
Calix (CALX) Stock Forecast & Price Target
Calix (CALX) Analyst Ratings
Bulls say
Calix Inc. demonstrated strong financial growth, highlighted by a remarkable 243% year-over-year increase in revenue from large customers, primarily driven by demand for its Access Edge platform and network expansion. The company's total remaining performance obligations (RPO) rose by 20% year-over-year, totaling $355 million, indicating robust adoption of its software platform offerings. Additionally, Calix's cash and equivalents increased by $41 million quarter-over-quarter to $340 million, further bolstering its financial position and supporting management's outlook for sustained revenue growth in the coming years.
Bears say
Calix Inc's cash conversion cycle has improved to 108 days; however, cash flow from operations saw an 18% decline quarter-over-quarter despite a yearly increase, indicating potential volatility in operational efficiency. Furthermore, with medium-sized customer revenue experiencing a significant quarterly drop of 25%, the company faces challenges in sustaining consistent demand amidst macroeconomic pressures that could hinder broadband spending. Additionally, competition from large operators investing in alternative broadband solutions, combined with anticipated labor supply constraints, raises concerns over Calix's market opportunities and growth prospects in the coming quarters.
This aggregate rating is based on analysts' research of Calix and is not a guaranteed prediction by Public.com or investment advice.
Calix (CALX) Analyst Forecast & Price Prediction
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