Q3 EPS Estimates for Calix Reduced by Northland Securities

Calix, Inc (NYSE:CALX) – Stock analysts at Northland Securities cut their Q3 2026 earnings estimates for shares of Calix in a report released on Wednesday, April 22nd. Northland Securities analyst T. Savageaux now forecasts that the communications equipment provider will post earnings of $0.23 per share for the quarter, down from their previous forecast of $0.24. Northland Securities currently has a “Market Perform” rating and a $52.00 target price 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 released its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $279.98 million for the quarter, compared to analyst estimates of $277.50 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. Calix’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS.

CALX has been the topic of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Craig Hallum set a $60.00 price objective on shares of Calix in a research note on Friday, January 30th. Zacks Research lowered shares of Calix from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Finally, Roth Mkm restated a “buy” rating on shares of Calix in a research note on Thursday. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Calix Price Performance

Calix stock opened at $42.74 on Friday. The firm has a market capitalization of $2.76 billion, a PE ratio of 89.03 and a beta of 1.53. The company’s 50-day moving average is $50.58 and its 200-day moving average is $54.44. Calix has a fifty-two week low of $36.91 and a fifty-two week high of $71.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in Calix in the 3rd quarter valued at about $1,528,000. Inspire Advisors LLC acquired a new position in Calix in the 3rd quarter valued at about $2,844,000. Federated Hermes Inc. acquired a new position in Calix in the 3rd quarter valued at about $7,090,000. Axecap Investments LLC acquired a new position in shares of Calix during the 3rd quarter worth approximately $1,707,000. Finally, Lisanti Capital Growth LLC grew its position in shares of Calix by 118.4% during the 3rd quarter. Lisanti Capital Growth LLC now owns 81,321 shares of the communications equipment provider’s stock worth $4,991,000 after purchasing an additional 44,081 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix declared that its Board of Directors has initiated a share buyback program on Wednesday, January 28th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to buy up to 3.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Calix News Summary

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.