
Calix (CALX) Stock Forecast & Price Target
Calix (CALX) Analyst Ratings
Bulls say
Calix Inc has demonstrated substantial financial growth, with large customer revenue experiencing a remarkable increase of 243% year-over-year, attributed to heightened demand for its Access Edge platform and network expansion. The company's total Remaining Performance Obligations (RPO) rose by 20% year-over-year to $355 million, indicative of strong adoption of its software platform offerings under multi-year contracts. Additionally, Calix reported a significant boost in cash and marketable securities, rising $41 million quarter-over-quarter to $340 million, signaling robust financial health and operational effectiveness that may support future growth.
Bears say
Calix Inc's financial outlook appears negative due to several fundamental challenges, including a year-over-year increase in cash flow from operations and free cash flow, which were both offset by significant quarter-over-quarter declines of 18% and 25%, respectively. Additionally, the company faces potential headwinds from a slowdown in broadband adoption, competitive pressures from emerging technologies, and macroeconomic uncertainties tied to inflation and rising interest rates, which may curtail consumer spending on broadband services. Furthermore, the slow rollout of the significant BEAD funding initiative poses additional delays for operator deployments, potentially hindering revenue growth and market opportunities for Calix in the fiber sector.
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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