
Calix (CALX) Stock Forecast & Price Target
Calix (CALX) Analyst Ratings
Bulls say
Calix Inc. has demonstrated robust financial performance, highlighted by an impressive 243% year-over-year growth in revenue from large customers, attributed primarily to heightened demand for its Access Edge platform and network expansion. The company's total remaining performance obligations (RPO) increased by 20% year-over-year, reflecting strong adoption of its software offerings, while cash and marketable securities rose by $41 million quarter-over-quarter to $340 million. Additionally, the continued growth in customer base using Calix's Experience Edge and Access Edge platforms, along with favorable state approvals for BEAD funding, bolsters a positive outlook for future revenue growth.
Bears say
Calix Inc is experiencing a mixed performance in its financial metrics, as evidenced by its decreased cash conversion cycle and rising cash flow from operations year-over-year, but facing declines on a quarterly basis. The company anticipates gross margin headwinds in the upcoming quarter due to double cloud costs during a transitional phase, alongside concerns regarding macroeconomic conditions potentially leading to reduced consumer spending on broadband and slowing new subscriber connections. Additionally, growth risks are amplified by diminishing revenue from medium-sized customers and anticipated labor supply constraints that could hinder expansion efforts in upcoming years.
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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