Q3 EPS Estimates for Calix Decreased by Northland Securities

Calix, Inc (NYSE:CALX) – Equities research analysts at Northland Securities dropped their Q3 2026 earnings estimates for Calix in a research report issued on Tuesday, July 21st. Northland Securities analyst T. Savageaux now anticipates that the communications equipment provider will post earnings per share of $0.20 for the quarter, down from their previous estimate of $0.23. Northland Securities has a “Outperform” rating and a $52.00 price target on the stock. The consensus estimate for Calix’s current full-year earnings is $0.83 per share. Northland Securities also issued estimates for Calix’s Q4 2026 earnings at $0.28 EPS and FY2026 earnings at $0.93 EPS.

A number of other research analysts have also recently commented on the company. Weiss Ratings cut Calix from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Rosenblatt Securities cut their target price on Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Calix in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $63.86.

Calix Price Performance

Shares of NYSE CALX opened at $35.69 on Friday. The company has a 50 day simple moving average of $38.36 and a 200-day simple moving average of $46.12. The company has a market capitalization of $2.25 billion, a P/E ratio of 48.23 and a beta of 1.23. Calix has a 1 year low of $34.26 and a 1 year high of $71.22.

Calix (NYSE:CALX) last issued its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Calix had a net margin of 4.61% and a return on equity of 6.17%. The company had revenue of $293.33 million for the quarter, compared to the consensus estimate of $289.96 million. During the same period in the previous year, the firm earned $0.33 earnings per share. Calix’s quarterly revenue was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS.

Calix declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the communications equipment provider to repurchase up to 3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Calix

In other news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $43.26, for a total value of $1,081,500.00. Following the transaction, the director directly owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. This represents a 1.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company’s stock.

Institutional Trading of Calix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of Calix by 11.0% during the first quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock worth $993,000 after buying an additional 2,773 shares during the period. AQR Capital Management LLC raised its holdings in shares of Calix by 304.1% in the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $1,538,000 after buying an additional 33,769 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Calix by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock valued at $6,249,000 after buying an additional 16,905 shares during the period. Intech Investment Management LLC raised its holdings in shares of Calix by 26.8% in the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after buying an additional 6,962 shares during the period. Finally, Amundi lifted its stake in Calix by 16,478.0% during the 2nd quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock worth $518,000 after acquiring an additional 9,722 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Key Stories Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Northland Securities raised its full-year FY2026 EPS estimate for Calix to $0.93 from $0.81, and also lifted its Q4 2026 estimate to $0.28, signaling improved earnings expectations. Northland Securities estimate updates
• Positive Sentiment: Northland reiterated an “Outperform” rating and a $52 price target, suggesting meaningful upside from current levels if execution improves. Northland Securities rating and target
• Positive Sentiment: Calix announced another customer win, with Conexon Connect using Calix Agent Workforce Cloud to expand growth across residential, business, and MDU markets, which supports the company’s AI broadband strategy. Conexon Connect chooses Calix
• Neutral Sentiment: Reports highlighted Calix’s “record earnings” and AI broadband expansion, which may help investor confidence, but these articles were more interpretive than new company disclosures. Rural AI broadband reach article
• Neutral Sentiment: JPMorgan reportedly cut its price target on Calix while keeping an “overweight” view, reinforcing that analysts still like the business but are becoming more cautious on near-term valuation and growth. JPMorgan pessimistic forecast article
• Negative Sentiment: Multiple law firms announced or reminded investors about a securities class action tied to Calix, with a July 27 lead-plaintiff deadline, adding legal uncertainty and potential distraction. Class action deadline article
• Negative Sentiment: Additional commentary said Calix hit a new 52-week low after an analyst downgrade, underscoring persistent bearish pressure on the stock. 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.