Calix, Inc. (CALX) Stock AnalysisCALXCalix, Inc.

Calix, Inc. is an artificial intelligence (AI) platform company. It develops markets and sells platforms, cloud and managed services, which are powered by agentic AI, that enable communications service providers (CSPs) of all types and sizes to transform their businesses. Its Calix One Platform consists of Calix Cloud, which comes in three role-based software as a service (SaaS) application: Calix Engagement Cloud, Calix Operations Cloud and Calix Service Cloud. Its Calix Agent Workforce consists of four agent families: Service Agents, Subscriber Agents, Operations Agents and Marketing Agents. Its SmartLife managed services consist of SmartHome managed services and applications to enhance, operate and secure the connected experience of subscribers in their home; SmartBiz managed services address the business networking and productivity needs of small business owners, and SmartMDU managed services, which provide purpose-built, flexible connectivity solutions for multifamily properties. It operates in the Technology sector (COMMUNICATIONS SERVICES, NEC industry).

Calix Inc (CALX) is a good buy right now due to its strong revenue growth and optimistic analyst outlook. The current price is $36.50, and analysts project a price target of $85, indicating a potential upside of 121%. Additionally, the forward P/E ratio is 14.71, which is attractive compared to its current P/E of 45.74, suggesting that the stock is undervalued relative to its future earnings potential. However, the main risk is the declining gross margin, which fell to 54.59% in Q2 2026 due to rising memory costs, posing challenges to profitability.

6 analysts cover CALX: 2 rate it Buy, 4 Hold and 0 Sell. The average price target is 79.50.