Calix, Inc (CALX) Stock Analysis
Technology · Software - Infrastructure
Sell if holding. Momentum 3.1/10 is below the 5.0 floor at $38.59 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Leverage penalty (D/E 2.0): -1.0; Concentration risk — Supplier: sole-source chipset and ASIC suppliers.
Calix develops broadband platform software, agentic AI cloud services, access-edge hardware, and SmartLife managed services for ~1,600 active communication service providers, primarily in North America. Revenue flows from hardware and platform software sales to small and... Read more
Sell if holding. Momentum 3.1/10 is below the 5.0 floor at $38.59 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Leverage penalty (D/E 2.0): -1.0; Concentration risk — Supplier: sole-source chipset and ASIC suppliers. Chart setup: No clear chart pattern; technical signals are mixed. Score 6.1/10, moderate confidence.
Passes 7/9 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 35d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: aggressive.
About Calix, Inc
About Calix, Inc
Calix served approximately 1,600 active service provider customers as of December 31, 2025, averaging 80 new customer additions per year over the prior five years, with its platform increasingly deployed by service providers targeting more than $40 billion in U.S. federal broadband funding programs. International sales represented 7% of 2025 revenue, predominantly in the Americas and Europe. The company employed 1,921 people globally, with 875 outside the United States, primarily in Canada, China, and India.
Calix generates revenue from sales of hardware appliances—Access Edge network systems and Experience Edge premises Wi-Fi appliances including the GigaSpire and GigaPro families—and cloud software subscriptions across three SaaS modules: Calix Engagement Cloud, Calix Operations Cloud, and Calix Service Cloud. SmartLife managed services (SmartHome, SmartTown, SmartBiz, and SmartMDU) attach recurring revenue streams to deployed premises hardware. The company relies entirely on contract manufacturers and original design manufacturers, largely based in Asia, for hardware production, with no internal manufacturing capability. Key components including chipsets, application-specific integrated circuit processors, and memory are sourced from sole-source or limited-source suppliers, including certain components sourced solely from China. The majority of revenue is non-recurring, and customers have no committed purchase requirements. Competitors include ADTRAN Holdings, Nokia, CommScope, Huawei, Plume Design, and Ubiquiti, among others.
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Calix's hardware production depends entirely on third-party manufacturers—primarily in Asia—with sole-sourced components (certain chipsets, ASIC processors, and memory) creating discrete points of failure. The technology sector is currently experiencing memory component supply constraints driven by reallocation of manufacturing capacity toward global AI infrastructure; the company notes these constraints have elevated costs and extended lead times and may persist for years until new manufacturing capacity is built. Any prolonged disruption to a sole-sourced component could impair the company's ability to fulfill orders across its approximately 1,600 active service provider customers.
See also: Technology · Software - Infrastructure
From Calix, Inc's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-06-15Recent Developments — Calix, Inc
Latest news
- NEWS Calix Expands Share Repurchase Authorization by $100 Million - The Globe and Mail — The Globe and Mail positive
- NEWS Calix (CALX) Shares Experience Significant Decline - GuruFocus — GuruFocus negative
- NEWS Calix (CALX) Sees Significant Drop in Stock Price - GuruFocus — GuruFocus negative
- NEWS Calix (CALX) Q1 2026 Earnings Transcript - The Motley Fool — The Motley Fool neutral
- NEWS Calix (NYSE:CALX) to Repurchase $100.00 million in Outstanding Shares - MarketBeat — MarketBeat positive
Generated 2026-06-15T18:11:46Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHSuppliersole-source chipset and ASIC suppliers10-K Item 1A: 'We are dependent upon sole-source or limited-source suppliers for some key product components such as chipsets... and memory and resistor components'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 3.1/10 is below the 5.0 floor at $38.59 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Leverage penalty (D/E 2.0): -1.0; Concentration risk — Supplier: sole-source chipset and ASIC suppliers. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $35.87. Score 6.1/10, moderate confidence.
Take-profit target: $57.42 (+48.9% upside). Prior stop was $35.87. Stop-loss: $35.87.
Concentration risk — Supplier: sole-source chipset and ASIC suppliers; Leverage penalty (D/E 2.0): -1.0; Negative momentum.
Calix, Inc trades at a P/E of 78.3 (forward 15.3). TrendMatrix value score: 6.7/10. Verdict: Sell.
14 analysts cover CALX with a consensus score of 4.0/5. Average price target: $66.
What does Calix, Inc do?Calix develops broadband platform software, agentic AI cloud services, access-edge hardware, and SmartLife managed...
Calix develops broadband platform software, agentic AI cloud services, access-edge hardware, and SmartLife managed services for ~1,600 active communication service providers, primarily in North America. Revenue flows from hardware and platform software sales to small and mid-sized CSPs, with no single customer exceeding 10% of revenue in 2025. The company employed 1,921 people globally as of December 31, 2025.