Calix (NYSE:CALX) Raised to Outperform at Northland Securities

Calix (NYSE:CALX - Get Free Report) was upgraded by stock analysts at Northland Securities from a "market perform" rating to an "outperform" rating in a note issued to investors on Tuesday, Marketbeat reports. The firm presently has a $52.00 price objective on the communications equipment provider's stock. Northland Securities' price objective would suggest a potential upside of 44.10% from the company's current price.

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A number of other research analysts also recently weighed in on the stock. 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 report on Thursday, April 23rd. Rosenblatt Securities cut their price objective on Calix from $70.00 to $55.00 and set a "buy" rating on the stock in a research note on Tuesday. Wall Street Zen cut Calix from a "strong-buy" rating to a "buy" rating in a research report on Saturday. JPMorgan Chase & Co. lowered their price target on Calix from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, April 22nd. Finally, Weiss Ratings lowered shares of Calix from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 2nd. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $64.86.

View Our Latest Stock Analysis on CALX

Calix Stock Down 5.9%

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Shares of NYSE CALX traded down $2.27 on Tuesday, hitting $36.09. The company had a trading volume of 3,216,973 shares, compared to its average volume of 1,118,592. Calix has a 12-month low of $34.26 and a 12-month high of $71.22. The firm has a market capitalization of $2.30 billion, a P/E ratio of 74.85 and a beta of 1.23. The business has a 50 day moving average of $38.62 and a two-hundred day moving average of $46.48.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.07. The company had revenue of $293.33 million during the quarter, compared to analysts' expectations of $289.96 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. The firm's revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 EPS. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, sell-side analysts anticipate that Calix will post 0.83 earnings per share for the current year.

Calix declared that its Board of Directors has initiated a share buyback program on Tuesday, April 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to buy up to 3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, Director Carl Russo sold 25,000 shares of the stock in a transaction dated 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 sale, the director owned 1,644,188 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company's stock.

Institutional Trading of Calix

Hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Calix during the fourth quarter valued at approximately $57,915,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Calix by 214.3% during 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 acquiring an additional 868,987 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of 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 purchasing an additional 461,196 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Calix in the 4th quarter worth about $19,856,000. Finally, Northwestern Mutual Wealth Management Co. increased 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. Institutional investors own 98.14% of the company's stock.

Trending Headlines about Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported strong Q2 results, with earnings of $0.47 per share versus $0.40 expected and revenue of $293.3 million versus $290.0 million expected. Revenue rose 21.3% year over year, helped by broadband demand, appliance adoption, and cloud services growth. Article: Calix Releases Second Quarter 2026 Financial Results
• Positive Sentiment: Management’s broader AI broadband strategy and expansion into recurring software and services suggests a longer-term growth opportunity beyond hardware sales. Article: Calix AI Broadband Strategy Shows Where Fiber Networks Are Heading
• Neutral Sentiment: Several analyst notes framed the stock as a debate between improving growth and valuation concerns, with investors encouraged by AI-native broadband and recurring revenue trends but still watching execution. Article: Is CALX Stock a Buy or a Value Trap After Strong Earnings Growth?
• Neutral Sentiment: Rosenblatt kept a buy rating but cut its price target to $55 from $70, signaling continued upside but more tempered expectations after the results. Article: Rosenblatt Securities price target cut
• Negative Sentiment: Calix’s updated Q3 guidance calls for EPS of $0.37 to $0.45, which brackets but does not materially exceed estimates, and investors remain focused on margin pressure and execution risk. Article: Calix Releases Second Quarter 2026 Financial Results
• Negative Sentiment: Multiple law firms issued reminders about a securities class action and July 27 lead-plaintiff deadline, adding legal overhang and uncertainty for CALX shareholders. Article: Investor Alert: Pomerantz Law Firm Reminds Investors...

About Calix

(Get Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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