CALX vs EXTR vs ERIC Stock Comparison

Calix, Extreme Networks and Ericsson Lm Telephone Prices as of Oct 27, 2026 Peers: Industry group
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CALX Calix, Inc
$38.33 +15.6% 1M -37.2% 1Y
Market cap
$2.41B
P/E
47.6x
Revenue (TTM)
$1.11B
Div. yield
–
Networking Equipment Technology
2 wins
EXTR Extreme Networks Inc
$23.85 +10.8% 1M +15.0% 1Y
Market cap
$3.13B
P/E
75.2x
Revenue (TTM)
$1.28B
Div. yield
–
Networking Equipment Technology
1 win
ERIC Ericsson Lm Telephone Co
$11.08 +16.3% 1M +17.5% 1Y
Market cap
$37.35B
P/E
18.1x
Revenue (TTM)
$24.56B
Div. yield
2.80%
Networking Equipment Technology
8 wins

Head to Head

11 decided of 12

Ericsson Lm Telephone leads on 8 of the 12 questions below (Ericsson Lm Telephone 8, Calix 2, Extreme Networks 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCALXEXTRERICLeader
Larger companyMarket capitalisation $2.41B $3.13B $37.35B ERIC
Cheaper on earningsLower P/E, profitable companies only 47.6x 75.2x 18.1x ERIC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.7x 17.3x 17.0x ERIC
Faster revenue growthRevenue growth, trailing twelve months +27.8% +12.6% -38.5% CALX
More profitableNet margin, trailing twelve months 4.6% 3.3% 8.3% ERIC
Better return on capitalReturn on invested capital — 19.4% 20.0% ERIC
Less leveragedLower net debt / EBITDA — -0.6x -0.6x ERIC
Higher dividend yieldTrailing dividend yield — — 2.80% –
Better 1-year returnPrice return, last 12 months -37.2% +15.0% +17.5% ERIC
Better 5-year returnAnnualised price return, 5 years -8.8%/yr +19.1%/yr +0.1%/yr EXTR
Less volatileAnnualised volatility, 1 year 41.6% 55.6% 36.5% ERIC
Higher overall scoreMean of the five percentile scores vs peers 76/100 52/100 61/100 CALX

Percentile Scorecard

CALXEXTRERIC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCALXEXTRERIC
Valuation 60 #45 of 112 36 #72 of 112 87 #15 of 112
Growth 82 #20 of 109 42 #64 of 109 47 #58 of 109
Profitability 64 #38 of 104 69 #33 of 104 86 #15 of 104
Financial Health 76 #29 of 116 24 #89 of 116 38 #72 of 116
Shareholder Returns 98 #3 of 81 89 #10 of 81 48 #43 of 81
Overall 76 52 61
  • CALX ranked among 122 companies in Computer Hardware
  • EXTR ranked among 122 companies in Computer Hardware
  • ERIC ranked among 122 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCALXEXTRERICSPY
1 month +15.6%+10.8%+16.3% -0.2%
3 months +3.3%-20.5%+11.1% +3.9%
6 months -8.8%+39.9%-1.9% +8.2%
Year to date -27.6%+43.2%+14.8% +12.9%
1 year -37.2%+15.0%+17.5% +12.3%
3 years +17.2%+16.1%+154.1% +87.4%
3 years, per year +5.4%+5.1%+36.5% +23.3%
5 years -36.9%+139.5%+0.4% +67.9%
5 years, per year -8.8%+19.1%+0.1% +10.9%
10 years +508.4%+470.6%+124.3% +261.1%
10 years, per year +19.8%+19.0%+8.4% +13.7%

Risk

MeasureCALXEXTRERICSPY
Volatility, 1Y 41.6%55.6%36.5% 12.7%
Downside volatility, 1Y 44.0%56.6%36.7% 12.7%
Beta vs S&P 500, 1Y 0.881.561.03 1.00
Return / volatility, 1Y -0.890.270.48 0.97
Max drawdown, 5Y -65.3%-67.2%-65.8% -25.4%
From 52-week high -44.0%-29.2%-19.4% -1.2%
52-week high $68.42$33.71$13.74 $779.14
52-week low $33.15$13.74$9.15 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCALXEXTRERIC
P/E now vs peer median 47.6xmedian 33.2x 75.2xmedian 33.2x 18.1xmedian 33.2x
P/S now vs peer median 2.2xmedian 2.8x 2.4xmedian 2.8x 1.5xmedian 2.8x
EV/EBITDA now vs peer median 28.0xmedian 20.0x 35.8xmedian 20.0x 9.3xmedian 20.0x
P/FCF now vs peer median 28.3xmedian 29.8x 32.9xmedian 29.8x 9.9xmedian 29.8x
P/B now vs peer median 3.4xmedian 3.0x 35.3xmedian 3.0x 3.4xmedian 3.0x
PEG now vs peer median 6.72median 1.17 -3.99median 1.17 0.42median 1.17

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCALXEXTRERIC
Revenue $1.11B $1.28B $24.56B
Gross profit $628.73M $789.14M $11.51B
Operating income $61.25M $62.70M $2.90B
Net income $51.19M $42.12M $2.04B
Free cash flow $85.42M $95.24M $3.76B
R&D $207.99M $233.88M $5.22B
EPS (diluted) $0.78 $0.31 $0.61
Cash & equivalents $68.91M $211.76M $5.11B
Total debt – $163.72M $3.73B
Shares (diluted) 65.51M 134.97M 3.34B
Enterprise value $1.25B $2.28B $14.97B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCALXEXTRERIC
P/E 47.6x 75.2x 18.1x
P/FCF 28.3x 32.9x 9.9x
P/Operating cash flow 22.0x 25.4x 10.8x
P/S 2.2x 2.4x 1.5x
P/B 3.4x 35.3x 3.4x
P/Tangible book 3.4x 36.6x 3.4x
EV/EBITDA 28.0x 35.8x 9.3x
EV/EBIT 36.2x 49.2x 12.2x
EV/Revenue 2.0x 2.4x 1.4x
EV/FCF 26.0x 32.4x 9.4x
EV/Operating cash flow 20.3x 25.0x 10.2x
PEG (3Y EPS CAGR) 6.72 -3.99 0.42

Growth

14 metrics
MetricCALXEXTRERIC
Revenue growth (1Y) 27.8% 12.6% -38.5%
Revenue CAGR (3Y) 3.9% -0.7% -2.0%
Gross profit growth (1Y) 30.3% 11.3% 3.7%
Gross profit CAGR (3Y) 7.4% 1.5% 4.0%
Operating income growth (1Y) 273.3% 269.9% -18.4%
Operating income CAGR (3Y) 3.8% -16.7% 55.0%
Net income growth (1Y) 290.5% 664.1% -18.7%
Net income CAGR (3Y) 4.9% -18.6% 43.4%
EPS growth (1Y) 287.6% 653.0% -17.7%
EPS CAGR (3Y) 7.1% -18.9% 43.1%
Operating cash flow growth (1Y) 24.5% -19.0% 4.3%
Operating cash flow CAGR (3Y) 41.8% -20.9% 44.0%
Free cash flow growth (1Y) 19.4% -25.2% 6.1%
Free cash flow CAGR (3Y) 62.0% -26.0% 34.7%

Profitability

14 metrics
MetricCALXEXTRERIC
Gross margin 56.6% 61.5% 46.8%
EBITDA margin 7.1% 6.7% 15.4%
Operating margin 5.5% 4.9% 11.8%
Pretax margin 6.5% 4.0% 11.2%
Net margin 4.6% 3.3% 8.3%
FCF margin 7.7% 7.4% 15.3%
Operating cash flow margin 9.9% 9.6% 14.0%
Return on equity 7.1% 50.3% 18.7%
Return on assets 5.4% 3.6% 6.8%
Return on invested capital – 19.4% 20.0%
Return on capital employed 8.2% 10.8% 17.8%
Asset turnover 1.2x 1.1x 0.8x
Cash conversion (OCF / net income) 2.1x 2.9x 1.7x
Stock comp / revenue 7.2% 6.9% –

Financial Health

11 metrics
MetricCALXEXTRERIC
Debt / assets – 13.9% 12.4%
Debt / equity – 1.8x 0.3x
Net debt / EBITDA – -0.6x -0.6x
Debt / FCF – 1.7x 1.0x
Liabilities / assets 25.6% 92.5% 63.1%
Equity / assets 74.4% 7.5% 36.9%
Interest coverage – 4.5x –
Current ratio 2.8x 0.9x 1.2x
Quick ratio 1.6x 0.6x 0.8x
Cash ratio 0.9x 0.4x 0.4x
Altman Z-score 7.28 1.87 –

Shareholder Returns

7 metrics
MetricCALXEXTRERIC
Dividend yield – – 2.8%
Net buyback yield 7.9% 2.8% -2.2%
Shareholder yield 7.9% 2.8% 0.6%
Payout ratio (earnings) – – 50.9%
Payout ratio (FCF) – – 27.7%
Dividend growth (1Y) – – -13.4%
Dividend CAGR (3Y) – – -7.7%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCALXEXTRERIC
Forward P/E 23.7xFY2026 17.3xFY2027 17.0xFY2026
EPS, next fiscal year $1.62FY2026 $1.38FY2027 $0.65FY2026
EPS growth, next FY +20.9%FY2026 +30.2%FY2027 -30.9%FY2026
EPS growth, the year after +48.1% +2.9% -3.1%
Revenue, next fiscal year $1.11BFY2026 $1.34BFY2027 $24.16BFY2026
Revenue growth, next FY +11.0%FY2026 +4.5%FY2027 -8.1%FY2026
Revenue growth, the year after +18.8% +21.3% +1.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCALXEXTRERIC
Held by institutions 94.5% 96.7% 9.5%
Institutions holding 288 338 388
Change in shares held, QoQ +0.5% +1.2% +0.4%
Institutions buying 148 181 219
Institutions selling 111 121 110
Buyers to sellers 1.33 1.50 1.99

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CALXEXTRERIC
CALX 1.00 0.29 0.26
EXTR 0.29 1.00 0.25
ERIC 0.26 0.25 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CALX, EXTR and ERIC?

Ericsson Lm Telephone (ERIC) is the largest by market capitalisation: Calix (CALX) $2.41B, Extreme Networks (EXTR) $3.13B, Ericsson Lm Telephone (ERIC) $37.35B.

Which stock is cheaper, CALX, EXTR and ERIC?

Ericsson Lm Telephone (ERIC) trades on the lowest price-to-earnings ratio (Calix (CALX) 47.6x, Extreme Networks (EXTR) 75.2x, Ericsson Lm Telephone (ERIC) 18.1x). On next year's consensus earnings, Ericsson Lm Telephone (ERIC) is cheapest (Calix (CALX) 23.7x, Extreme Networks (EXTR) 17.3x, Ericsson Lm Telephone (ERIC) 17.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Calix (CALX) grew revenue fastest over the trailing twelve months: Calix (CALX) +27.8%, Extreme Networks (EXTR) +12.6%, Ericsson Lm Telephone (ERIC) -38.5%.

Which company is more profitable?

Ericsson Lm Telephone (ERIC) has the highest net margin (Calix (CALX) 4.6%, Extreme Networks (EXTR) 3.3%, Ericsson Lm Telephone (ERIC) 8.3%). On return on invested capital, Ericsson Lm Telephone (ERIC) leads (Extreme Networks (EXTR) 19.4%, Ericsson Lm Telephone (ERIC) 20.0%).

Which stock has performed better?

Over the past year Ericsson Lm Telephone (ERIC) returned the most: Calix (CALX) -37.2%, Extreme Networks (EXTR) +15.0%, Ericsson Lm Telephone (ERIC) +17.5%. Over five years, Extreme Networks (EXTR) compounded fastest (Calix (CALX) -8.8%/yr, Extreme Networks (EXTR) +19.1%/yr, Ericsson Lm Telephone (ERIC) +0.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Ericsson Lm Telephone (ERIC) 2.80%. Calix (CALX) and Extreme Networks (EXTR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ericsson Lm Telephone (ERIC) has been the steadiest (Calix (CALX) 41.6%, Extreme Networks (EXTR) 55.6%, Ericsson Lm Telephone (ERIC) 36.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CALX, EXTR and ERIC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ericsson Lm Telephone (ERIC) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.