Description

Calix, Inc.: Will Their Strategic Focus on Revenue Diversification Pay Off? 

Calix’s second quarter 2024 performance exhibits a company at a critical junction, adapting to changing market dynamics and advancing its strategic objectives. Calix has managed to maintain a stable operational and financial footing, showcasing resilience amid industry-wide challenges. The company reported second-quarter revenue of $198 million, aligning with previously provided guidance. A notable achievement was the record non-GAAP gross margin of 55.1%, a testament to Calix’s successful shift towards higher-margin platform, cloud, and managed services. This transition is supported by a 9% sequential increase in remaining performance obligations (RPOs), which totaled $267 million at the quarter’s end, reflecting both new customer acquisitions and deeper integration within existing relationships.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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