Calix, Inc. - CALX

Update

Prior to COVID, shares of CALX spent close to a decade stuck in the single digits despite coming public with the promise of delivering networking products and services for the untapped small business and residential customer base.  COVID didn’t necessarily change that, but it provided the impetus the company needed.  As companies sent workers home and communities with rudimentary networking systems and small providers were suddenly inundated with customers and traffic, CALX found their moment to shine.  Revenues that were stalled out at around $100M a quarter were suddenly showing 50% year over year gains as a flood of government money helped small providers build out their infrastructures and incentives helped residential and small businesses the means to grow and expand.  The question wasn’t really “if” this would all come to an end, but rather “when” it would all come to an end, and what CALX would look like when it did.