CALIX INC (NYSE:CALX) Combines Strong Technicals and High Growth Momentum

CALIX INC (NYSE:CALX) has been found using a screening process that joins Mark Minervini’s Trend Template with a High Growth Momentum (HGM) rating. This two-part method helps find stocks that are in solid technical uptrends and also show the fundamental growth traits that frequently come before major price gains. The strategy highlights disciplined stock selection, concentrating on companies with quickening earnings, strong sales expansion, and high relative strength, all while trading close to new highs with managed volatility.

CALX shows a notable technical profile that matches Minervini’s Trend Template requirements. The stock is trading above all main moving averages, the 50-day ($53.21), 150-day ($43.77), and 200-day ($41.37), with each average moving up, confirming continued bullish momentum. Its present price of $56.62 sits well above the 52-week low of $28.61, a 98% gain, and is within 5% of its 52-week high of $59.30, showing solid momentum without being overstretched. The relative strength ranking of 90.22 further highlights its market leadership, performing better than 90% of all stocks, a main part of Minervini’s method for finding possible winners.

From a growth viewpoint, CALX fits the High Growth Momentum criteria with several key fundamental positives. Recent quarterly EPS growth jumped by 277.78%, a major speed-up that often draws institutional attention. Even though annual EPS growth shows a drop over the trailing twelve months, the fast improvement in the newest quarter points to a possible turning point. Revenue expansion also got better, with the latest quarter up 22.08% year-over-year, changing earlier quarters of decline. Analysts have increased next-year revenue estimates by 5.46% over the last three months, showing positive sentiment about the company’s future. Also, CALX has exceeded EPS estimates in all of the past four quarters by an average of 38.71%, showing steady better-than-expected results.

The company’s free cash flow expansion of 256% over the past year gives more proof of better operational efficiency and financial condition. These items together place CALX as a candidate fitting for growth-focused investors looking for companies with renewed fundamentals and good earnings momentum.

According to the technical analysis report, CALX has a top-level technical rating of 10, showing very good trend condition, and a setup rating of 7, suggesting a consolidation phase that could provide a good entry chance. Support levels are noted near $54.79 and $50.08, while resistance is around $57.18. The general market condition stays positive, with the S&P 500 displaying good short and long-term trends, which could help high-growth, high-momentum names like CALX. For a complete look at the technical analysis, readers can see the full report here.

Investors wanting to look into similar high-growth, technically good chances can find more screening results through this link.

Disclaimer: This is not investment advice. This article is for informational and educational purposes only. Please conduct your own research and consider your financial situation before making any investment decisions.