Calix Inc. (CALX) -
A technology player focused solely on the infrastructure/access of the broadband landscape, Calix has gone from a name with quite a bit of enthusiasm in it to falling into a definite value proposition. 4th quarter spending from larger customers, who normally flush excess budget monies before fiscal year end with necessary equipment for the new year held off on this to a large extent. This has caused the company's stock price to fall from around $13 to around $7.50 in a matter of four months. Pretty harsh. Needless to say I'm thinking it's overdone, typical market overreaction. You're buying the future of this company at a significant discount right now with a purchase.
Analyst projected 5-year EPS growth of 15%. Stock is trading below 10x EV/projected 2014 NI. It's a value stock with growth and a good industry backdrop. Seemingly hard to go wrong, honestly, but time will tell.