Calix, Inc.
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$34.83
Market Price
$34.81
Undervalued By
0.1%
Method: 10-year two-stage FCF DCF: $85.4M TTM FCF base; 12% growth years 1-5; 6% years 6-10; 10% discount rate; 3% terminal growth; -$180.3M net cash; 62.96M shares outstanding.
Reasoning: Calix has transitioned to a subscription software-and-systems platform model for broadband service providers with improving margins and growing recurring revenue, supporting above-market growth; the discount rate reflects telecom-equipment-cycle and customer-concentration risk.