CALX vs VSNT vs EXTR Stock Comparison

Calix, Versant Media and Extreme Networks Prices as of Oct 27, 2026 Peers: Industry group
CALX Calix, Inc
$38.33 +15.6% 1M -37.2% 1Y
Market cap
$2.38B
P/E
46.6x
Revenue (TTM)
$1.11B
Div. yield
–
Networking Equipment Technology
3 wins
EXTR Extreme Networks Inc
$23.85 +10.8% 1M +15.0% 1Y
Market cap
$3.17B
P/E
75.2x
Revenue (TTM)
$1.28B
Div. yield
–
Networking Equipment Technology
2 wins

Head to Head

9 decided of 12

Versant Media leads on 4 of the 12 questions below (Versant Media 4, Calix 3, Extreme Networks 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCALXVSNTEXTRLeader
Larger companyMarket capitalisation $2.38B $4.34B $3.17B VSNT
Cheaper on earningsLower P/E, profitable companies only 46.6x 20.6x 75.2x VSNT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.7x 7.2x 17.3x VSNT
Faster revenue growthRevenue growth, trailing twelve months +27.8% — +12.6% CALX
More profitableNet margin, trailing twelve months 4.6% — 3.3% CALX
Better return on capitalReturn on invested capital — — 19.4% –
Less leveragedLower net debt / EBITDA — — -0.6x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -37.2% — +15.0% EXTR
Better 5-year returnAnnualised price return, 5 years -8.8%/yr — +19.1%/yr EXTR
Less volatileAnnualised volatility, 1 year 41.6% 41.4% 55.6% VSNT
Higher overall scoreMean of the five percentile scores vs peers 76/100 65/100 52/100 CALX

Percentile Scorecard

CALXVSNTEXTR

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

AxisCALXVSNTEXTR
Valuation 60 #45 of 112 81 #11 of 53 36 #72 of 112
Growth 82 #20 of 109 – 42 #64 of 109
Profitability 64 #38 of 104 – 69 #33 of 104
Financial Health 76 #29 of 116 83 #11 of 61 24 #89 of 116
Shareholder Returns 98 #3 of 81 32 #18 of 26 89 #10 of 81
Overall 76 65 52
  • CALX ranked among 122 companies in Computer Hardware
  • VSNT ranked among 61 companies in Advertising and Media
  • EXTR ranked among 122 companies in Computer Hardware

Price Performance

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

Returns

PeriodCALXVSNTEXTRSPY
1 month +15.6%-5.9%+10.8% -0.2%
3 months +3.3%-17.2%-20.5% +3.9%
6 months -8.8%-21.2%+39.9% +8.2%
Year to date -27.6%-31.4%+43.2% +12.9%
1 year -37.2%—+15.0% +12.3%
3 years +17.2%—+16.1% +87.4%
3 years, per year +5.4%—+5.1% +23.3%
5 years -36.9%—+139.5% +67.9%
5 years, per year -8.8%—+19.1% +10.9%
10 years +508.4%—+470.6% +261.1%
10 years, per year +19.8%—+19.0% +13.7%

Risk

MeasureCALXVSNTEXTRSPY
Volatility, 1Y 41.6%41.4%55.6% 12.7%
Downside volatility, 1Y 44.0%46.7%56.6% 12.7%
Beta vs S&P 500, 1Y 0.880.431.56 1.00
Return / volatility, 1Y -0.89—0.27 0.97
Max drawdown, 5Y -65.3%-42.2%-67.2% -25.4%
From 52-week high -44.0%-35.0%-29.2% -1.2%
52-week high $68.42$47.45$33.71 $779.14
52-week low $33.15$27.42$13.74 $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.

MultipleCALXVSNTEXTR
P/E now vs peer median 47.6xmedian 33.2x 20.6xmedian 18.4x 75.2xmedian 33.2x
P/S now vs peer median 2.2xmedian 2.8x 2.6xmedian 0.6x 2.4xmedian 2.8x
EV/EBITDA now vs peer median 28.0xmedian 20.0x —median 10.5x 35.8xmedian 20.0x
P/FCF now vs peer median 28.3xmedian 29.8x —median 9.0x 32.9xmedian 29.8x
P/B now vs peer median 3.4xmedian 3.0x 0.5xmedian 1.5x 35.3xmedian 3.0x
PEG now vs peer median 6.72median 1.17 —median 0.44 -3.99median 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 monthsCALXVSNTEXTR
Revenue $1.11B – $1.28B
Gross profit $628.73M – $789.14M
Operating income $61.25M – $62.70M
Net income $51.19M – $42.12M
Free cash flow $85.42M – $95.24M
R&D $207.99M – $233.88M
EPS (diluted) $0.78 – $0.31
Cash & equivalents $68.91M $1.48B $211.76M
Total debt – $2.95B $163.72M
Shares (diluted) 65.51M 141.30M 134.97M
Enterprise value $1.22B $4.34B $2.32B

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
MetricCALXVSNTEXTR
P/E 47.6x 20.6x 75.2x
P/FCF 28.3x – 32.9x
P/Operating cash flow 22.0x – 25.4x
P/S 2.2x 2.6x 2.4x
P/B 3.4x 0.5x 35.3x
P/Tangible book 3.4x 0.6x 36.6x
EV/EBITDA 28.0x – 35.8x
EV/EBIT 36.2x – 49.2x
EV/Revenue 2.0x – 2.4x
EV/FCF 26.0x – 32.4x
EV/Operating cash flow 20.3x – 25.0x
PEG (3Y EPS CAGR) 6.72 – -3.99

Growth

14 metrics
MetricCALXVSNTEXTR
Revenue growth (1Y) 27.8% – 12.6%
Revenue CAGR (3Y) 3.9% – -0.7%
Gross profit growth (1Y) 30.3% – 11.3%
Gross profit CAGR (3Y) 7.4% – 1.5%
Operating income growth (1Y) 273.3% – 269.9%
Operating income CAGR (3Y) 3.8% – -16.7%
Net income growth (1Y) 290.5% – 664.1%
Net income CAGR (3Y) 4.9% – -18.6%
EPS growth (1Y) 287.6% – 653.0%
EPS CAGR (3Y) 7.1% – -18.9%
Operating cash flow growth (1Y) 24.5% – -19.0%
Operating cash flow CAGR (3Y) 41.8% – -20.9%
Free cash flow growth (1Y) 19.4% – -25.2%
Free cash flow CAGR (3Y) 62.0% – -26.0%

Profitability

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

Financial Health

11 metrics
MetricCALXVSNTEXTR
Debt / assets – 23.2% 13.9%
Debt / equity – 0.4x 1.8x
Net debt / EBITDA – – -0.6x
Debt / FCF – – 1.7x
Liabilities / assets 25.6% 35.4% 92.5%
Equity / assets 74.4% 64.6% 7.5%
Interest coverage – – 4.5x
Current ratio 2.8x 2.4x 0.9x
Quick ratio 1.6x 2.3x 0.6x
Cash ratio 0.9x 1.2x 0.4x
Altman Z-score 7.28 – 1.87

Shareholder Returns

7 metrics
MetricCALXVSNTEXTR
Dividend yield – 3.7% –
Net buyback yield 7.9% – 2.8%
Shareholder yield 7.9% 3.7% 2.8%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusCALXVSNTEXTR
Forward P/E 23.7xFY2026 7.2xFY2026 17.3xFY2027
EPS, next fiscal year $1.62FY2026 $4.28FY2026 $1.38FY2027
EPS growth, next FY +20.9%FY2026 -24.8%FY2026 +30.2%FY2027
EPS growth, the year after +48.1% +64.7% +2.9%
Revenue, next fiscal year $1.11BFY2026 $6.65BFY2026 $1.34BFY2027
Revenue growth, next FY +11.0%FY2026 -0.6%FY2026 +4.5%FY2027
Revenue growth, the year after +18.8% -3.9% +21.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCALXVSNTEXTR
Held by institutions 94.5% 86.7% 96.7%
Institutions holding 288 792 338
Change in shares held, QoQ +0.5% +4.0% +1.2%
Institutions buying 148 302 181
Institutions selling 111 311 121
Buyers to sellers 1.33 0.97 1.50

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.

CALXVSNTEXTR
CALX 1.00 0.05 0.29
VSNT 0.05 1.00 0.07
EXTR 0.29 0.07 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CALX, VSNT and EXTR?

Versant Media (VSNT) is the largest by market capitalisation: Calix (CALX) $2.38B, Versant Media (VSNT) $4.34B, Extreme Networks (EXTR) $3.17B.

Which stock is cheaper, CALX, VSNT and EXTR?

Versant Media (VSNT) trades on the lowest price-to-earnings ratio (Calix (CALX) 46.6x, Versant Media (VSNT) 20.6x, Extreme Networks (EXTR) 75.2x). On next year's consensus earnings, Versant Media (VSNT) is cheapest (Calix (CALX) 23.7x, Versant Media (VSNT) 7.2x, Extreme Networks (EXTR) 17.3x). 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%.

Which company is more profitable?

Calix (CALX) has the highest net margin (Calix (CALX) 4.6%, Extreme Networks (EXTR) 3.3%).

Which stock has performed better?

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

Which stock is riskier?

By one-year price volatility, Versant Media (VSNT) has been the steadiest (Calix (CALX) 41.6%, Versant Media (VSNT) 41.4%, Extreme Networks (EXTR) 55.6%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Versant Media (VSNT) leads on 4. 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.