Calix, Inc.

Calix, Inc.

CALXยทNYSE

$38.50

-4.1%
TechnologySoftware - Application

Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services. It provides Calix Cloud platform, a role-based analytics platform comprising Calix Marketing Cloud, Calix Support Cloud, and Calix Operations Cloud, which are configurable to display role-based insights and enable BSPs to anticipate and target new revenue-generating services and applications through mobile application. The company also offers EXOS, a carrier class premises operating system and fully integrated with its GigaSpire family of systems to be ready for deployment as a complete subscriber experience solutions for BSP's residential and business subscribers; and AXOS, a software platform to access edge of the network by its architecture and operations. It offers its products through its direct sales force and resellers. Calix, Inc. was incorporated in 1999 and is headquartered in San Jose, California.

At a Glance

Live Snapshot
Market Cap$2.46B
EPS0.2700
P/E Ratio142.59
Earnings Date07/20/2026
Calix, Inc.

Calix, Inc. Fair Value Envelope

CALX ยท NYSE

Our analysis suggests that CALX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $38.5, this represents a potential HIDDEN relative to our calculated worth for Calix, Inc..

Intrinsic Value
Current Price: $38.5

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$1,191.7B
+ Cash & Equivalents$143.1M
Firm Value$1,191.8B
- Debt$25.5M
Equity Value$1,191.8B
/ Shares Outstanding65,933,549B
DCF Value$18.1K
UNDERVALUED BY 46850%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$269.9M
$539.8M
$1.1B
$2.2B
$4.3B
$8.6B
$17.3B
$34.5B
$69.1B
$138.2B
Maintenance CapEx
-$7.8M
-$15.5M
-$31.1M
-$62.2M
-$124.4M
-$248.8M
-$497.5M
-$995.1M
-$2.0B
-$4.0B
Owner Earnings
$262.1M
$524.3M
$1.0B
$2.1B
$4.2B
$8.4B
$16.8B
$33.6B
$67.1B
$134.2B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$242.7M
$449.5M
$832.4M
$1.5B
$2.9B
$5.3B
$9.8B
$18.1B
$33.6B
$62.2B
Terminal Value represents 88.7% of Enterprise Value