Calix is a Growing Cloud Stock for 2020

CalixCloud Services company Calix Inc. (NYSE: CALX) provides software and platforms used by communications services providers. The company helps improve revenue opportunities for voice, data, and broadband internet companies. As a cloud software developer, the company operates with a high gross profit margin of 45.33%. With a strong revenue stream, Calix is steadily working towards profitability on the bottom line. It currently has an EBITDA margin of -18.10%.

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While revenue was down -3.85% in the previous fiscal year, earnings are still strong. The company has beat analyst earnings estimates in four consecutive quarters. The most bullish analysts see earnings growing by as much as 100% in the current fiscal year. Calix is well-positioned to sustain its business during the Coronavirus Pandemic. Its cloud-based services are uninterrupted by state lockdowns, and the communications companies that Calix serves are considered essential businesses.

Calix is an affordable stock today, and there’s momentum behind it. Metrics are positive in the year to date, and there’s more growth likely to come. It has outperformed its target price of $15.25, and the average analyst rating reported by FactSet is BUY. Investors who are looking to get in on a growing cloud services company at a low price will find value in this pick.

Key Data:

  • 1 Year Price Growth: 82%
  • YTD Price Growth: 50%
  • 3 Month Price Growth: 28%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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