CALIX NETWORKS INC (CALX)
Information Technology · Broadband access platforms and managed services · NYSE
Calix provides an AI-powered cloud and software platform that helps broadband service providers simplify operations and drive subscriber growth through enhanced digital experiences.
What CALIX NETWORKS INC does
Calix develops and markets platform, cloud, and managed services powered by agentic AI that enable communication service providers (CSPs) to transform their businesses into communication experience providers (CXPs). The company offers an integrated stack combining the Calix Agent Workforce, intelligent appliances, software, and SmartLife managed services, along with professional guidance through Calix Customer Success. Calix serves approximately 1,600 active customers globally, ranging from regional providers to major service providers, enabling them to simplify operations, innovate subscriber experiences, and grow revenue while reducing costs.
Themes: broadband infrastructure, cloud services, AI infrastructure, subscriber management software, fiber optics, network automation
Fundamentals
- Price$36.08 as of 2026-10-20 close
- Market cap$2.3B as of 2026-07-13 (share count; price 2026-10-20)
- 1-year return-40.0% 2025-10-20 close $60.13 → 2026-10-20 close $36.08
- P/E47.47 as of 2026-10-20
- Net margin+1.8% FY2025, SEC XBRL
- Gross margin+56.8% FY2025, SEC XBRL
- ROE+2.1% FY2025, SEC XBRL
- ROICn/a No figure: its filing tags none of the debt lines we read, which is not evidence of zero debt.
- Debt / equityn/a No figure: its filing tags none of the debt lines we read, which is not evidence of zero debt.
- Revenue growth (YoY)+20.3% FY2025, SEC XBRL
- Revenue CAGR (3y)+4.8% SEC XBRL
- Beta1.13 as of 2026-09-03
- Last reported earnings2026-07-20 SEC EDGAR Form 8-K (Item 2.02)
How CALX compares in its sector
- price-to-earnings ratiomiddle range 231 covered Information Technology peers, as of 2026-10-20
- net profit marginmiddle range 379 covered Information Technology peers, as of 2026-09-03
- operating marginmiddle range 374 covered Information Technology peers, as of 2026-09-03
- gross marginmiddle range 310 covered Information Technology peers, as of 2026-09-03
- return on equitymiddle range 369 covered Information Technology peers, as of 2026-09-03
- 3-year revenue CAGRmiddle range 383 covered Information Technology peers
- free cash flow (absolute dollars, latest fiscal year)middle range 380 covered Information Technology peers, as of FY2025
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
CALX is not currently in any published Top 10 list. Its scores are below.
Top 10 score
36.5 #1149 of 1,265 scored · #170 of 191 in Information Technology
Growth 61st (revenue growth year over year 20.3%, 3-year revenue CAGR 4.8%) and financial health 54th (free cash flow margin 11.6%); weakest is capital return (16th, net share count bought back over the year -5.2, consecutive years of dividend increases 0 years).
Scores as of 20 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Quarterly results
| Quarter | Revenue | Gross profit | Operating income | Net income | Diluted EPS | Operating cash flow | Capex |
|---|---|---|---|---|---|---|---|
| Q2 FY2026 2026-06-27 | $293M | $160M | $22M | $17M | $0.26 | $17M† | $5M† |
| Q1 FY2026 2026-03-28 | $280M | $159M | $13M | $11M | $0.16 | $15M | $8M |
| Q4 FY2025 2025-12-31 | $272M† | $157M† | $9M† | $7M† | $0.11† | $46M† | $6M† |
| Q3 FY2025 2025-09-27 | $265M | $152M | $17M | $16M | $0.22 | $32M† | $6M† |
| Q2 FY2025 2025-06-28 | $242M | $136M | $391000 | -$199000 | $0.00 | $39M† | $4M† |
| Q1 FY2025 2025-03-29 | $220M | $123M | -$6M | -$5M | -$0.07 | $17M | $4M |
| Q4 FY2024 2024-12-31 | $206M† | $113M† | -$19M† | -$18M† | -$0.27† | $15M† | $5M† |
| Q3 FY2024 2024-09-28 | $201M | $110M | -$11M | -$4M | -$0.06 | $16M† | $3M† |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-06-27
- Cash and equivalents$69M
- Short-term investments$125M
- Total debtnot shown the filing tags none of the debt lines we read — not evidence of zero debt
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How CALIX NETWORKS INC looks technically
CALIX NETWORKS INC (CALX) is trading 16.9% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 177 trading days ago — a "death cross", a bearish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 22 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 52, neither overbought (above 70) nor oversold (below 30). It made a new 20-day high about 8 trading days ago. It is 49.3% below its highest point of the past year.
Trend
7
| Distance from the 200-day | it is trading 16.9% below its 200-day average, the long-term trend line — a long-term downtrend | -16.9% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $36.58 | $36.58 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $43.41 | $43.41 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 11 calendar days ago — the swings before that are what the structure reading is measured on | 11 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 177 trading days ago — a "death cross", a bearish long-term signal | 177 sessions |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 22 (a reading of 25+ marks a strong trend) | 22.1 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 52, neither overbought (above 70) nor oversold (below 30) | 51.7 |
|---|---|---|
| Position in its 14-day range | it is trading around the middle of its 14-day range ($34.03 to $38.46) — its "stochastic" reading is 46 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 46.3 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 14 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $71.22 | $71.22 |
|---|---|---|
| From the 52-week high | it is 49.3% below its 52-week high (its highest price of the past year) | -49.3% |
| Above the 52-week low | it is 11.5% above its 52-week low (its lowest price of the past year) | +11.5% |
| Below the 52-week high | it is 49.3% below its highest point of the past year | 49.3% |
| Since a 20-day breakout | it made a new 20-day high about 8 trading days ago | 8 sessions |
| Since a 55-day breakout | it made a new 55-day low about 18 trading days ago | 18 sessions |
| All-time high | its highest closing price on record is $80.95 (set on 2021-12-31) | $80.95 |
| Given back of the 52-week move | over the past year its closes ranged ($33.14 to $68.42), and it has recovered only a small part of its fall from last year’s high — 8% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $54.94 to $56.07. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 8.3% |
| From the all-time high | it is 55.4% below its all-time high | -55.4% |
| Nearest price level | it is trading 1.4% below a resistance level at $36.59 — a price it turned at four times since 2024-12-16, most recently on 2026-09-16. Since 2024-10-21 it has 4 such levels below the current price and 13 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +1.4% |
| All-time low | its lowest closing price on record is $4.25 (set on 2012-08-02) | $4.25 |
| Above the all-time low | it is 748.9% above its all-time low | +748.9% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 33rd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.16 between its high and its low — about 3.2% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.16 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $32.70 and $37.71 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $32.70 – $35.20 – $37.71 |
| Typical daily range (% of price) | its price moves about 3.2% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.2% |
| Stretch from the 200-day average | it is trading 6.3 daily ranges below its 200-day average price (16.9% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 6.3 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.94× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Price gaps
1
| Gap filled | a 4.2% gap up opened on 2026-10-09 has been "filled" 6 sessions ago — price traded back through the level the gap left behind, and it took 1 session to close | 6 sessions ago |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 1.4 percentage points (the stock gained 2.4% while the market gained 1.0%) | +1.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 9.6 percentage points (the stock lost 5.9% while the market gained 3.6%) | -9.6% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 38.5 percentage points (the stock lost 30.0% while the market gained 8.5%) | -38.5% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 54.6 percentage points (the stock lost 40.0% while the market gained 14.6%) | -54.6% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: MACD momentum is positive — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 2.1% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-14 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 2.1% of the share price. | -2.1% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 15% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $42.63 — a volume-weighted average of daily closes over 198 sessions, not a true tick-by-tick VWAP. | -15.4% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% below the average price paid since it last reported on 2026-07-20 (its 8-K), so the typical buyer over that stretch is under water. That average is $36.46 — a volume-weighted average of daily closes over 66 sessions, not a true tick-by-tick VWAP. | -1.1% |
Price levels it has turned at before
CALX last closed at $36.08 on 2026-10-20. Since 2024-10-21 it has turned at 4 prices below its last close and 13 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $36.59 | Resistance | 1.4% above the last close | turned there four times · 2024-12-16 to 2026-09-16 |
| $34.96 | Support | 3.1% below the last close | turned there twice · 2026-06-26 to 2026-07-31 |
| $34.02 | Support | 5.7% below the last close | turned there five times · 2024-11-25 to 2026-09-10 |
| $38.56 | Resistance | 6.9% above the last close | turned there twice · 2025-01-08 to 2026-10-09 |
| $32.45 | Support | 10.1% below the last close | turned there twice · 2025-04-21 to 2026-09-28 |
| $40.51 | Resistance | 12.3% above the last close | turned there four times · 2024-10-29 to 2026-08-13 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-20.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Trading below the 50-day moving average · Pulled back from the 12-month high · lagging the market · Stretched far below its 200-day average (6+ daily ranges) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-20. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$62.33 range $52.00 – $85.00; median $60.00
Analyst estimates, as of 2026-10-21. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for CALX
- Consensus EPS estimate$0.4113 next reporting period, as of 2026-10-21
- Estimate change, 30 days$0.00 (0.0%) from $0.4113, on 2026-09-16, 35-day window
- Readings revised upward0% of 10 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["High dependency on the speed and willingness of customers to adopt the platform and managed services.","Exposure to revenue fluctuations due to global economic conditions, supply chain challenges, and seasonal buying patterns.","Operational risks related to the development and market acceptance of agentic AI-powered technologies."]
What changed in the latest 10-Q
AI-assisted comparison of CALX's 10-Q filed 2026-07-21 against the prior one filed 2026-04-22.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (filed 2026-07-21) adds the phrase "including tariffs (and certainty related to the enforceability thereof)" when describing global economic and geopolitical events and conditions affecting revenue fluctuations.
- Newer filing (filed 2026-07-21) changes the wording of the Supreme Court ruling sentence to "We did not experience a significant financial impact as a result of the ruling because the majority of our finished goods are exempt from tariffs." The older filing (filed 2026-04-22) stated "The impact of the ruling did not have a significant financial impact because the majority of our finished goods are exempt from tariffs."
- Removed:
- Older filing (filed 2026-04-22) contains the parenthetical "(and certainty related to the enforceability thereof)" which does not appear in the newer filing (filed 2026-07-21).
- Reworded:
- In the older filing (filed 2026-04-22), the revenue fluctuations paragraph lists "including tariffs, trade controls, inflation..." while the newer filing (filed 2026-07-21) adds "(and certainty related to the enforceability thereof)" after "tariffs".
- In the older filing (filed 2026-04-22), the sentence reads "The impact of the ruling did not have a significant financial impact because the majority of our finished goods are exempt from tariffs." In the newer filing (filed 2026-07-21), the sentence reads "We did not experience a significant financial impact as a result of the ruling because the majority of our finished goods are exempt from tariffs."
- Notes:
- The provided newer MD&A text appears to end mid-sentence with "Cost of revenue a" and the older MD&A text appears to end mid-sentence with "Cost of revenue also includes fixed expenses related to our internal operations, w", so the comparison may be incomplete if there were later changes in the section.
Risk Factors
- Added:
- Newer filing filed 2026-07-21 expands the third-party vendor risk bullet to mention 'component prices volatility' and states that shortages 'have in the past, currently are, and may in the future adversely affect' gross margin and results of operations, and that mitigation strategies may be of limited or temporary value.
- Newer filing filed 2026-07-21 adds '(and uncertainty related to the enforceability thereof)' to the tariffs risk bullet.
- Newer filing filed 2026-07-21 expands the gross margin fluctuations risk bullet to specify 'we expect continued fluctuations as memory component costs, advance-purchased supply depletion, surcharge recovery, customer and product mix, and cloud costs evolve'.
- Newer filing filed 2026-07-21 adds a final bullet under Government and Regulatory Risks: 'Our customers are subject to government regulation, and changes in current or future laws or regulations that negatively impact our customers could harm our business.'
- Reworded:
- Newer filing filed 2026-07-21 changes 'materially dependent upon third-party vendors; certain factors such as component shortages that affect our business as a result of those dependencies have and could continue to disrupt our business' to 'dependence on third-party vendors; component prices volatility and shortages...' in the third-party vendor risk bullet.
- Newer filing filed 2026-07-21 changes 'data privacy, security and platform and technology regulation laws, regulations and standards' to 'data privacy, security and platform and technology laws, regulations, rules and industry standards and other requirements relating to the processing of personal information' in the data privacy risk bullet.
- Newer filing filed 2026-07-21 changes 'expose us to increased liability' to 'impact our business, operations, and expose us to increased liability' in the data privacy risk bullet.
- Notes:
- The newer filing text appears truncated at the end ('Our custome'), so changes after that point cannot be compared.
- The older filing text appears truncated at the end ('an investmen'), so the full older text beyond that point is not available for comparison.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 1 open-market sale by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-16. The 5 days since 2026-10-16 have not been checked yet.
- Last 90 days · read to 2026-10-160 buys · 1 sell ($3M) — 1 selling insider
- Last 180 days · read to 2026-10-160 buys · 3 sells ($4M) — 1 selling insider
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-07-27. Based on Form 4 filings read through 2026-10-16; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about CALX's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding CALX as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 17,996,898
- Reported value $671,630,482
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 5 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about CALX's institutional holders → See what each manager we track holds →
Short interest (FINRA)
CALX had 5,331,659 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
CALX had 8.47% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.33 days to cover at the same settlement.
- Reported short interest (shares) 5,331,659
- Short interest (% of shares outstanding) 8.47%
- Prior settlement (shares) 5,580,340
- Reported change -4.46%
- Days to cover (reported) 4.33
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Adtran (ADTN)
- Ciena (CIEN)
- Nokia (NOK)
- CommScope (COMM)
- Juniper Networks (JNPR)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does CALIX NETWORKS INC (CALX) do?
Calix develops and markets platform, cloud, and managed services powered by agentic AI that enable communication service providers (CSPs) to transform their businesses into communication experience providers (CXPs). The company offers an integrated stack combining the Calix Agent Workforce, intelligent appliances, software, and SmartLife managed services, along with professional guidance through Calix Customer Success.
What sector is CALIX NETWORKS INC (CALX) in?
CALIX NETWORKS INC (CALX) is classified in the Information Technology sector. Its industry is Broadband access platforms and managed services. It trades on NYSE.
Who are CALIX NETWORKS INC's (CALX) competitors?
Notable peers of CALIX NETWORKS INC (CALX) include Adtran, Ciena, Nokia, CommScope and Juniper Networks. This peer set is informational only — not financial advice.
Is CALIX NETWORKS INC (CALX) overbought or oversold right now?
CALIX NETWORKS INC (CALX) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 52, in the neutral middle (as of 2026-10-20). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on CALX come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-20.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.