CALX vs XNET vs EXTR Stock Comparison

Calix, Xunlei and Extreme Networks Prices as of Nov 3, 2026 Peers: Industry group
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CALX Calix, Inc
$33.26 -4.4% 1M -50.5% 1Y
Market cap
$2.11B
P/E
46.2x
Revenue (TTM)
$1.15B
Div. yield
–
Networking Equipment Technology
3 wins
XNET Xunlei Ltd
$3.41 -27.6% 1M -60.8% 1Y
Market cap
$218.94M
P/E
–
Revenue (TTM)
$424.54M
Div. yield
–
Content Delivery Networks Technology
1 win
EXTR Extreme Networks Inc
$22.81 -1.3% 1M +21.5% 1Y
Market cap
$2.99B
P/E
57.0x
Revenue (TTM)
$1.31B
Div. yield
–
Networking Equipment Technology
5 wins

Head to Head

9 decided of 12

Extreme Networks leads on 5 of the 12 questions below (Extreme Networks 5, Calix 3, Xunlei 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCALXXNETEXTRLeader
Larger companyMarket capitalisation $2.11B $218.94M $2.99B EXTR
Cheaper on earningsLower P/E, profitable companies only 46.2x -3.1x 57.0x CALX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.5x — 16.5x EXTR
Faster revenue growthRevenue growth, trailing twelve months +22.9% +40.4% +11.3% XNET
More profitableNet margin, trailing twelve months 4.0% -16.9% 4.0% EXTR
Better return on capitalReturn on invested capital — — 23.5% –
Less leveragedLower net debt / EBITDA — — -0.4x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -50.5% -60.8% +21.5% EXTR
Better 5-year returnAnnualised price return, 5 years -14.1%/yr +3.2%/yr +14.7%/yr EXTR
Less volatileAnnualised volatility, 1 year 41.5% 53.0% 53.2% CALX
Higher overall scoreMean of the five percentile scores vs peers 73/100 64/100 58/100 CALX

Percentile Scorecard

CALXXNETEXTR

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

AxisCALXXNETEXTR
Valuation 59 #47 of 112 – 51 #56 of 112
Growth 71 #32 of 108 43 #21 of 36 49 #56 of 108
Profitability 60 #42 of 104 64 #13 of 34 76 #26 of 104
Financial Health 75 #30 of 116 87 #6 of 38 23 #90 of 116
Shareholder Returns 100 #1 of 85 – 91 #9 of 85
Overall 73 64 58
  • CALX ranked among 121 companies in Computer Hardware
  • XNET ranked among 39 companies in Cloud Computing
  • EXTR ranked among 121 companies in Computer Hardware

Price Performance

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

Returns

PeriodCALXXNETEXTRSPY
1 month -4.4%-27.6%-1.3% -2.0%
3 months -15.8%-36.3%-29.5% -2.2%
6 months -27.4%-44.2%-3.8% +4.2%
Year to date -37.2%-51.9%+37.0% +10.6%
1 year -50.5%-60.8%+21.5% +10.4%
3 years -6.5%+127.3%+35.8% +73.6%
3 years, per year -2.2%+31.5%+10.7% +20.2%
5 years -53.2%+16.8%+98.3% +61.6%
5 years, per year -14.1%+3.2%+14.7% +10.1%
10 years +403.9%-28.8%+432.9% +261.3%
10 years, per year +17.6%-3.3%+18.2% +13.7%

Risk

MeasureCALXXNETEXTRSPY
Volatility, 1Y 41.5%53.0%53.2% 12.8%
Downside volatility, 1Y 45.3%58.1%51.5% 12.8%
Beta vs S&P 500, 1Y 0.961.761.62 1.00
Return / volatility, 1Y -1.22-1.150.40 0.81
Max drawdown, 5Y -65.3%-68.7%-67.2% -25.4%
From 52-week high -50.5%-60.8%-32.3% -3.2%
52-week high $67.24$8.71$33.71 $779.14
52-week low $33.15$3.41$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.

MultipleCALXXNETEXTR
P/E now vs peer median 45.6xmedian 30.7x -3.0xmedian 27.1x 57.2xmedian 30.7x
P/S now vs peer median 1.8xmedian 2.6x 0.5xmedian 4.1x 2.3xmedian 2.6x
EV/EBITDA now vs peer median 24.4xmedian 18.9x —median 21.7x 29.6xmedian 18.9x
P/FCF now vs peer median 33.1xmedian 28.0x —median 16.1x 19.5xmedian 28.0x
P/B now vs peer median 2.9xmedian 2.8x —median 3.4x 34.3xmedian 2.8x
PEG now vs peer median 42.89median 1.07 0.03median 0.37 -3.18median 1.07

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 monthsCALXXNETEXTR
Revenue $1.15B $424.54M $1.31B
Gross profit $637.49M $230.55M $813.05M
Operating income $60.39M $5.67M $74.49M
Net income $45.75M $146.48M $52.49M
Free cash flow $62.16M – $154.76M
R&D $215.00M $82.00M $233.95M
EPS (diluted) $0.71 $-1.13 $0.39
Cash & equivalents $55.89M $125.83M $244.52M
Total debt – $56.53M $200.00M
Shares (diluted) 64.45M 63.29M 134.68M
Enterprise value $1.13B -$663.83M $2.11B

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
MetricCALXXNETEXTR
P/E 45.6x -3.0x 57.2x
P/FCF 33.1x – 19.5x
P/Operating cash flow 24.6x – 16.5x
P/S 1.8x 0.5x 2.3x
P/B 2.9x – 34.3x
P/Tangible book 2.9x – 35.3x
EV/EBITDA 24.4x – 29.6x
EV/EBIT 31.5x -1.1x 39.9x
EV/Revenue 1.7x 0.0x 2.3x
EV/FCF 30.6x – 19.2x
EV/Operating cash flow 22.8x – 16.3x
PEG (3Y EPS CAGR) 42.89 0.03 -3.18

Growth

14 metrics
MetricCALXXNETEXTR
Revenue growth (1Y) 22.9% 40.4% 11.3%
Revenue CAGR (3Y) 4.0% 3.0% -1.3%
Gross profit growth (1Y) 21.6% 35.5% 11.7%
Gross profit CAGR (3Y) 6.4% 13.4% 0.5%
Operating income growth (1Y) 958.5% 126.5% 126.0%
Operating income CAGR (3Y) 6.0% -7.0% -16.3%
Net income growth (1Y) 730.9% -79.7% 506.9%
Net income CAGR (3Y) -1.5% 108.8% -17.7%
EPS growth (1Y) 783.2% -110.0% 508.7%
EPS CAGR (3Y) 1.1% -88.7% -18.0%
Operating cash flow growth (1Y) -19.9% – 52.9%
Operating cash flow CAGR (3Y) 20.7% – -12.8%
Free cash flow growth (1Y) -27.3% – 63.2%
Free cash flow CAGR (3Y) 29.3% – -15.9%

Profitability

14 metrics
MetricCALXXNETEXTR
Gross margin 55.6% 54.3% 61.9%
EBITDA margin 6.8% – 7.6%
Operating margin 5.3% 1.3% 5.7%
Pretax margin 6.1% -20.6% 4.7%
Net margin 4.0% -16.9% 4.0%
FCF margin 5.4% – 11.8%
Operating cash flow margin 7.3% – 13.9%
Return on equity 6.5% – 59.4%
Return on assets 4.9% 11.3% 4.2%
Return on invested capital – – 23.5%
Return on capital employed 8.0% 0.5% 12.8%
Asset turnover 1.2x 0.3x 1.1x
Cash conversion (OCF / net income) 1.8x – 3.5x
Stock comp / revenue 7.0% – 6.7%

Financial Health

11 metrics
MetricCALXXNETEXTR
Debt / assets – 4.8% 15.4%
Debt / equity – – 2.3x
Net debt / EBITDA – – -0.4x
Debt / FCF – – 1.3x
Liabilities / assets 24.1% 16.9% 93.2%
Equity / assets 75.9% – 6.8%
Interest coverage – 2.8x 4.9x
Current ratio 3.0x 2.0x 1.0x
Quick ratio 1.5x 1.9x 0.6x
Cash ratio 0.8x 1.7x 0.4x
Altman Z-score 7.03 1.79 1.74

Shareholder Returns

7 metrics
MetricCALXXNETEXTR
Dividend yield – – –
Net buyback yield 12.0% – 3.3%
Shareholder yield 12.0% – 3.3%
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.

ConsensusCALXXNETEXTR
Forward P/E 20.5xFY2026 – 16.5xFY2027
EPS, next fiscal year $1.62FY2026 – $1.38FY2027
EPS growth, next FY +20.9%FY2026 – +30.2%FY2027
EPS growth, the year after +48.1% – +2.9%
Revenue, next fiscal year $1.11BFY2026 – $1.34BFY2027
Revenue growth, next FY +11.0%FY2026 – +4.5%FY2027
Revenue growth, the year after +18.8% – +21.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCALXXNETEXTR
Held by institutions 94.5% 11.0% 96.7%
Institutions holding 290 52 338
Change in shares held, QoQ +0.5% -8.7% +1.2%
Institutions buying 148 35 181
Institutions selling 111 14 121
Buyers to sellers 1.33 2.50 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.

CALXXNETEXTR
CALX 1.00 0.12 0.30
XNET 0.12 1.00 0.13
EXTR 0.30 0.13 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CALX, XNET and EXTR?

Extreme Networks (EXTR) is the largest by market capitalisation: Calix (CALX) $2.11B, Xunlei (XNET) $218.94M, Extreme Networks (EXTR) $2.99B.

Which stock is cheaper, CALX, XNET and EXTR?

Calix (CALX) trades on the lowest price-to-earnings ratio (Calix (CALX) 46.2x, Xunlei (XNET) -3.1x, Extreme Networks (EXTR) 57.0x). On next year's consensus earnings, Extreme Networks (EXTR) is cheapest (Calix (CALX) 20.5x, Extreme Networks (EXTR) 16.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Xunlei (XNET) grew revenue fastest over the trailing twelve months: Calix (CALX) +22.9%, Xunlei (XNET) +40.4%, Extreme Networks (EXTR) +11.3%.

Which company is more profitable?

Extreme Networks (EXTR) has the highest net margin (Calix (CALX) 4.0%, Xunlei (XNET) -16.9%, Extreme Networks (EXTR) 4.0%).

Which stock has performed better?

Over the past year Extreme Networks (EXTR) returned the most: Calix (CALX) -50.5%, Xunlei (XNET) -60.8%, Extreme Networks (EXTR) +21.5%. Over five years, Extreme Networks (EXTR) compounded fastest (Calix (CALX) -14.1%/yr, Xunlei (XNET) +3.2%/yr, Extreme Networks (EXTR) +14.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Calix (CALX) has been the steadiest (Calix (CALX) 41.5%, Xunlei (XNET) 53.0%, Extreme Networks (EXTR) 53.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CALX, XNET 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, Extreme Networks (EXTR) leads on 5. 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.