CALX
TechnologyCalix, Inc. · Software - Application · $3B
What is Calix, Inc.?
Calix, Inc. is a technology company headquartered in San Jose, California, focused on cloud and software platforms for broadband service providers. Its solutions help BSPs modernize their networks, engage subscribers, and grow revenue through data-driven insights.
Calix generates revenue by selling cloud platforms, software, and network systems to broadband service providers across the United States and internationally. Its platforms enable BSPs to manage subscriber experiences, target new services, and streamline network operations. The company sells through a direct sales force and resellers, with an increasing emphasis on recurring cloud-based subscriptions rather than one-time hardware transactions.
Calix was incorporated in 1999 and is headquartered in San Jose, California.
- Calix Cloud — role-based analytics platform for BSP marketing, support, and operations
- EXOS — carrier-class premises operating system for residential and business subscribers
- AXOS — software platform for access edge network architecture and operations
- GigaSpire systems — integrated hardware ready for subscriber experience deployment
- Mobile application tools enabling BSPs to target new revenue-generating services
Is CALX a Good Stock to Buy?
UQS Score rates CALX as Below Average overall.
The most notable bright spot in Calix's profile is its Risk pillar, which ranks as Strong — suggesting the company carries a relatively manageable risk profile compared to many mid-cap technology peers. Its Growth and Valuation pillars both sit at Neutral, indicating neither a compelling growth story nor an obviously stretched price at this time.
Both the Quality and Moat pillars are rated Weak, pointing to meaningful questions around business durability and the strength of competitive advantages that protect long-term returns.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CALX pay dividends?
No — Calix, Inc. does not currently pay a dividend.
Calix does not currently pay a dividend. As a growth-oriented technology company, Calix reinvests available capital into expanding its cloud platform capabilities and growing its broadband service provider customer base. Investors seeking income from this position would need to look elsewhere, as the company's capital allocation priority remains product development and market expansion.
When does CALX report earnings?
Calix reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Calix's quarterly results tend to reflect the pace of cloud platform adoption among broadband service providers and shifts in hardware demand. The transition toward recurring software revenue has been a key narrative thread across recent reporting periods.
For the most recent quarter's results and guidance, visit Calix's investor relations page directly.
CALX Price History
+12.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Calix, Inc.?
Based on Calix, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CALX Long-term Outlook
Calix's fundamental outlook is shaped by a Neutral Growth profile and a Strong Risk rating. The company is navigating a transition from hardware-centric revenue toward cloud subscriptions, which could support more predictable revenue over time. However, Weak Quality and Moat ratings suggest the path to durable, high-return growth remains uncertain. The Neutral Valuation label indicates the market is neither pricing in a dramatic recovery nor a steep discount.
Growth drivers
- Continued cloud platform adoption among broadband service providers seeking subscriber analytics
- Expansion of recurring software subscription revenue reducing hardware dependency
- International market growth across Americas, EMEA, and Asia Pacific regions
Key risks
- Weak Moat rating signals limited pricing power and vulnerability to competitive displacement
- Weak Quality pillar raises questions about return on capital and earnings consistency
- Broadband infrastructure spending cycles can create lumpy, unpredictable hardware demand
CALX vs Peers
Calix operates in the broader technology software space alongside companies that, while serving different end markets, compete for similar investor attention in the mid-cap growth segment.
Dave focuses on consumer fintech services rather than broadband infrastructure, targeting underserved banking customers through a mobile-first platform.
Workiva provides cloud-based compliance and reporting software to enterprises, competing in a different vertical but sharing the recurring SaaS revenue model.
monday.com offers a broad work management platform serving businesses globally, with a larger addressable market and stronger brand recognition than Calix.
Frequently Asked Questions
What does Calix do?
Calix provides cloud platforms, software, and network systems to broadband service providers. Its tools help BSPs manage subscriber experiences, run targeted marketing campaigns, and operate their networks more efficiently. The company serves customers across the United States and in international markets including Europe, the Middle East, Africa, and Asia Pacific.
Does CALX pay dividends?
No, Calix does not currently pay a dividend. The company reinvests capital into growing its cloud platform and expanding its broadband service provider customer base. Investors focused on dividend income would need to consider other options.
When does CALX report earnings?
Calix reports financial results on a quarterly cadence, as is standard for US-listed companies. For exact dates and the most recent results, check Calix's official investor relations page, which is updated each quarter.
Is CALX a good stock to buy?
UQS Score rates CALX as Below Average, reflecting Weak Quality and Moat pillars alongside a Strong Risk rating and Neutral Growth and Valuation. This profile suggests meaningful structural concerns alongside some stability. The complete pillar breakdown is available to UQS Pro members.
Is CALX overvalued?
The UQS Valuation pillar for CALX is rated Neutral, suggesting the stock is neither clearly expensive nor obviously cheap relative to its fundamentals. Investors should weigh this alongside the Weak Quality and Moat ratings when forming a view. Full valuation metrics are available in the Pro analysis.
How does CALX compare to its competitors?
Calix occupies a niche in broadband infrastructure software, which differs from broader enterprise SaaS peers. Its focus on BSP-specific cloud analytics and network operating systems gives it a specialized positioning, though its Weak Moat rating suggests this specialization has not yet translated into a strongly defensible competitive position.
What is CALX's market cap bracket?
Calix is classified as a mid-cap company. This places it in a segment of the market that can offer growth potential beyond large-caps while carrying more risk than mega-cap technology peers. Mid-cap stocks often experience higher volatility tied to business execution.
Who founded Calix?
Calix was incorporated in 1999. Details about its founding team are publicly available through the company's official history and filings. The company has evolved significantly since its early days, shifting its focus toward cloud-based platforms for broadband service providers.
Is CALX a long-term quality investment?
As a long-term quality indicator, CALX's UQS profile raises caution. Weak Quality and Moat pillars suggest the business has not yet demonstrated the durable competitive advantages typically associated with high-quality long-term holdings. The Strong Risk rating offers some reassurance, but the overall score is Below Average.
What is the main competitive advantage of Calix?
Calix's primary differentiation lies in its integrated cloud platform tailored specifically for broadband service providers — combining subscriber analytics, network operations, and marketing tools in one ecosystem. However, the UQS Moat pillar rates this advantage as Weak, indicating the market sees limited structural protection around this positioning.
What sector does CALX belong to?
Calix operates in the Technology sector, specifically within cloud software and network systems for telecommunications infrastructure. Its business model bridges traditional network hardware and modern SaaS-style recurring revenue, placing it at the intersection of telecom and enterprise software.
Is CALX a growth stock or value stock?
Based on UQS pillar labels, CALX shows a Neutral Growth profile and a Neutral Valuation, making it difficult to categorize cleanly as either. It lacks the high-growth premium of a pure growth stock and does not display the deep discount characteristics of a value play. It sits in an in-between zone.
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Pro Analysis
CALX — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 47.7 | 28.7 | 25.0 | 61.8 | 82.4 | 63.7 | -0.1 |
| May 22, 2026 | 47.8 | 28.7 | 25.0 | 61.8 | 82.4 | 64.3 | 0.0 |
| May 21, 2026 | 47.8 | 28.7 | 25.0 | 61.8 | 82.4 | 64.4 | +0.2 |
| May 20, 2026 | 47.6 | 28.7 | 25.0 | 61.8 | 82.4 | 63.3 | 0.0 |
| May 19, 2026 | 47.6 | 28.7 | 25.0 | 61.8 | 82.4 | 63.0 | 0.0 |
| May 16, 2026 | 47.6 | 28.7 | 25.0 | 61.8 | 82.4 | 63.3 | 0.0 |
| May 15, 2026 | 47.6 | 28.7 | 25.0 | 61.8 | 82.4 | 62.9 | 0.0 |
| May 14, 2026 | 47.6 | 28.7 | 25.0 | 61.8 | 82.4 | 62.8 | +0.2 |
| May 13, 2026 | 47.4 | 28.7 | 25.0 | 61.8 | 82.4 | 61.9 | +0.1 |
| May 12, 2026 | 47.3 | 28.7 | 25.0 | 61.8 | 82.4 | 61.2 | 0.0 |
CALX — Pillar Breakdown
Quality
— 28.7/100 (25%)Calix, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 61.8/100 (20%)Calix, Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 82.4/100 (15%)Calix, Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 63.7/100 (15%)Calix, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 25/100 (25%)Calix, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CALX.
Score Composition
Financial Data
More Stock Analysis
How is the CALX UQS Score Calculated?
The UQS (Unified Quality Score) for Calix, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Calix, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Calix, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.