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Calix, Inc. (NYSE: CALX) is a global provider of broadband delivery platforms, cloud, software, and managed services that empower communication service providers to innovate and transform their businesses. The company offers solutions that simplify operations, enhance customer engagement, and drive subscriber growth by leveraging real-time insights and machine learning. Calix's offerings include platforms and services that cater to service providers of all sizes, enabling them to increase subscriber acquisition, loyalty, and revenue while reducing operating costs.
- Unlimited Subscriber (formerly Revenue EDGE) - Provides tools and insights to help service providers enhance customer engagement and grow subscriber revenue through personalized experiences and services.
- Intelligent Access - Delivers advanced network solutions that enable service providers to simplify operations and improve network performance for subscribers.
- Platform, Cloud, and Managed Services - Offers cloud-based solutions and managed services that monetize based on subscriber count, driving recurring revenue and higher gross margins while supporting customer operations, marketing, and network management.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Michael Weening ExecutiveBoard | President and Chief Executive Officer | Michael Weening has been serving as President and Chief Executive Officer of Calix since October 2022. Previously, he held multiple leadership roles within Calix and was appointed as a Class I director on May 11, 2023. | View Report → | |
Cory Sindelar Executive | Chief Financial Officer (CFO) and Principal Accounting Officer | Cory Sindelar has served as Calix, Inc.'s Chief Financial Officer (CFO) and Principal Accounting Officer since October 1, 2017. Previously, he served as Interim Chief Financial Officer and Principal Accounting Officer from May 31, 2017 to September 30, 2017. | ||
J. Matthew Collins Executive | Chief Commercial Operations Officer (CCOO) | J. Matthew Collins has been serving as Calix's Chief Commercial Operations Officer (CCOO) since January 2023, overseeing supply chain operations, demand management, and commercial strategy. Previously, he held roles such as Executive Vice President of Commercial Operations and Chief Marketing Officer from September 2021 to December 2022. | ||
Shane Eleniak Executive | Chief Product Officer (CPO) | Shane Eleniak has served as the Chief Product Officer at Calix since January 2023, overseeing all products including appliances, platforms, cloud, and managed services. Previously, he held several senior executive roles at Calix, such as Executive Vice President of Products from September 2021 to December 2022, contributing significantly to the company’s product strategy and innovation. | ||
Carl Russo Board | Chairman of the Board | Carl Russo has led Calix as Chairman of the Board since July 2021. He previously served as CEO from December 2002 until September 2022 and as President from December 2002 to January 2021. | ||
Christopher J. Bowick Board | Independent Director | Principal of The Bowick Group, LLC | Christopher J. Bowick has been an Independent Director at CALX since 2014 and serves as Chairman of the Talent and Compensation Committee. He brings extensive leadership experience from his roles in the technology and telecommunications industries, including prior executive positions at Cox Communications. | |
Eleanor Fields Board | Independent Director | Chief Product and Engineering Officer at Salesloft (since March 2021) | Eleanor Fields is a seasoned technology leader who has served as an Independent Director at Calix, Inc. since January 1, 2023. She brings extensive experience in cloud software and ecosystem development from her leadership roles at Salesloft and Tableau Software. | |
Kathleen Crusco Board | Independent Director | Member of the audit committee at TD Synnex Corporation; Member of the audit committee and Chair of the Nominating, Governance, and Compensation Committees at Duck Creek Technologies LLC | Kathleen Crusco has been an independent director at Calix since 2017 and currently serves as the Chair of the Audit Committee and a member of the Strategic Committee. Previously, she held key financial leadership roles at Price Waterhouse LLP, Polycom, Epicor Software Corporation, and Kony, Inc.. | |
Kevin Peters Board | Lead Independent Director | Advisory services to Accenture; Advisory services to J&L Group; Advisory services to Howe School of Business at Stevens Institute of Technology; Board member at Crandon Lakes Country Club; Board member at Yogi Berra Museum and Learning Center | Kevin Peters has been serving as an independent director at Calix since 2014 and assumed the role of Lead Independent Director in August 2024, while also chairing the Cybersecurity Committee and the Nominating and Corporate Governance Committee. Previously, he built an extensive career at companies such as AT&T, NetNumber Inc., and Titanium Software, demonstrating notable expertise in leadership and governance. | |
Kira Makagon Board | Independent Director | President and Chief Operating Officer at RingCentral, Inc. | Kira Makagon has served as an independent director at CALX since 2017 and is a member of the Cybersecurity and Talent and Compensation committees. She brings extensive global technology and cybersecurity leadership experience, currently serving as President and Chief Operating Officer at RingCentral, Inc. since February 2025. | |
Rajatish Mukherjee Board | Independent Director | Rajatish Mukherjee has been serving as an independent director at Calix since 2022 and is a member of the Cybersecurity and Talent and Compensation committees. He brings over 20 years of experience from his roles at Indeed, GoDaddy, Google, and Microsoft. | ||
Wade Oosterman Board | Independent Director, Chair of the Strategic Committee | President and CEO of Peyden Inc ; Director at Stagwell, Inc. ; Director at Telephone & Data Systems Inc. | Wade Oosterman has over 30 years of leadership experience in telecommunications and currently serves as an Independent Director and Chair of the Strategic Committee at CALX since August 8, 2024. He has held significant executive roles at Bell Canada and TELUS, demonstrating his expertise in strategic transformation and growth. |
- Given your multiyear target of 10%–15% revenue growth and the current sequential increase of 2.6%, what specific operational or market factors do you see that could accelerate growth to meet those higher targets as you exit 2025?
- With the ongoing mix shift toward subscriber systems impacting your gross margins, what concrete strategies and timelines do you have in place to mitigate this pressure while still expanding your subscriber base?
- Since a significant portion of your net new customer wins are competitive takeaways, how do you plan to sustain long-term customer relationships and defend against further competitive erosion in the broadband market?
- Given the normalization of your effective tax rate due to the run-off of prior tax credits, what steps are you taking to offset this headwind and protect your net profitability going forward?
- Considering the varied pace at which customers transition from basic managed services to fully differentiated broadband experience providers, what specific milestones or metrics are you targeting to accelerate this customer maturation process?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
This company is listed as one of the vendors competing in the communications software and systems equipment markets, which are highly competitive and based on factors such as functionality, price, and scalability. | |
This company is identified as a competitor in the markets served by the company, where competition is expected to intensify. | |
This company is mentioned as a competitor in the communications software and systems equipment markets, which are characterized by intense competition. | |
These companies, part of Amazon, are listed as competitors in the communications software and systems equipment markets. | |
This company is noted as a competitor in the highly competitive communications software and systems equipment markets. | |
Huawei Technologies Co., Ltd. | This company is identified as a competitor in the markets served by the company, which are expected to see increasing competition. |
This company, part of Google, is mentioned as a competitor in the communications software and systems equipment markets. | |
This company is listed as a competitor in the markets served by the company, where competition is based on factors like product quality and scalability. | |
Plume Design, Inc. | This company is identified as a competitor in the communications software and systems equipment markets, which are highly competitive. |
This company is mentioned as a competitor in the markets served by the company, which are characterized by intense competition. |
Recent press releases and 8-K filings for CALX.
- GigaSpire deployments and platform cloud/managed services remain central to driving future subscriber growth and value, emphasizing a land-and-expand model.
- Tariff impacts have been mitigated by a 90-day reprieve, with strategic capacity moves to Mexico to optimize transportation and cost dynamics.
- Managed services and cloud adoption are accelerating, with distinct progress noted in Service, Operations, and Engagement Clouds, signaling future margin expansions.
- Government funding programs like BEAD are under close review amid evolving technology rules, with continued focus on minimizing operational disruptions.
- Revenue reached $220 million in Q1 2025, marking a 7% sequential increase and achieving a record non-GAAP gross margin of 56.2%.
- RPO metrics showed marked improvement with total RPOs growing 4% sequentially to $340 million and current RPOs up 6% sequentially to $128 million.
- The company provided Q2 2025 guidance with expected revenue between $221 million and $227 million, representing a 2% sequential growth at the midpoint.
- Additional highlights included strong customer wins, efficient supply chain management, and an increased common stock repurchase program by $100 million.
- Revenue reached $220.2 million in Q1 2025 with a 6.9% sequential gain , achieving a record gross margin and expanding Remaining Performance Obligations to $340 million .
- Calix maintained double-digit free cash flow, repurchased 1.2 million shares, and ended Q1 2025 with $282 million in cash and investments .
- Calix, Inc. announced an additional $100 million increase to its stock repurchase authorization, effective April 2025, boosting the total to $300 million under SEC-compliant procedures .
- Vertical packaging of customer experience solutions was emphasized, prominently featuring smart home and smart business offerings to facilitate branded service provider deployments.
- Discussion on the BEAD program noted its significant size (around $45-50 billion), but executives indicated it has limited impact on Calix compared to other capital sources, with expected delays and eventual acceleration.
- Key operational metrics such as GigaSpire deployment rates and RPO growth were highlighted as leading indicators for revenue and margin expansion moving forward.
- Revenue reached $206 million with 2.6% sequential growth, driven by robust demand for platform cloud and managed services.
- RPOs grew to $326 million (up 10% sequential and 34% YoY), reflecting a diversified base of medium-sized contracts and competitive takeaways.
- The company added 18 new ESP customers and launched managed services for 32 customers, furthering its transition to broadband experience providers.
- Q1 2025 guidance projects revenue between $204 million and $210 million, with non-GAAP gross margins expected to remain flat or slightly improve.
- Calix reported Q4 2024 revenue of $206.1 million, showing a 2.6% sequential increase but a 22% decline compared to the same quarter last year.
- The company achieved record gross margins and maintained its strong balance sheet with double-digit free cash flow for the seventh consecutive quarter.
- New customer engagements were highlighted by the start of the subscriber experience journey for 18 broadband service providers and a 10% quarter-over-quarter increase in RPOs to $325.8 million.