Over the last few months, I have been waiting for Calix, Inc. (NYSE: CALX ) stock to drop steeply or flatline, but neither of those things has happened. In fact, the stock is up nearly 50% since I initiatedI’m Emmanuel Onwusah—a financial analyst, writer, and recovering engineer. I hold FMVA® and BIDA® certifications from the Corporate Finance Institute, and I spend most of my time creating pitch decks, building models, analyzing companies, and trying to make sense of where value meets narrative. My backgro ...