CALX
Calix, Inc. Technology - Networking Equipment Investor Relations →
Calix, Inc. (CALX) closed at $50.31 as of 2026-03-20, trading 8.8% above its 200-week moving average of $46.23. The stock is currently moving closer to the line, down from 9.6% last week. The 14-week RSI sits at 46, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.34 ratio) is neutral — neither side is clearly dominating.
Over the past 786 weeks of data, CALX has crossed below its 200-week moving average 12 times. On average, these episodes lasted 37 weeks. Historically, investors who bought CALX at the start of these episodes saw an average one-year return of +43.6%.
With a market cap of $3.3 billion, CALX is a mid-cap stock. The company generates a free cash flow yield of 3.5%. Return on equity stands at 2.2%. The stock trades at 3.9x book value.
Share count has increased 2.1% over three years, indicating dilution.
Over the past 15.2 years, a hypothetical investment of $100 in CALX would have grown to $256, compared to $638 for the S&P 500. CALX has returned 6.4% annualized vs 13.0% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 106.5% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: CALX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CALX Crosses Below the Line?
Across 12 historical episodes, buying CALX when it crossed below its 200-week moving average produced an average return of +39.4% after 12 months (median +3.0%), compared to +19.1% for the S&P 500 over the same periods. 55% of those episodes were profitable after one year. After 24 months, the average return was +133.3% vs +40.0% for the index.
Each line shows $100 invested at the moment CALX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
CALX has crossed below its 200-week MA 12 times with an average 1-year return of +43.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Aug 2011 | Jul 2013 | 101 | 64.8% | -70.3% | +236.1% |
| Oct 2013 | Oct 2014 | 52 | 31.1% | +9.6% | +410.2% |
| Dec 2014 | Oct 2015 | 44 | 20.2% | -23.9% | +392.8% |
| Oct 2015 | Jun 2018 | 136 | 41.1% | -8.4% | +619.7% |
| Jul 2018 | Aug 2018 | 4 | 6.8% | -7.5% | +613.6% |
| Oct 2018 | Oct 2018 | 3 | 1.6% | -10.2% | +599.7% |
| Apr 2019 | Oct 2019 | 28 | 18.8% | +8.0% | +630.2% |
| Mar 2020 | Apr 2020 | 4 | 15.3% | +566.4% | +622.8% |
| Oct 2023 | Dec 2023 | 6 | 19.9% | +16.2% | +53.8% |
| Jan 2024 | Jan 2024 | 1 | 0.5% | -14.3% | +18.8% |
| Jan 2024 | May 2025 | 68 | 36.5% | +14.1% | +44.7% |
| Jan 2026 | Feb 2026 | 1 | 2.3% | N/A | +12.6% |
| Average | 37 | — | +43.6% | — |
Frequently Asked Questions
Is CALX below its 200-week moving average?
No. Calix, Inc. (CALX) is currently 8.8% above its 200-week moving average of $46.23. It would need to fall to $46.23 to cross below the line.
What is CALX's 200-week moving average price?
Calix, Inc.'s 200-week moving average is $46.23 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when CALX drops below its 200-week moving average?
CALX has crossed below its 200-week moving average 12 times in our data. On average, buying at that moment produced a one-year return of +43.6%. These dips have historically been decent entry points. These episodes lasted 37 weeks on average.
Is CALX a good value right now?
Here's what our data says about CALX as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 46. Free cash flow yield is 3.5%. Return on equity is 2.2%. Price-to-book is 3.9x. This is not a buy or sell recommendation — always do your own research.
How does CALX compare to the S&P 500?
Over the past 15.2 years, $100 invested in CALX would have grown to $256, compared to $638 for the S&P 500. That's 6.4% annualized vs 13.0% for the index. CALX has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20