Calix Stock Earnings Estimates Cut by Northland Securities

Calix, Inc (NYSE:CALX) – Research analysts at Northland Securities cut their FY2026 EPS estimates for Calix in a note issued to investors on Wednesday, November 4th. Northland Securities analyst T. Savageaux now forecasts that the communications equipment provider will post earnings per share of $0.87 for the year, down from their previous forecast of $0.93. Northland Securities currently has an “Outperform” rating and a $52.00 price target on the stock. The consensus estimate for Calix’s current full-year earnings is $0.85 per share. Northland Securities also issued estimates for Calix’s Q4 2026 earnings at $0.19 EPS and FY2027 earnings at $1.68 EPS.

CALX has been the topic of a number of other research reports. Rosenblatt Securities restated a “buy” rating and issued a $55.00 target price on shares of Calix in a research note on Wednesday, November 4th. JPMorgan Chase & Co. reduced their price target on Calix from $58.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, November 4th. Roth Capital reissued a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.80.

Calix Stock Performance

NYSE CALX opened at $32.23 on Monday. The firm has a market capitalization of $1.99 billion, a P/E ratio of 47.40 and a beta of 1.21. The stock has a 50-day simple moving average of $35.49 and a two-hundred day simple moving average of $41.95. Calix has a fifty-two week low of $30.55 and a fifty-two week high of $65.00.

Calix (NYSE:CALX) last posted its earnings results on Monday, November 2nd. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Calix had a net margin of 3.99% and a return on equity of 5.67%. The company had revenue of $301.71 million during the quarter, compared to the consensus estimate of $304.23 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis.

Hedge Funds Weigh In On Calix

A number of large investors have recently bought and sold shares of CALX. California State Teachers Retirement System grew its position in shares of Calix by 32.6% in the first quarter. California State Teachers Retirement System now owns 76,344 shares of the communications equipment provider’s stock valued at $3,740,000 after purchasing an additional 18,755 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Calix during the third quarter worth about $32,090,000. Bank of America Corp DE raised its position in shares of Calix by 63.3% during the 1st quarter. Bank of America Corp DE now owns 750,117 shares of the communications equipment provider’s stock worth $36,748,000 after purchasing an additional 290,661 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Calix during the 2nd quarter worth about $1,080,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Calix during the 2nd quarter worth about $1,641,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Activity

In other news, Director Carl Russo sold 75,000 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $31.07, for a total transaction of $2,330,250.00. Following the sale, the director directly owned 1,494,188 shares in the company, valued at $46,424,421.16. This trade represents a 4.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by insiders.

Trending Headlines about Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Brokerages’ reported consensus target price of $55.80 is well above CALX’s recent trading level, suggesting potential upside in analysts’ valuation outlook. The figure may not reflect a new estimate. Calix consensus target price
• Neutral Sentiment: Calix announced upcoming investor events, including conferences and a company-hosted bus tour where executives will meet with investors. These provide opportunities for updates but no new financial guidance was included in the announcement. Calix Announces Upcoming Investor Events
• Neutral Sentiment: The A$10 million investment agreement for a green iron project relates to Calix Ltd. (Australia: CXL), not Calix, Inc. (NYSE: CALX), so it should not be treated as news about this stock. Calix Ltd. green iron project announcement
• Negative Sentiment: Director Carl Russo sold 75,000 shares for about $2.33 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and he retained nearly 1.5 million shares, which may temper concerns but does not eliminate the potential negative sentiment from insider selling. Calix insider share sale
• Negative Sentiment: Wall Street Zen cut its rating on CALX to “Buy,” a downgrade from its prior rating, although the recommendation remains positive. Calix rating cut to Buy

Calix Company Profile

Calix, Inc provides cloud, software, systems and services to broadband service providers. Its offerings are designed to help providers build and manage access networks, improve operations and deliver broadband services and digital experiences to residential and business subscribers.

The company’s portfolio includes the Calix Broadband Platform, which brings together network access systems, software and cloud-based applications. Products and services support network management, subscriber experience and the delivery of services such as broadband connectivity and managed Wi-Fi.

Founded in 1999 and headquartered in San Jose, California, Calix serves communications service providers in multiple markets, including providers in North America.