Calix (NYSE:CALX) Issues Quarterly Earnings Results

Calix (NYSE:CALX) issued its earnings results on Monday. The communications equipment provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07, FiscalAI reports. The company had revenue of $293.33 million for 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%. Calix updated its Q3 2026 guidance to 0.370-0.450 EPS.

Calix Price Performance

Shares of Calix stock traded down $0.76 during trading on Monday, hitting $38.38. The stock had a trading volume of 1,713,493 shares, compared to its average volume of 1,102,206. The business has a fifty day moving average of $38.71 and a two-hundred day moving average of $46.58. Calix has a fifty-two week low of $34.86 and a fifty-two week high of $71.22. The firm has a market cap of $2.45 billion, a P/E ratio of 79.96 and a beta of 1.23.

Analysts Set New Price Targets

Several research analysts have commented on CALX shares. Northland Securities cut shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 target price for the company. in a research report on Wednesday, April 22nd. Wall Street Zen downgraded Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings lowered Calix from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 target price on shares of Calix in a research note on Wednesday, June 10th. Finally, Needham & Company LLC reduced their price target on Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $67.00.

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

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred 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 transaction, the director owned 1,644,188 shares of the company’s stock, valued at $71,127,572.88. The trade was a 1.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

Hedge Funds Weigh In On Calix

Hedge funds have recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of Calix by 1.0% in the fourth quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock worth $125,072,000 after buying an additional 23,022 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Calix by 4.5% during the third quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock worth $86,515,000 after acquiring an additional 61,247 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 purchasing an additional 868,987 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Calix in the fourth quarter valued at approximately $57,915,000. Finally, Lord Abbett & CO. LLC boosted its holdings in Calix by 10.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 987,431 shares of the communications equipment provider’s stock worth $52,265,000 after purchasing an additional 91,175 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.