Added to YB: 2026-05-26
Pitch date: 2026-03-18
CALX [bearish]
Calix, Inc.
+21.24%
current return
Author Info
No bio for this author
Company Info
Calix, Inc., together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$2.5B
Pitch Price
$49.81
Price Target
25.50 (-34%)
Dividend
N/A
EV/EBITDA
36.61
P/E
81.63
EV/Sales
2.15
Sector
Communications Equipment
Category
value
Calix, Inc. - $CALX (short)
CALX (short): Trades 30x NTM EBITDA & 40x NTM earnings on FY27e EBITDA $250M vs FY25e $128M. June 2025 BEAD restructuring removed fiber preference, favoring low-cost LEO satellite (SpaceX, Amazon Kuiper) & incumbents (Comcast, AT&T). State-level data shows Calix customer subsidy share dropped 10-50% in stronghold states vs RDOF. Insiders sold $97M post-amendment (7mo) vs $101M prior 14yr combined. Est FY27e EBITDA $272M vs consensus $307M. If FY27 resembles FY25, stock -50%+.
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