Calix (CALX) Valuation Check After JPMorgan Upgrade And Broadband Spending Opportunity

Simply Wall St.01-19

Calix (CALX) has moved back into focus after a JPMorgan upgrade highlighted its exposure to increased U.S. broadband infrastructure spending aimed at underserved markets, with upcoming Q4 earnings and...

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Its 1 year total shareholder return of 53.26% points to stronger momentum building over a longer horizon, despite a...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"CALX":"Calix Networks"},"translate_title":"摩根大通升级后Calix(CALX)估值检查和宽带支出机会","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CALX":1.5},"content_text":"Calix (CALX) has moved back into focus after a JPMorgan upgrade highlighted its exposure to increased U.S. broadband infrastructure spending aimed at underserved markets, with upcoming Q4 earnings and an investor day now in sharper view. See our latest analysis for Calix. At a share price of $58.10, Calix has seen a 12.29% 7 day share price return after the JPMorgan upgrade. Its 1 year total shareholder return of 53.26% points to stronger momentum building over a longer horizon, despite a softer 90 day share price return of 3.38%. If Calix’s recent move has you looking across broadband and cloud exposed names, it could be a good moment to scan high growth tech and AI stocks for other ideas in the space. With Calix trading at $58.10, sitting at a 47% discount to one intrinsic value estimate and a 41% discount to one analyst target, you have to ask: is this a genuine opportunity, or is the market already baking in tomorrow’s growth? AdvertisementMost Popular Narrative: 26.9% Undervalued With Calix closing at US$58.10 against a most-followed fair value estimate of US$79.50, the narrative frames the current price as leaving a meaningful gap to its long term potential, backed by detailed growth and profitability assumptions.  The move to a cloud/software-centric, end-to-end platform continues to expand recurring revenue and gross margins. As customers more deeply adopt Calix Cloud and managed services, continued margin improvement and earnings quality should follow, helping to support higher long-term net margins and cash flow.  Read the complete narrative. Curious what kind of revenue climb, margin lift, and future earnings power are baked into that fair value? The narrative leans on bold growth, profitability and valuation multiple assumptions, all run through a discount rate of just over 8%. Want to see exactly how those moving parts line up to support that price gap? Result: Fair Value of $79.50 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this hinges on broadband providers actually adopting Calix’s AI platform at the pace analysts expect, and on customer concentration not turning into lost contracts or more volatile revenue. Find out about the key risks to this Calix narrative. Another Angle On Valuation One complication is that Calix screens as expensive on P/S. At 4.1x sales, it sits above both US Communications peers at 2.1x and the wider industry at 2x, even though the fair ratio sits a bit higher at 4.6x. Is the premium a warning sign, or is it simply reflecting current growth expectations? See what the numbers say about this price — find out in our valuation breakdown. NYSE:CALX P/S Ratio as at Jan 2026 Build Your Own Calix Narrative If you see the numbers differently or prefer to work from your own assumptions, you can stress test the data and build a custom view in minutes: Do it your way. A great starting point for your Calix research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision. Looking for more investment ideas? If Calix has grabbed your attention, do not stop here. There is a wider mix of stocks you can line up quickly using targeted screeners.  Spot early stage opportunities by scanning these 3529 penny stocks with strong financials that already show stronger financial footing than many of their peers. Tap into the AI trend by reviewing these 24 AI penny stocks that bring artificial intelligence into real products and services today. Target price gaps with these 873 undervalued stocks based on cash flows that rank stocks based on cash flow driven valuation checks.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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