Calix (NYSE:CALX) Stock Rating Upgraded by Northland Securities

Calix (NYSE:CALX) was upgraded by investment analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, Marketbeat reports. The firm currently has a $52.00 price objective on the communications equipment provider’s stock. Northland Securities’ price objective points to a potential upside of 44.75% from the stock’s previous close.

CALX has been the topic of a number of other research reports. Needham & Company LLC reduced their target price on Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Rosenblatt Securities decreased their price target on Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lowered their price target on Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings downgraded Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Finally, Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and an average price target of $63.86.

Calix Trading Down 4.1%

Shares of Calix stock opened at $35.92 on Tuesday. The company has a 50 day moving average of $38.45 and a 200-day moving average of $46.25. Calix has a 1-year low of $34.26 and a 1-year high of $71.22. The company has a market cap of $2.29 billion, a PE ratio of 48.55 and a beta of 1.23.

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, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Research analysts forecast that Calix will post 0.83 earnings per share for the current year.

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

Insider Buying and Selling at Calix

In related 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Calix

Several large investors have recently bought and sold shares of CALX. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Calix during the fourth quarter worth about $57,915,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Calix by 214.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after buying an additional 868,987 shares during the period. Westfield Capital Management Co. LP raised its holdings in Calix by 67.4% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,145,292 shares of the communications equipment provider’s stock valued at $60,620,000 after buying an additional 461,196 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Calix in the 4th quarter valued at approximately $19,856,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in 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 buying an additional 350,063 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Key Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported strong Q2 results, beating estimates with revenue of $293.3 million and EPS of $0.47, supported by record software gains and growth in recurring services. Analysts at JPMorgan and Northland also maintained bullish views, even as they trimmed price targets. Calix Inc (CALX) Q2 2026 Earnings Call Highlights: Record Revenue and Strategic Growth Amid …
• Neutral Sentiment: The company’s AI-broadband strategy and broader push into software and recurring revenue remain a long-term growth story, but investors are still weighing execution and margin pressure. Calix AI Broadband Strategy Shows Where Fiber Networks Are Heading
• Neutral Sentiment: Multiple law firms issued deadline reminders about an already filed securities class action, with the lead plaintiff deadline set for July 27, 2026. These notices do not change fundamentals, but they can keep sentiment fragile until the case progresses. CALX DEADLINE ALERT: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Calix, Inc. Investors to Secure Counsel Before Important July 27 Deadline in Securities Class Action – CALX
• Neutral Sentiment: Calix also faced mixed analyst commentary, including a JPMorgan price-target cut and a Zacks downgrade, although both still highlighted meaningful upside from current levels. Analyst rating and price target updates
• Negative Sentiment: The biggest near-term concern is margin compression: management warned that rising memory costs tied to AI demand are pressuring gross margins in Q3, overshadowing the strong revenue beat and helping drive the stock lower. Calix Slides as Margin Outlook Overshadows Record Q2 Results

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.