Calix: Great Execution, Full Valuation

Core Insights - Calix, Inc. (NYSE: CALX) was rated a Hold in January due to solid execution and improving gross margins, but faced challenges with slower growth and uneven customer momentum [1] Company Analysis - The business is executing well, with a platform strategy taking shape and gross margins improving [1] - Growth has been slower than expected, indicating potential challenges in maintaining customer momentum [1] Analyst Background - The analyst has a background in petroleum and gas engineering and has transitioned into finance, focusing on technology, infrastructure, and internet services [1] - The analyst emphasizes the importance of strong fundamentals and long-term investment potential [1]