5 Best Performing Cybersecurity Stocks in 2022

2. Calix, Inc. (NYSE:CALX)

Performance in 2022: +40%

Calix, Inc. (NYSE:CALX) is a telecom and IT company which is known for its security system especially designed to protect smart homes from external attacks and hacking attempts. The system is called ProtectIQ. Calix, Inc. (NYSE:CALX) won 2022 Global InfoSec Award for the “Best in Anti-Phishing, Network Security & Management” category with ProtectIQ.

In October 2022, Calix, Inc. (NYSE:CALX) jumped after the company posted a 28% increase in Calix Marketing Cloud customers on a year-over-year basis. Calix, Inc. (NYSE:CALX) said that Q3 was a record quarter for its EXOS platform as its revenue jumped 81% on a YoY basis.

A total of 24 hedge funds tracked by Insider Monkey reported having stakes in Calix, Inc. (NYSE:CALX) as of the end of the September quarter. The total value of these stakes was $451 million.

For the fourth quarter of 2022, Calix, Inc. (NYSE:CALX) said it expects its revenue to total between $237 million – $243 million vs. consensus of $220.9 million.

Carillon Tower Advisers made the following comment about Calix, Inc. (NYSE:CALX) in its Q3 2022 investor letter:

“Another strong performer during Q3 was Calix, Inc. (NYSE:CALX). Calix stock rebounded sharply in the quarter after reporting stellar earnings. They offer next-gen fiber broadband solutions to telecommunication companies primarily for rural markets. The broadband buildout in rural markets is still in the early innings, and the company’s subscription model offers great visibility going forward.”