$39.23

+0.81 (+2.11%)

Weekly Expected Move ±8.7%

$33 $36 $40 $43 $47

NYSE · Technology · Software - Application · Alpha Radar Strong Sell · Power 34 · $2.5B mcap · 58M float · 1.64% daily turnover · Short 58% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

39.8 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 5.2% · 5Y Avg: 25.9%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. CALX has No discernible competitive edge (39.8/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. ROIC of 5.2% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$62

Low

$62

Avg Target

$62

High

Based on 1 analyst since Apr 21, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 15Hold: 5Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$62.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-04-23	Needham	—	$82	$62	-20	+45.4%	$42.65
2026-01-30	Craig-Hallum	—	$75	$60	-15	+28.2%	$46.81
2025-10-31	Needham	—	$45	$82	+37	+18.5%	$69.17
2025-10-31	Craig-Hallum	—	$41	$75	+34	+8.4%	$69.18
2025-10-31	UBS	Tim Savageaux	Initiated	$75	—	+8.4%	$69.18
2025-10-30	Roth Capital	—	$50	$85	+35	+24.9%	$68.04
2025-04-22	Roth Capital	—	$72	$50	-22	+32.9%	$37.61
2024-10-29	Needham	Ryan Koontz	$88	$45	-43	+14.0%	$39.47
2024-10-03	Rosenblatt Securities	Mike Genovese	$35	$45	+10	+20.1%	$37.48
2024-04-24	Jefferies	George Notter	$90	$30	-60	+6.2%	$28.25
2024-04-24	Craig-Hallum	Christian Schwab	Initiated	$41	—	+45.9%	$28.11
2024-04-23	Rosenblatt Securities	Mike Genovese	$75	$35	-40	+18.4%	$29.56
2023-04-24	Roth Capital	Roth MKM Ratings	Initiated	$72	—	+49.9%	$48.02
2023-02-06	Rosenblatt Securities	—	$65	$75	+10	+42.9%	$52.48
2023-01-12	Jefferies	George Notter	$69	$90	+21	+50.4%	$59.85
2023-01-12	Needham	Ryan Koontz	$70	$88	+18	+47.0%	$59.85
2022-10-25	Needham	Ryan Koontz	$63	$70	+7	-1.1%	$70.75
2022-09-06	Northland Securities	Tim Savageaux	Initiated	$65	—	+12.7%	$57.66
2022-07-27	Rosenblatt Securities	—	Initiated	$65	—	+29.0%	$50.38
2022-07-26	Barrington	Christopher Howe	Initiated	$67	—	+35.1%	$49.61
2022-07-26	Needham	Ryan Koontz	$60	$63	+3	+26.3%	$49.87
2022-04-27	Jefferies	George Notter	Initiated	$69	—	+81.1%	$38.09
2022-04-27	Needham	—	Initiated	$60	—	+57.5%	$38.09

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. CALX receives an overall rating of B. Strongest factors: ROA (4/5), D/E (4/5). Areas of concern: P/E (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-04-30	B-	B
2026-03-24	B	B-
2026-03-16	B-	B
2026-03-12	B	B-
2026-03-02	B-	B
2026-02-04	C+	B-
2026-01-12	C-	C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 72 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

100

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. CALX scores highest in Safety (100/100) and lowest in Profitability (30/100). An overall grade of A places CALX among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

11.18

Safe Zone

Piotroski F-Score

8/9

✓ ✓ ✓ ✓ ✓ ✗ ✓ ✓ ✓

Beneish M-Score

-2.68

Unlikely Manipulator

Ohlson O-Score

-11.15

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA+

Score: 91.9/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 3.91x

Accruals: -9.9%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. CALX scores 11.18, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. CALX scores 8/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. CALX's score of -2.68 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. CALX's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. CALX receives an estimated rating of AA+ (score: 91.9/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). CALX's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

75.95x

PEG

0.04x

P/S

2.36x

P/B

3.49x

P/FCF

30.22x

P/OCF

24.91x

EV/EBITDA

48.72x

EV/Revenue

2.77x

EV/EBIT

62.67x

EV/FCF

26.90x

Earnings Yield

1.03%

FCF Yield

3.31%

Shareholder Yield

6.81%

Graham Number

$12.34

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 75.9x earnings, CALX is priced for high growth expectations. Graham's intrinsic value formula yields $12.34 per share, 218% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.647

NI / EBT

Interest Burden

1.119

EBT / EBIT

EBIT Margin

0.044

EBIT / Rev

Asset Turnover

1.061

Rev / Assets

Equity Multiplier

1.218

Assets / Equity

ROE

4.1%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. CALX's ROE of 4.1% is driven by Asset Turnover (1.061), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$4.39

Price/Value

11.45x

Margin of Safety

-1045.21%

Premium

1045.21%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with CALX's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. CALX trades at a 1045% premium to its adjusted intrinsic value of $4.39, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 75.9x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$39.22

Median 1Y

$42.65

5th Pctile

$17.34

95th Pctile

$104.87

Ann. Volatility

53.8%

Analyst Target

$62.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Michael Weening President and Chief Executive Officer	$560,000	$—	$10,820,080
J. Matthew Collins Chief Commercial Operations Officer	$84,317	$—	$9,527,039
John Durocher Operating rating Officer	$481,217	$—	$9,338,490
Shane Eleniak Product roduct Officer	$481,217	$—	$9,238,285
Cory Sindelar Financial ancial Officer	$485,975	$—	$8,215,668

CEO Pay Ratio

58:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $10,820,080

Avg Employee Cost (SGA/emp): $185,825

Employees: 1,921

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

1,921

+5.5% YoY

Revenue / Employee

$520,567

Rev: $1,000,010,000

Profit / Employee

$9,310

NI: $17,884,000

SGA / Employee

$185,825

Avg labor cost proxy

R&D / Employee

$99,092

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	39.5%	1.1%	56.2%	53.2%	50.2%	11.5%	6.6%	6.8%	7.1%	7.7%	4.2%	2.8%	0.4%	-2.6%	-4.0%	-4.6%	-3.6%	-1.0%	2.2%	4.1%	4.13%
ROA	23.0%	65.2%	40.8%	38.6%	36.4%	8.4%	5.0%	5.2%	5.5%	5.9%	3.2%	2.2%	0.3%	-2.0%	-3.2%	-3.7%	-2.9%	-0.8%	1.8%	3.4%	3.39%
ROIC	52.7%	1.5%	63.0%	59.9%	56.9%	12.8%	8.7%	8.8%	8.8%	9.2%	4.2%	2.2%	-5.2%	-5.6%	-6.9%	-7.6%	-5.7%	2.0%	2.2%	5.2%	5.18%
ROCE	24.5%	23.5%	11.9%	10.1%	8.4%	8.7%	7.3%	7.3%	7.6%	7.1%	3.4%	1.8%	-1.3%	-4.8%	-5.3%	-5.8%	-4.4%	-0.5%	3.1%	5.2%	5.23%
Gross Margin	53.1%	52.0%	51.7%	49.6%	49.6%	50.2%	51.1%	51.2%	52.3%	53.3%	42.8%	54.2%	54.3%	54.8%	55.0%	55.7%	56.3%	57.3%	57.7%	56.9%	56.89%
Operating Margin	12.2%	10.4%	8.3%	5.3%	4.8%	8.5%	5.3%	4.0%	4.5%	6.0%	-4.6%	-0.9%	-5.7%	-5.4%	-9.1%	-2.8%	0.2%	6.6%	3.4%	4.5%	4.54%
Net Margin	12.1%	1.0%	11.3%	4.4%	3.7%	5.7%	4.9%	3.8%	3.6%	6.4%	-2.5%	0.0%	-4.0%	-2.0%	-8.7%	-2.2%	-0.1%	5.9%	2.6%	4.0%	4.00%
EBITDA Margin	14.3%	12.5%	9.9%	7.5%	6.6%	9.8%	6.8%	5.5%	6.1%	7.7%	-2.9%	1.3%	-3.1%	-3.0%	-6.8%	-0.8%	2.0%	9.4%	4.9%	6.1%	6.10%
FCF Margin	11.3%	9.7%	6.8%	6.1%	3.5%	2.7%	1.5%	1.3%	2.0%	2.8%	3.7%	4.5%	5.3%	5.7%	6.1%	6.3%	8.2%	9.2%	11.6%	10.3%	10.30%
OCF Margin	12.4%	11.1%	8.4%	7.7%	5.1%	4.2%	3.1%	3.0%	3.9%	4.7%	5.4%	6.2%	7.1%	7.6%	8.2%	8.6%	10.1%	11.2%	13.5%	12.5%	12.49%
ROE 3Y Avg	snapshot only																				0.76%
ROE 5Y Avg	snapshot only																				9.65%
ROA 3Y Avg	snapshot only																				0.54%
ROIC 3Y Avg	snapshot only																				1.09%
ROIC Economic	snapshot only																				2.98%
Cash ROA	snapshot only																				12.51%
Cash ROIC	snapshot only																				26.65%
CROIC	snapshot only																				21.97%
NOPAT Margin	snapshot only																				2.43%
Pretax Margin	snapshot only																				4.94%
R&D / Revenue	snapshot only																				18.97%
SGA / Revenue	snapshot only																				34.36%
SBC / Revenue	snapshot only																				6.31%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	36.75	14.08	23.06	12.66	11.19	86.38	116.56	87.92	78.41	66.65	97.32	113.91	931.16	-137.95	-77.22	-66.80	-123.15	-547.82	208.44	97.34	75.950
P/S Ratio	4.84	5.08	8.09	4.07	3.24	5.29	5.51	4.00	3.51	3.13	2.75	2.22	2.44	2.86	2.76	2.80	3.81	4.25	3.73	3.11	2.361
P/B Ratio	11.24	12.19	9.67	5.03	4.19	7.44	7.03	5.50	5.12	4.69	3.97	3.14	3.24	3.53	2.94	2.96	4.24	5.09	4.34	3.84	3.487
P/FCF	42.82	52.42	118.67	66.78	93.83	199.08	364.46	299.43	173.08	110.97	74.33	49.23	46.26	49.75	45.63	44.27	46.28	46.49	32.27	30.22	30.221
P/OCF	38.97	45.77	96.80	52.72	63.05	125.51	175.86	133.75	90.55	67.24	50.74	35.95	34.37	37.39	33.58	32.62	37.63	38.10	27.62	24.91	24.915
EV/EBITDA	32.17	36.05	60.26	34.72	33.15	59.57	68.11	52.61	46.92	44.70	62.66	65.30	231.39	-136.25	-85.51	-71.97	-176.04	264.09	81.38	48.72	48.719
EV/Revenue	4.66	4.91	7.82	3.81	2.99	5.06	5.25	3.77	3.28	2.91	2.54	2.02	2.22	2.62	2.42	2.45	3.48	3.95	3.37	2.77	2.770
EV/EBIT	37.99	42.97	72.62	43.02	42.79	75.74	86.64	66.68	59.38	58.50	103.39	150.55	-221.80	-64.13	-46.66	-43.00	-85.50	-897.16	120.01	62.67	62.673
EV/FCF	41.25	50.66	114.70	62.49	86.60	190.44	347.53	281.62	162.02	103.24	68.89	44.68	42.11	45.66	39.89	38.73	42.24	43.11	29.13	26.90	26.898
Earnings Yield	2.7%	7.1%	4.3%	7.9%	8.9%	1.2%	0.9%	1.1%	1.3%	1.5%	1.0%	0.9%	0.1%	-0.7%	-1.3%	-1.5%	-0.8%	-0.2%	0.5%	1.0%	1.03%
FCF Yield	2.3%	1.9%	0.8%	1.5%	1.1%	0.5%	0.3%	0.3%	0.6%	0.9%	1.3%	2.0%	2.2%	2.0%	2.2%	2.3%	2.2%	2.2%	3.1%	3.3%	3.31%
PEG Ratio	snapshot only																				0.045
Price/Tangible Book	snapshot only																				4.439
EV/OCF	snapshot only																				22.175
EV/Gross Profit	snapshot only																				4.853
Acquirers Multiple	snapshot only																				73.780
Shareholder Yield	snapshot only																				6.81%
Graham Number	snapshot only																				$12.34

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	2.64	2.64	3.19	3.19	3.19	3.19	3.31	3.31	3.31	3.31	3.19	3.19	3.19	3.19	4.46	4.46	4.46	4.46	4.24	4.24	4.236
Quick Ratio	2.12	2.12	2.50	2.50	2.50	2.50	2.41	2.41	2.41	2.41	2.48	2.48	2.48	2.48	3.68	3.68	3.68	3.68	3.42	3.42	3.417
Debt/Equity	0.07	0.07	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.03	0.03	0.030
Net Debt/Equity	-0.41	-0.41	-0.32	-0.32	-0.32	-0.32	-0.33	-0.33	-0.33	-0.33	-0.29	-0.29	-0.29	-0.29	-0.37	-0.37	-0.37	-0.37	-0.42	-0.42	-0.422
Debt/Assets	0.04	0.04	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.024
Debt/EBITDA	0.20	0.21	0.23	0.27	0.31	0.30	0.29	0.29	0.28	0.30	0.27	0.37	1.26	-0.68	-0.34	-0.29	-0.47	0.58	0.62	0.42	0.423
Net Debt/EBITDA	-1.22	-1.25	-2.08	-2.38	-2.77	-2.70	-3.32	-3.33	-3.20	-3.35	-4.95	-6.65	-22.81	12.20	12.31	10.28	16.84	-20.72	-8.77	-6.02	-6.018
Interest Coverage	86.64	117.84	182.03	224.65	325.31	741.85	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity Multiplier	1.52	1.52	1.31	1.31	1.31	1.31	1.30	1.30	1.30	1.30	1.31	1.31	1.31	1.31	1.20	1.20	1.20	1.20	1.23	1.23	1.232
Cash Ratio	snapshot only																				2.377
Cash to Debt	snapshot only																				15.213
FCF to Debt	snapshot only																				4.278
Defensive Interval	snapshot only																				314.8 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	1.75	1.81	1.16	1.20	1.26	1.37	1.07	1.15	1.22	1.25	1.14	1.11	1.04	0.97	0.88	0.88	0.92	0.99	1.00	1.06	1.061
Inventory Turnover	6.72	6.90	4.57	4.82	5.14	5.64	3.63	3.87	4.07	4.11	3.70	3.57	3.32	3.10	3.21	3.15	3.28	3.47	3.65	3.85	3.847
Receivables Turnover	11.24	11.61	8.79	9.08	9.51	10.34	9.70	10.42	11.08	11.39	9.46	9.24	8.67	8.10	8.10	8.04	8.47	9.09	11.19	11.86	11.861
Payables Turnover	25.97	26.66	15.31	16.13	17.21	18.87	12.27	13.09	13.73	13.89	13.69	13.21	12.32	11.47	13.75	13.52	14.07	14.89	13.98	14.73	14.732
DSO	32	31	42	40	38	35	38	35	33	32	39	39	42	45	45	45	43	40	33	31	30.8 days
DIO	54	53	80	76	71	65	100	94	90	89	99	102	110	118	114	116	111	105	100	95	94.9 days
DPO	14	14	24	23	21	19	30	28	27	26	27	28	30	32	27	27	26	25	26	25	24.8 days
Cash Conversion Cycle	73	71	97	93	88	81	108	101	96	95	111	114	122	131	132	134	128	121	106	101	100.9 days
Fixed Asset Turnover	snapshot only																				20.195
Operating Cycle	snapshot only																				125.6 days
Cash Velocity	snapshot only																				2.731
Capital Intensity	snapshot only																				0.999

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	43.0%	37.0%	25.5%	16.7%	13.0%	18.8%	27.7%	32.8%	34.8%	27.5%	19.8%	8.9%	-3.9%	-12.7%	-20.0%	-18.7%	-8.8%	4.9%	20.3%	28.4%	28.38%
Net Income	7.1%	23.6%	6.1%	2.7%	1.5%	-79.8%	-82.8%	-81.2%	-79.2%	-2.3%	-28.5%	-53.3%	-94.4%	-1.4%	-2.0%	-2.7%	-11.8%	60.6%	1.6%	2.0%	1.98%
EPS	6.2%	21.9%	5.8%	2.6%	1.5%	-80.2%	-83.1%	-81.5%	-79.6%	-2.8%	-23.5%	-52.2%	-94.0%	-1.4%	-2.0%	-2.8%	-11.9%	59.7%	1.6%	2.0%	1.98%
FCF	19.8%	3.4%	6.3%	-17.1%	-65.5%	-67.4%	-71.7%	-70.9%	-20.9%	35.3%	1.9%	2.7%	1.5%	77.7%	31.1%	13.9%	42.2%	67.3%	1.3%	1.1%	1.09%
EBITDA	22.4%	2.5%	1.1%	9.9%	-29.7%	-25.9%	-24.1%	-13.4%	4.5%	-2.2%	-36.9%	-53.0%	-86.8%	-1.3%	-1.6%	-1.9%	-2.9%	1.8%	2.8%	3.1%	3.14%
Op. Income	9.0%	5.2%	1.0%	-1.6%	-40.6%	-35.6%	-28.8%	-16.3%	5.1%	-6.4%	-51.4%	-74.2%	-1.2%	-1.7%	-2.7%	-4.5%	-2.7%	80.7%	1.5%	1.8%	1.85%
OCF Growth	snapshot only																				86.65%
Asset Growth	snapshot only																				12.70%
Equity Growth	snapshot only																				10.02%
Debt Growth	snapshot only																				2.18%
Shares Change	snapshot only																				-0.66%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	10.9%	13.2%	15.5%	17.6%	20.6%	24.0%	26.9%	28.8%	29.6%	27.5%	24.3%	19.1%	13.5%	9.8%	7.0%	5.5%	5.7%	5.3%	4.8%	4.3%	4.34%
Revenue 5Y	9.0%	9.3%	8.2%	8.0%	8.2%	9.7%	11.2%	13.6%	15.7%	17.1%	18.7%	18.7%	17.8%	16.2%	14.4%	13.6%	13.8%	13.7%	13.1%	12.0%	11.99%
EPS 3Y	—	—	—	—	—	—	—	—	—	64.1%	-4.1%	-31.6%	-68.9%	—	—	—	—	—	-24.4%	-5.4%	-5.37%
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-13.0%	-10.7%	-10.72%
Net Income 3Y	—	—	—	—	—	—	—	—	—	69.2%	-4.3%	-31.3%	-69.2%	—	—	—	—	—	-24.2%	-7.3%	-7.27%
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-11.8%	-11.1%	-11.11%
EBITDA 3Y	—	—	—	—	—	—	—	2.5%	1.6%	36.7%	-0.2%	-23.5%	-54.0%	—	—	—	—	-41.0%	-14.8%	-3.4%	-3.37%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-11.7%	-0.5%	-3.0%	-3.00%
Gross Profit 3Y	21.9%	21.8%	21.8%	23.2%	25.7%	29.5%	32.3%	34.2%	34.9%	31.6%	24.7%	18.6%	12.4%	8.6%	8.4%	7.8%	9.0%	9.3%	9.3%	8.6%	8.65%
Gross Profit 5Y	11.8%	12.6%	12.1%	13.8%	15.2%	18.1%	20.3%	21.2%	22.0%	22.0%	21.3%	21.5%	20.9%	19.7%	19.3%	18.4%	18.4%	17.6%	16.3%	14.5%	14.48%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	55.2%	-11.4%	-40.3%	—	—	—	—	—	—	-26.4%	-8.9%	-8.94%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-10.6%	-9.1%	-9.07%
FCF 3Y	—	—	—	—	—	—	—	—	78.3%	24.3%	-4.1%	-3.9%	-11.9%	-7.8%	2.8%	6.9%	41.2%	59.0%	1.1%	1.1%	1.06%
FCF 5Y	—	—	26.0%	—	—	—	—	—	—	—	—	—	—	—	—	—	82.4%	41.7%	21.5%	16.1%	16.12%
OCF 3Y	—	—	1.5%	81.9%	1.3%	1.4%	80.1%	64.5%	48.0%	30.1%	3.0%	1.5%	-5.7%	-3.1%	6.4%	9.3%	32.5%	45.7%	70.6%	68.0%	67.98%
OCF 5Y	64.5%	1.3%	18.4%	—	—	—	—	—	—	—	73.7%	47.5%	86.7%	95.6%	71.2%	62.4%	49.3%	37.1%	21.3%	17.1%	17.12%
Assets 3Y	13.1%	13.1%	32.8%	32.8%	32.8%	32.8%	40.8%	40.8%	40.8%	40.8%	30.1%	30.1%	30.1%	30.1%	8.2%	8.2%	8.2%	8.2%	6.2%	6.2%	6.16%
Assets 5Y	5.7%	5.7%	15.9%	15.9%	15.9%	15.9%	24.6%	24.6%	24.6%	24.6%	24.3%	24.3%	24.3%	24.3%	24.3%	24.3%	24.3%	24.3%	19.9%	19.9%	19.89%
Equity 3Y	24.6%	24.6%	55.2%	55.2%	55.2%	55.2%	64.0%	64.0%	64.0%	64.0%	36.9%	36.9%	36.9%	36.9%	11.2%	11.2%	11.2%	11.2%	8.1%	8.1%	8.13%
Book Value 3Y	14.3%	15.3%	42.7%	43.5%	44.2%	44.2%	52.6%	53.0%	53.6%	59.0%	37.2%	36.1%	38.2%	38.1%	12.8%	12.5%	13.2%	13.8%	7.8%	10.3%	10.35%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	0.45	0.53	0.53	0.54	0.54	0.59	0.64	0.73	0.79	0.87	0.93	0.96	0.93	0.86	0.73	0.68	0.70	0.70	0.63	0.60	0.605
Earnings Stability	0.56	0.57	0.63	0.75	0.82	0.49	0.49	0.49	0.49	0.19	0.12	0.10	0.06	0.00	0.02	0.05	0.08	0.23	0.26	0.32	0.323
Margin Stability	0.90	0.91	0.92	0.89	0.87	0.85	0.84	0.86	0.89	0.91	0.94	0.95	0.94	0.93	0.92	0.93	0.93	0.94	0.94	0.94	0.943
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.500
Earn. Growth Consistency	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.500
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.20	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.99	0.89	0.50	0.50	0.20	0.20	0.20	0.20	0.50	0.20	0.20	0.200
Earnings Smoothness	—	0.00	0.00	0.00	0.15	0.00	0.00	0.00	0.00	0.98	0.67	0.27	0.00	—	—	—	—	—	—	—	—
ROE Trend	0.42	0.91	0.42	0.34	0.27	-0.38	-0.21	-0.25	-0.27	-0.41	-0.20	-0.20	-0.22	-0.10	-0.09	-0.09	-0.07	-0.03	0.02	0.05	0.048
Gross Margin Trend	0.07	0.07	0.06	0.04	0.02	0.00	-0.01	-0.01	-0.00	0.01	-0.01	-0.01	-0.00	-0.00	0.05	0.04	0.05	0.05	0.05	0.04	0.044
FCF Margin Trend	0.13	0.10	0.04	0.02	-0.03	-0.04	-0.06	-0.06	-0.05	-0.03	-0.00	0.01	0.03	0.03	0.03	0.03	0.05	0.05	0.07	0.05	0.049
Sustainable Growth Rate	39.5%	1.1%	56.2%	53.2%	50.2%	11.5%	6.6%	6.8%	7.1%	7.7%	4.2%	2.8%	0.4%	—	—	—	—	—	2.2%	4.1%	4.13%
Internal Growth Rate	29.9%	1.9%	68.8%	63.0%	57.3%	9.1%	5.3%	5.5%	5.8%	6.3%	3.3%	2.2%	0.3%	—	—	—	—	—	1.8%	3.5%	3.51%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	0.94	0.31	0.24	0.24	0.18	0.69	0.66	0.66	0.87	0.99	1.92	3.17	27.10	-3.69	-2.30	-2.05	-3.27	-14.38	7.55	3.91	3.907
FCF/OCF	0.91	0.87	0.82	0.79	0.67	0.63	0.48	0.45	0.52	0.61	0.68	0.73	0.74	0.75	0.74	0.74	0.81	0.82	0.86	0.82	0.824
FCF/Net Income	snapshot only																				3.221
OCF/EBITDA	snapshot only																				2.197
CapEx/Revenue	1.1%	1.4%	1.5%	1.6%	1.7%	1.6%	1.6%	1.7%	1.8%	1.8%	1.7%	1.7%	1.8%	1.9%	2.2%	2.3%	1.9%	2.0%	1.9%	2.2%	2.19%
CapEx/Depreciation	snapshot only																				1.733
Accruals Ratio	0.01	0.45	0.31	0.29	0.30	0.03	0.02	0.02	0.01	0.00	-0.03	-0.05	-0.07	-0.09	-0.10	-0.11	-0.12	-0.12	-0.12	-0.10	-0.099
Sloan Accruals	snapshot only																				0.061
Cash Flow Adequacy	snapshot only																				5.695
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	0.0%	0.0%	0.00%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.8%	22.6%	88.6%	2.9%	4.5%	32.1%	—	—	—	—	—	5.2%	6.6%	6.63%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	1.3%	3.0%	3.9%	3.4%	1.9%	0.5%	2.0%	2.4%	2.1%	2.5%	6.8%	6.81%
Net Buyback Yield	-2.6%	-2.4%	-0.5%	-0.8%	-1.1%	-0.7%	-0.6%	-0.9%	-0.4%	0.8%	2.4%	3.7%	3.0%	1.1%	-0.2%	1.4%	1.7%	1.8%	1.5%	5.1%	5.06%
Total Shareholder Return	-2.6%	-2.4%	-0.5%	-0.8%	-1.1%	-0.7%	-0.6%	-0.9%	-0.4%	0.8%	2.4%	3.7%	3.0%	1.1%	-0.2%	1.4%	1.7%	1.8%	1.5%	5.1%	5.06%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.99	2.92	3.28	3.66	4.20	0.91	0.76	0.76	0.74	0.83	0.84	0.83	2.76	0.74	0.94	0.99	1.17	-1.41	0.52	0.65	0.647
Interest Burden (EBT/EBIT)	1.08	1.08	0.99	0.99	0.99	1.01	1.03	1.06	1.10	1.14	1.36	1.75	-0.09	0.69	0.74	0.75	0.65	-1.25	1.22	1.12	1.119
EBIT Margin	0.12	0.11	0.11	0.09	0.07	0.07	0.06	0.06	0.06	0.05	0.02	0.01	-0.01	-0.04	-0.05	-0.06	-0.04	-0.00	0.03	0.04	0.044
Asset Turnover	1.75	1.81	1.16	1.20	1.26	1.37	1.07	1.15	1.22	1.25	1.14	1.11	1.04	0.97	0.88	0.88	0.92	0.99	1.00	1.06	1.061
Equity Multiplier	1.71	1.71	1.38	1.38	1.38	1.38	1.30	1.30	1.30	1.30	1.31	1.31	1.31	1.31	1.25	1.25	1.25	1.25	1.22	1.22	1.218

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$1.27	$3.57	$3.47	$3.30	$3.12	$0.71	$0.59	$0.61	$0.64	$0.69	$0.45	$0.29	$0.04	$-0.28	$-0.45	$-0.52	$-0.42	$-0.11	$0.25	$0.52	$0.52
Book Value/Share	$4.14	$4.13	$8.27	$8.31	$8.34	$8.22	$9.73	$9.75	$9.76	$9.77	$11.01	$10.55	$10.95	$10.88	$11.85	$11.83	$12.10	$12.10	$12.20	$13.10	$11.25
Tangible Book/Share	$2.29	$2.28	$6.48	$6.51	$6.53	$6.44	$8.06	$8.08	$8.09	$8.10	$9.23	$8.85	$9.18	$9.12	$10.09	$10.07	$10.30	$10.30	$10.55	$11.33	$11.33
Revenue/Share	$9.63	$9.91	$9.88	$10.27	$10.79	$11.56	$12.42	$13.38	$14.24	$14.65	$15.91	$14.91	$14.51	$13.47	$12.62	$12.50	$13.47	$14.47	$14.20	$16.16	$16.16
FCF/Share	$1.09	$0.96	$0.67	$0.63	$0.37	$0.31	$0.19	$0.18	$0.29	$0.41	$0.59	$0.67	$0.77	$0.77	$0.76	$0.79	$1.11	$1.32	$1.64	$1.66	$1.66
OCF/Share	$1.20	$1.10	$0.83	$0.79	$0.55	$0.49	$0.39	$0.40	$0.55	$0.68	$0.86	$0.92	$1.03	$1.03	$1.04	$1.07	$1.36	$1.62	$1.92	$2.02	$2.02
Cash/Share	$1.98	$1.97	$2.97	$2.99	$3.00	$2.95	$3.46	$3.47	$3.47	$3.47	$3.37	$3.23	$3.35	$3.33	$4.51	$4.50	$4.60	$4.60	$5.51	$5.92	$3.71
EBITDA/Share	$1.39	$1.35	$1.28	$1.13	$0.97	$0.98	$0.96	$0.96	$1.00	$0.95	$0.65	$0.46	$0.14	$-0.26	$-0.36	$-0.43	$-0.27	$0.22	$0.59	$0.92	$0.92
Debt/Share	$0.28	$0.28	$0.30	$0.30	$0.30	$0.30	$0.28	$0.28	$0.28	$0.28	$0.18	$0.17	$0.18	$0.17	$0.12	$0.12	$0.12	$0.12	$0.36	$0.39	$0.39
Net Debt/Share	$-1.70	$-1.69	$-2.67	$-2.68	$-2.69	$-2.65	$-3.18	$-3.19	$-3.19	$-3.19	$-3.20	$-3.06	$-3.18	$-3.16	$-4.39	$-4.38	$-4.48	$-4.48	$-5.15	$-5.53	$-5.53

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	11.183
Altman Z-Prime	snapshot only																				19.800
Piotroski F-Score	7	7	5	5	5	4	5	6	6	6	6	7	6	5	4	5	5	7	7	8	8
Beneish M-Score	-2.09	-0.31	-0.89	-0.91	-0.89	-1.86	-2.26	-2.30	-2.36	-2.44	-2.23	-2.39	-2.37	-2.48	-3.50	-3.37	-3.30	-3.22	-2.77	-2.68	-2.684
Ohlson O-Score	snapshot only																				-11.150
ROIC (Greenblatt)	snapshot only																				8.06%
Net-Net WC	snapshot only																				$7.50
EVA	snapshot only																				$-23932153.20

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				AA+
Credit Score	95.07	95.15	95.15	95.42	95.20	95.84	93.00	92.56	92.07	92.07	92.13	91.97	76.94	77.56	77.53	77.01	77.28	77.31	91.95	91.89	91.888
Credit Grade	snapshot only																				2
Credit Trend	snapshot only																				14.875
Implied Spread (bps)	snapshot only																				65.000
Industry Credit Rank	snapshot only																				84
Sector Credit Rank	snapshot only																				82

CALX NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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