Report
Ilya Kundozerov
EUR 101.80 For Business Accounts Only

Calix is on a moderate growth trajectory, while profitability is still a work in progress.

Calix reported a disappointing end to 2016 as the investments in its services organization and new product development negatively impacted the profitability profile of the firm. Rapid growth in the use of low margin professional services for several large customer turn-key projects severely compressed gross margin in the quarter. Large research and development expenses related to new product launches also worsened the operating result of the company and we're not yet convinced that the firm will...
Underlying
Calix Networks

Calix is a provider of cloud and software platforms, systems and software for fiber- and copper-based network architectures. The company is also a provider of software defined access and cloud products focused on access networks and the subscriber. The company's portfolio allows for a range of subscriber services to be provisioned and delivered over a single unified network. The company's access systems can deliver voice and data services, broadband services, mobile broadband, as well as high-definition video and online gaming. The company's premises systems enable communications service providers to manage the smart home and business and provide new services to their device enabled subscribers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Ilya Kundozerov

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