Calix (NYSE:CALX) Upgraded at Northland Securities

Northland Securities upgraded shares of Calix (NYSE:CALX) from a market perform rating to an outperform rating in a research report released on Tuesday morning, MarketBeat Ratings reports. The firm currently has $52.00 price objective on the communications equipment provider’s stock. Northland Securities also issued estimates for Calix’s FY2027 earnings at $1.55 EPS.

Several other research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Rosenblatt Securities cut their price target on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday. Needham & Company LLC cut their price target on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. JPMorgan Chase & Co. reduced their price target on shares of Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Finally, Roth Capital restated a “buy” rating on shares of Calix in a research note on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Calix Stock Down 0.4%

CALX stock opened at $35.69 on Tuesday. The business has a 50 day moving average price of $38.36 and a 200 day moving average price of $46.12. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 48.23 and a beta of 1.23. Calix has a fifty-two week low of $34.26 and a fifty-two week high of $71.22.

Calix (NYSE:CALX) last announced 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. The firm had revenue of $293.33 million during the quarter, compared to the consensus estimate of $289.96 million. Calix had a return on equity of 6.17% and a net margin of 4.61%.The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, sell-side analysts anticipate that Calix will post 0.83 EPS for the current year.

Calix announced that its Board of Directors has authorized a stock repurchase program on Tuesday, April 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the communications equipment provider to buy up to 3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, 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 filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by corporate insiders.

Institutional Trading of Calix

A number of hedge funds have recently added to or reduced their stakes in CALX. 4D Advisors LLC acquired a new position in Calix during the fourth quarter worth $6,087,000. GSA Capital Partners LLP lifted its holdings in Calix by 167.0% in the fourth quarter. GSA Capital Partners LLP now owns 53,867 shares of the communications equipment provider’s stock valued at $2,851,000 after acquiring an additional 33,691 shares during the period. Geode Capital Management LLC lifted its holdings in Calix by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock valued at $76,513,000 after acquiring an additional 74,235 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Calix by 397,798.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 350,151 shares of the communications equipment provider’s stock worth $18,533,000 after purchasing an additional 350,063 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of Calix by 129.7% during the 4th quarter. Intech Investment Management LLC now owns 101,074 shares of the communications equipment provider’s stock worth $5,350,000 after purchasing an additional 57,065 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Key Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Investor-focused commentary says Calix could be materially undervalued after reporting record earnings and issuing 2026 guidance, reinforcing the bullish case that the stock may be priced below its growth potential. Calix (CALX) Could Be 46% Undervalued On Record Earnings And 2026 Guidance
• Positive Sentiment: Calix announced that Conexon Connect is adopting Calix Agent Workforce Cloud to scale growth across residential, business, and MDU markets, a sign of continued product traction and customer expansion. Conexon Connect Chooses Calix Agent Workforce Cloud To Advance 79 NPS and Scale Their Go-to-Market Strategy
• Positive Sentiment: Northland Securities reiterated a positive view and raised FY2027 earnings estimates, suggesting analysts see room for earnings growth beyond the current year. Calix analyst estimate update
• Neutral Sentiment: Several market notes highlight ongoing debate around Calix’s post-earnings performance, including concerns about margin pressure even as software gains improve the growth profile. How Investors Are Reacting To Calix (CALX) Record Q2 Software Gains And Ongoing Margin Pressures
• Neutral Sentiment: Analyst actions were mixed, with some target cuts but still constructive ratings, indicating valuation debate rather than a clear deterioration in the business outlook.
• Negative Sentiment: Multiple law firms issued reminders about the July 27 lead-plaintiff deadline in the securities class action against Calix, keeping legal uncertainty in focus and likely weighing on sentiment. CALX IMPORTANT DEADLINE: ROSEN…
• Negative Sentiment: Zacks downgraded Calix to “strong sell,” and other firms lowered price targets, adding pressure on the shares despite upbeat earnings. Calix (NYSE:CALX) Hits New 52-Week Low on Analyst Downgrade

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.