Calix (NYSE:CALX) Issues Q1 2026 Earnings Guidance

Calix (NYSE:CALX) updated its first quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.340-0.400 for the period, compared to the consensus earnings per share estimate of 0.280. The company issued revenue guidance of $275.0 million-$281.0 million, compared to the consensus revenue estimate of $272.1 million.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Calix in a research note on Monday, December 29th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. UBS Group reaffirmed an “outperform” rating and set a $75.00 target price on shares of Calix in a research note on Friday, October 31st. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Calix in a research note on Tuesday. Finally, Zacks Research lowered Calix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Calix has an average rating of “Moderate Buy” and an average price target of $82.00.

Calix Trading Down 5.3%

CALX stock traded down $2.97 during trading on Wednesday, hitting $53.01. 1,394,140 shares of the company’s stock were exchanged, compared to its average volume of 877,091. The business has a 50-day moving average price of $54.72 and a two-hundred day moving average price of $57.82. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -441.70 and a beta of 1.55. Calix has a 52-week low of $28.60 and a 52-week high of $71.22.

Calix (NYSE:CALX) last announced its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.34 by $0.10. The company had revenue of $265.44 million for the quarter, compared to analyst estimates of $246.21 million. Calix had a negative net margin of 0.78% and a negative return on equity of 0.69%. The firm’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. On average, equities research analysts anticipate that Calix will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 420,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total value of $26,917,800.00. Following the completion of the sale, the director directly owned 1,694,188 shares of the company’s stock, valued at $108,580,508.92. This represents a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Cory Sindelar sold 50,000 shares of Calix stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $65.30, for a total value of $3,265,000.00. Following the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,999,041.50. This trade represents a 39.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 530,000 shares of company stock worth $34,099,800 over the last 90 days. Corporate insiders own 16.90% of the company’s stock.

Calix News Roundup

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Management raised Q1 2026 guidance to $0.34–$0.40 EPS (vs. consensus ~$0.28) and revenue guidance to $275.0M–$281.0M (vs. consensus ~$272.1M) — a clear forward-looking beat that supports growth expectations and helped lift the stock after hours.
• Positive Sentiment: Board increased the share repurchase authorization, giving management more flexibility to buy back stock and return capital — a shareholder-friendly move that can support the share price over time. Calix Expands Share Repurchase Authorization
• Positive Sentiment: Top-line beat and solid revenue growth: Q4 revenue rose ~32% YoY to $272.4M, slightly above estimates; gross profit expanded year-over-year and operating cash flow strengthened — these operational beats are bullish for growth narratives. Calix Inc Stock Rises on Q4 2025 Earnings
• Neutral Sentiment: Analyst coverage remains constructive: Rosenblatt reaffirmed a Buy and a $85 target; several firms maintain bullish stances and price targets well above current levels — supportive but already reflected by some investors. Rosenblatt Buy Rating
• Neutral Sentiment: Institutional activity shows heavy rotation: many funds added shares in recent quarters while others trimmed — this high turnover can amplify intraday moves but also indicates continued institutional interest. Quiver Quant Institutional Activity
• Negative Sentiment: Profitability remains a concern: operating profit and net income fell year-over-year, and Calix still shows a negative net margin and negative return on equity — investors may be wary until margins stabilize. Press Release / Financials
• Negative Sentiment: Some third-party breakdowns show mixed EPS details (GAAP diluted EPS and net income down YoY), which can create confusion and short-term selling pressure despite headline beats and stronger guidance. Quiver Earnings Breakdown

Hedge Funds Weigh In On Calix

Several institutional investors have recently bought and sold shares of CALX. Raymond James Financial Inc. acquired a new position in Calix during the second quarter worth about $30,000. NewEdge Advisors LLC purchased a new stake in shares of Calix during the 3rd quarter worth approximately $64,000. Smartleaf Asset Management LLC increased its stake in Calix by 27.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after purchasing an additional 265 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in Calix during the third quarter worth $214,000. Finally, Teza Capital Management LLC purchased a new stake in Calix during the second quarter worth $220,000. 98.14% of the stock is owned by institutional investors and hedge funds.

About Calix

Calix, Inc is a provider of cloud and software platforms, systems, and services that enable broadband service providers to transform their networks and subscriber experiences. The company’s flagship Calix Cloud platform delivers real-time analytics, automation and intelligence designed to simplify network operations, improve service agility and drive revenue growth. Calix also offers a comprehensive suite of premises and access systems, including broadband access nodes, fiber-to-the-home optics and residential gateways under the GigaSpire brand.

Through its software-defined network architecture, Calix helps service providers virtualize key network functions and introduce new services with minimal capital expenditure.