Q3 EPS Estimates for Calix Reduced by Northland Securities

Calix, Inc (NYSE:CALX) – Equities research analysts at Northland Securities reduced their Q3 2026 earnings estimates for shares of Calix in a research report issued on Wednesday, April 22nd. Northland Securities analyst T. Savageaux now forecasts that the communications equipment provider will earn $0.23 per share for the quarter, down from their prior forecast of $0.24. Northland Securities currently has a “Market Perform” rating and a $52.00 price objective on the stock. The consensus estimate for Calix’s current full-year earnings is $0.87 per share. Northland Securities also issued estimates for Calix’s Q4 2026 earnings at $0.25 EPS.

Calix (NYSE:CALX) last announced its earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. Calix had a net margin of 3.20% and a return on equity of 4.30%. The firm had revenue of $279.98 million for the quarter, compared to analyst estimates of $277.50 million. During the same quarter in the prior year, the business posted $0.19 EPS. The business’s revenue was up 27.2% compared to the same quarter last year. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS.

A number of other research analysts have also issued reports on CALX. Roth Mkm restated a “buy” rating on shares of Calix in a research report on Thursday. JPMorgan Chase & Co. cut their price target on shares of Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday. Needham & Company LLC cut their price target on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday. Wall Street Zen downgraded shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Finally, Zacks Research downgraded shares of Calix from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

Calix Stock Up 0.2%

Shares of NYSE:CALX opened at $42.74 on Friday. The company’s 50 day moving average price is $50.58 and its two-hundred day moving average price is $54.44. Calix has a 12-month low of $36.91 and a 12-month high of $71.22. The firm has a market cap of $2.76 billion, a PE ratio of 89.03 and a beta of 1.53.

Calix declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 28th that authorizes the company to repurchase $125.00 million in shares. This repurchase authorization authorizes the communications equipment provider to buy up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Calix

A number of institutional investors and hedge funds have recently made changes to their positions in CALX. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Calix during the 4th quarter worth approximately $57,915,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Calix by 214.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after acquiring an additional 868,987 shares during the period. Westfield Capital Management Co. LP lifted its holdings in shares of Calix by 67.4% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,145,292 shares of the communications equipment provider’s stock worth $60,620,000 after acquiring an additional 461,196 shares during the period. Divisadero Street Capital Management LP lifted its stake in Calix by 756.0% in the 3rd quarter. Divisadero Street Capital Management LP now owns 453,873 shares of the communications equipment provider’s stock valued at $27,854,000 after purchasing an additional 400,851 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Calix in the 4th quarter valued at approximately $19,856,000. Institutional investors own 98.14% of the company’s stock.

Key Headlines Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q1 beat and upbeat revenue/guidance — Calix reported stronger-than-expected Q1 results with ~27% Y/Y revenue growth and a constructive Q2 outlook, which underpins near-term demand and AI-driven efficiencies. Calix Beats Q1 Earnings
• Positive Sentiment: Board expands buyback by $100M — Management increased the share repurchase authorization, a shareholder-friendly move that can support the stock and offset dilution. Calix Expands Share Repurchase Authorization
• Positive Sentiment: Rosenblatt reaffirms Buy ($70 PT) — An influential shop keeps a constructive view, signaling confidence in Calix’s longer-term thesis. Rosenblatt Reaffirms Buy
• Neutral Sentiment: Needham trims price target to $62 but keeps Buy — Analyst reiteration of the growth narrative (transition to Calix One) remains supportive, though the lower PT reflects near-term headwinds. Needham Buy Rating
• Neutral Sentiment: JPMorgan lowers PT to $65 (still Overweight) — Another target cut that reduces upside expectations while keeping a positive stance on the business. JPMorgan Lowers Price Target
• Negative Sentiment: Northland downgrades to Market Perform and tweaks EPS — Northland cut its rating from Outperform to Market Perform and adjusted quarterly EPS estimates (Q3 down slightly, Q4 modestly higher), signaling less near-term conviction. Northland Downgrade
• Negative Sentiment: Heightened regulatory scrutiny — New disclosures flag potential FCC and Homeland Security scrutiny that could raise compliance costs, pressure margins, and push some customers toward competitors. Regulatory Scrutiny Article
• Negative Sentiment: Securities fraud / shareholder investigation announced — A class-action or investigation notice can increase legal overhang and short-term volatility. Securities Fraud Investigation
• Negative Sentiment: Stock fell despite the beat — Coverage notes the shares dropped after earnings, indicating investors are focusing on margin pressure, guidance nuances, and the risks above. Calix Drops Despite Earnings Beat

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.