86M-14.07M-10.46M
InterestPaidSupplementalData0.00253.00K577.00K631.00K
IncomeTaxPaidSupplementalData5.88M11.87M9.61M5.20M
EndCashPosition43.16M63.41M79.07M51.33M
BeginningCashPosition63.41M79.07M51.33M80.81M
EffectOfExchangeRateChanges-14.00K256.00K-424.00K11.00K
ChangesInCash-20.23M-15.92M28.16M-29.48M
FinancingCashFlow20.90M-65.93M25.06M24.38M
CashFlowFromContinuingFinancingActivities20.90M-65.93M25.06M24.38M
NetOtherFinancingCharges-11.68M-2.39M-1.24M
ProceedsFromStockOptionExercised31.59M32.15M27.46M25.62M
NetCommonStockIssuance-10.70M-86.40M0.000.00
CommonStockPayments-10.70M-86.40M0.000.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt0.000.00
NetShortTermDebtIssuance0.000.00
ShortTermDebtPayments0.000.00
ShortTermDebtIssuance0.000.00
InvestingCashFlow-109.53M-6.25M-24.08M-110.66M
CashFlowFromContinuingInvestingActivities-109.53M-6.25M-24.08M-110.66M
NetInvestmentPurchaseAndSale-91.48M11.61M-10.02M-100.20M
SaleOfInvestment210.20M227.80M181.39M197.89M
PurchaseOfInvestment-301.68M-216.19M-191.40M-298.09M
NetPPEPurchaseAndSale-18.05M-17.86M-14.07M-10.46M
PurchaseOfPPE-18.05M-17.86M-14.07M-10.46M
OperatingCashFlow68.40M56.25M27.18M56.79M
CashFlowFromContinuingOperatingActivities68.40M56.25M27.18M56.79M
ChangeInWorkingCapital23.09M-47.62M-73.75M-52.40M
ChangeInOtherWorkingCapital-13.90M2.92M9.12M10.40M
ChangeInOtherCurrentLiabilities-4.08M-4.40M-8.68M-2.61M
ChangeInPayablesAndAccruedExpense-47.06M30.70M33.03M19.30M
ChangeInAccruedExpense-31.93M37.07M20.92M3.27M
ChangeInPayable-15.14M-6.37M12.11M16.02M
ChangeInAccountPayable-15.14M-6.37M12.11M16.02M
ChangeInPrepaidAssets11.17M-60.80M-38.36M-27.07M
ChangeInInventory30.26M16.18M-60.28M-36.61M
ChangeInReceivables46.71M-32.22M-8.59M-15.80M
ChangesInAccountReceivables46.71M-32.22M-8.59M-15.80M
StockBasedCompensation70.76M62.77M44.83M24.23M
AmortizationOfSecurities-5.29M-4.20M-1.15M0.00
DeferredTax-9.97M-660.00K1.93M-168.43M
DeferredIncomeTax-9.97M-660.00K1.93M-168.43M
DepreciationAmortizationDepletion19.55M16.63M14.31M15.01M
DepreciationAndAmortization19.55M16.63M14.31M15.01M
NetIncomeFromContinuingOperations-29.75M29.32M41.01M238.38M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CALX
Date User Asset Broker Type Position Size Entry Price Patterns