CALX
the council passes — AVOIDCalix, Inc·Industrials
The quality and the price don't line up.
52/100C
Price at last run$37.84as of Jul 8, 2026
quality large-capStrong gross margins57% gross margin.
Generates real cash4.7% free-cash-flow yield — profits you can actually bank.
GrowingRevenue growing ~20%.
Catalystnone yet
✕Why not
The honest case against — what most tools hideMain riskvaluation stretched
Demanding valuationTrading at ~146× earnings — little room for error.
Quality concernReturns on capital are below what we want to own.
Falling knifeDown 45% from its 1-year high — momentum is against it.
What keeps us out
- Paying up here — we'd want a better entry price.
- Growth slowing while the multiple stays rich.
Patience price & distance
as of Jul 8, 2026 runThe patience price is where value discipline would let the council in — deliberately strict: we'd rather miss ten winners than own one loser.
Catalyst
none yet
A catalyst is a plausible reason the gap could close — never a certainty.