Northland Securities Forecasts Reduced Earnings for Calix

Calix, Inc (NYSE:CALX) – Equities research analysts at Northland Securities cut their Q3 2026 earnings per share (EPS) estimates for Calix in a research report issued to clients and investors on Tuesday, July 21st. Northland Securities analyst T. Savageaux now forecasts that the communications equipment provider will earn $0.20 per share for the quarter, down from their prior estimate of $0.23. Northland Securities currently has a “Outperform” rating and a $52.00 target price on the stock. The consensus estimate for Calix’s current full-year earnings is $0.89 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 equities analysts have also recently issued reports on CALX. Roth Capital restated a “buy” rating on shares of Calix in a research report on Tuesday. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Rosenblatt Securities cut their target price on Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Zacks Research cut Calix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.86.

Calix Stock Up 0.6%

Shares of CALX opened at $35.97 on Friday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 48.61 and a beta of 1.23. The firm has a fifty day simple moving average of $38.28 and a two-hundred day simple moving average of $46.05. Calix has a twelve month low of $34.26 and a twelve month 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 the consensus estimate 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. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS.

Calix announced that its board has authorized a stock buyback plan on Tuesday, April 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to purchase up to 3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

Hedge Funds Weigh In On Calix

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

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Northland Securities raised its FY2026 and Q4 2026 earnings estimates for Calix, and reiterated an Outperform rating with a $52 price target, signaling confidence in the company’s longer-term earnings outlook. Northland Securities estimate update
• Positive Sentiment: Calix also continued to receive supportive coverage and upbeat investment commentary, including a report suggesting the stock may be undervalued based on recent earnings performance and 2026 guidance. Calix undervaluation article
• Neutral Sentiment: Business updates also remain constructive, with Calix announcing that Conexon Connect is using Calix Agent Workforce Cloud to expand its rural fiber broadband go-to-market strategy. Conexon Connect announcement
• Neutral Sentiment: Separately, Calix expanded rural AI broadband reach with three new provider deployments, which supports the growth narrative but is not a major near-term catalyst. Rural AI broadband expansion article
• Negative Sentiment: Several law firms issued urgent reminders about the securities class action against Calix and the July 27 lead plaintiff deadline, keeping fraud allegations and potential legal costs front and center for investors. Securities fraud lawsuit reminder
• Negative Sentiment: Additional coverage noted a pessimistic forecast from JPMorgan and a downgrade-related move to new 52-week lows, reinforcing concerns that analysts are becoming more cautious on the stock. JPMorgan pessimistic forecast

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.