Stock AnalizCalix, Inc. CALX
Telecommunications Equipment · IPO 2010 · data as of November 13, 2026
Calix, Inc. (CALX) is a consumer discretionary company listed in the US with a market value of about $2.0B. In the twelve months to September 26, 2026 it had revenue of $1.1B and net income of $46M, a net margin of 4.0%.
Its overall Stock Analiz score is 2.0 out of 5 (weak). The strongest part is financial health (5/5); the weakest is value (0/5).
Key numbers: a P/E of 46.6, a price to free cash flow of 32.0, 5-year revenue growth of 13% a year, a 5-year average ROIC of 3%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 47% below the current price.
Score: 2.0 / 5
Checks passed
- Revenue growth above 10% last year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- More cash than debt, or low debt to equity
- Positive free cash flow
- Interest covered more than 5 times
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $832M | $1.0B | $868M | $679M | $541M | $424M | $441M | $510M | $459M |
| Net income | $46M | $18M | -$30M | $29M | $41M | $238M | $33M | -$18M | -$19M | -$83M | -$27M |
| Free cash flow | $62M | $116M | $50M | $38M | $13M | $46M | $44M | -$9M | -$7M | -$71M | $15M |
| EPS (diluted) | $0.69 | $0.26 | $-0.45 | $0.42 | $0.60 | $3.51 | $0.54 | $-0.32 | $-0.37 | $-0.25 | $-0.23 |
| Net margin | 4.0% | 1.8% | -3.6% | 2.8% | 4.7% | 35.1% | 6.2% | -4.2% | -4.4% | -16.3% | -6.0% |
| ROIC | — | 1.3% | -5.1% | 2.9% | 5.8% | 10.0% | 12.2% | -6.0% | -8.0% | -36.8% | -10.4% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 6 analysts is $57.67, 79% above the current price; targets range from $50.00 to $65.00; the consensus rating is “Buy”; expected EPS is $1.75 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Calix’s P/E ratio?
About 46.6, based on the last twelve months of diluted earnings per share (forward P/E about 14.8).
Is Calix stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 47% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Calix pay a dividend?
Not currently.
Is Calix a good stock to buy?
We do not give buy or sell advice. Calix scores 2.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.