
Calix (CALX) Stock Forecast & Price Target
Calix (CALX) Analyst Ratings
Bulls say
Calix Inc has demonstrated significant growth in its large customer revenue, notably a remarkable 243% year-over-year and 19% quarter-over-quarter increase, driven by heightened demand for its Access Edge platform and network expansions. The company's total remaining performance obligations (RPO) rose by 20% year-over-year, reaching $355 million, indicating strong adoption of its software offerings and solid future revenue visibility through typical three-year contracts. Additionally, Calix has bolstered its financial position with a cash, equivalents, and marketable securities increase of $41 million quarter-over-quarter, totaling $340 million, which supports positive management forecasts for steady revenue growth in the coming years.
Bears say
Calix Inc's cash flow from operations increased significantly year-over-year, yet experienced a notable decline on a quarter-over-quarter basis, raising concerns about the sustainability of its financial performance. The company faces future headwinds, particularly in gross margins due to rising cloud costs and risks associated with slowing consumer spending on broadband amidst a macroeconomic downturn. Additionally, competitive pressures from alternative broadband technologies and increased lead times for service providers potentially create further demand risk, adversely impacting Calix's future market opportunities.
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
Start investing in Calix (CALX)
Order type
Buy in
Order amount
Est. shares
0 shares