Calix (NYSE:CALX) Updates Q3 2026 Earnings Guidance

Calix (NYSE:CALX) issued an update on its third quarter 2026 earnings guidance on Monday morning. The company provided EPS guidance of 0.370-0.450 for the period, compared to the consensus EPS estimate of 0.420. The company issued revenue guidance of $301.0 million-$307.0 million, compared to the consensus revenue estimate of $301.8 million.

Calix Stock Down 1.9%

CALX traded down $0.76 during trading on Monday, reaching $38.38. The company’s stock had a trading volume of 1,713,493 shares, compared to its average volume of 1,102,206. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 79.96 and a beta of 1.23. The firm has a fifty day simple moving average of $38.71 and a two-hundred day simple moving average of $46.58. Calix has a 1 year low of $34.86 and a 1 year high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Calix had a return on equity of 4.30% and a net margin of 3.20%.The business had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, equities analysts forecast that Calix will post 0.83 EPS for the current fiscal year.

Calix declared that its board has authorized a share buyback program on Tuesday, April 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

CALX has been the subject of several analyst reports. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday. Rosenblatt Securities reissued a “buy” rating and set a $70.00 price target on shares of Calix in a research report on Wednesday, June 10th. JPMorgan Chase & Co. dropped their price objective on shares of Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings cut shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Finally, Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the completion of the sale, the director owned 1,644,188 shares of the company’s stock, valued at $71,127,572.88. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Calix

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of Calix by 1.0% in the 4th quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock valued at $125,072,000 after buying an additional 23,022 shares during the period. Alliancebernstein L.P. grew its position in Calix by 4.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock valued at $86,515,000 after acquiring an additional 61,247 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Calix by 214.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after purchasing an additional 868,987 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in Calix during the fourth quarter worth about $57,915,000. Finally, Lord Abbett & CO. LLC lifted its position in shares of Calix by 10.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 987,431 shares of the communications equipment provider’s stock worth $52,265,000 after purchasing an additional 91,175 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Company Profile

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.