Calix (NYSE:CALX) Shares Down 6.8% – Here’s Why

Calix, Inc (NYSE:CALX)’s share price was down 6.8% during mid-day trading on Tuesday. The stock traded as low as $33.48 and last traded at $33.6570. Approximately 685,382 shares were traded during trading, a decline of 37% from the average daily volume of 1,089,663 shares. The stock had previously closed at $36.13.

Key Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported third-quarter adjusted earnings of $0.44 per share, exceeding the consensus estimate of $0.42. Revenue rose 13.7% year over year to $301.7 million, demonstrating continued growth. Calix Q3 earnings beat estimates
• Positive Sentiment: Fourth-quarter EPS guidance of $0.41 to $0.49 is above the $0.40 analyst consensus at the midpoint, suggesting profitability may remain stronger than expected. Calix Q3 revenue rises and issues Q4 guidance
• Neutral Sentiment: Calix forecast fourth-quarter revenue of $311 million to $317 million, broadly consistent with the $314.5 million consensus estimate. Full-year 2026 revenue guidance of approximately $1.2 billion also matched expectations, limiting the potential for a major positive estimate revision. Calix third-quarter earnings results
• Negative Sentiment: Quarterly revenue of $301.7 million fell short of the $304.2 million analyst estimate, offsetting some of the EPS beat. Investors may also view the unchanged full-year revenue outlook as evidence that growth is not accelerating enough to justify Calix’s relatively high earnings multiple.
• Negative Sentiment: Calix’s net margin was only 4.61%, while the stock remains well below its 52-week high. That combination of modest profitability and weaker-than-expected revenue can make the shares vulnerable to selling even when earnings exceed forecasts. Calix Q3 2026 earnings call transcript

Analysts Set New Price Targets

A number of brokerages have weighed in on CALX. Wall Street Zen upgraded Calix from a “buy” rating to a “strong-buy” rating in a research note on Saturday. JPMorgan Chase & Co. cut 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, July 22nd. Weiss Ratings cut Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. Rosenblatt Securities decreased their price target on shares of Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Finally, Roth Capital reissued a “buy” rating on shares of Calix in a research report on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $57.40.

Calix Trading Down 6.3%

The company has a market capitalization of $2.13 billion, a P/E ratio of 45.58 and a beta of 1.32. The business’s 50-day simple moving average is $36.12 and its 200 day simple moving average is $42.57.

Calix (NYSE:CALX) last released its earnings results on Monday, November 2nd. The communications equipment provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $301.71 million during the quarter, compared to the consensus estimate of $304.23 million. Calix had a return on equity of 6.17% and a net margin of 4.61%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. As a group, sell-side analysts predict that Calix, Inc will post 0.89 EPS for the current fiscal year.

Institutional Trading of Calix

Several institutional investors have recently modified their holdings of the company. Strs Ohio boosted its stake in Calix by 1.5% during the first quarter. Strs Ohio now owns 20,600 shares of the communications equipment provider’s stock valued at $1,009,000 after buying an additional 300 shares in the last quarter. Inspire Investing LLC raised its position in Calix by 1.8% in the third quarter. Inspire Investing LLC now owns 18,681 shares of the communications equipment provider’s stock worth $642,000 after acquiring an additional 338 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in Calix by 254.0% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 878 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 630 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Calix by 3.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,140 shares of the communications equipment provider’s stock valued at $940,000 after acquiring an additional 647 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Calix by 85.4% in the 3rd quarter. Covestor Ltd now owns 1,446 shares of the communications equipment provider’s stock valued at $49,000 after acquiring an additional 666 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Company Profile

Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.

The company’s offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.

Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.