Calix (NYSE:CALX) Releases Q3 2026 Earnings Guidance

Calix (NYSE:CALX) issued an update on its third quarter 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.370-0.450 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $301.0 million-$307.0 million, compared to the consensus revenue estimate of $301.8 million.

Analyst Upgrades and Downgrades

Several research analysts have commented on CALX shares. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price target on shares of Calix in a report on Wednesday, June 10th. JPMorgan Chase & Co. reduced their price objective on shares of Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Northland Securities cut shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price objective for the company. in a research report on Wednesday, April 22nd. Finally, Needham & Company LLC lowered their target price on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Calix Price Performance

Shares of NYSE:CALX opened at $38.38 on Tuesday. Calix has a 12 month low of $34.86 and a 12 month high of $71.22. The firm has a market capitalization of $2.45 billion, a P/E ratio of 79.96 and a beta of 1.23. The company’s fifty day moving average price is $38.62 and its 200 day moving average price is $46.48.

Calix (NYSE:CALX) last issued 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. Calix had a return on equity of 4.30% and a net margin of 3.20%.The company had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $289.96 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. 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 EPS for the current year.

Calix announced that its board has approved a stock buyback program on Tuesday, April 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the communications equipment provider to buy up to 3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of Calix 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 sale, 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 ownership of the stock. The sale was disclosed in a legal 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. 17.44% of the stock is currently owned by insiders.

Calix News Roundup

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported second-quarter earnings of $0.47 per share, topping expectations of $0.40, while revenue of $293.3 million also beat estimates. Revenue rose 21.3% year over year, suggesting solid demand and execution. Calix Releases Second Quarter 2026 Financial Results
• Neutral Sentiment: The company issued third-quarter EPS guidance of $0.37 to $0.45 and revenue guidance of $301 million to $307 million, which is broadly in line with revenue expectations but only modestly supportive on profit outlook. Calix Releases Second Quarter 2026 Financial Results
• Negative Sentiment: Multiple law firms issued reminders about a securities class-action case against Calix, with a lead-plaintiff deadline of July 27. These headlines may keep investors focused on legal risk and potential distraction/costs. CALIX, INC. CLASS ACTION DEADLINE ALERT

Hedge Funds Weigh In On Calix

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Calix in the second quarter valued at approximately $30,000. Strive Financial Group LLC purchased a new stake in shares of Calix during the 4th quarter worth $40,000. NewEdge Advisors LLC purchased a new stake in shares of Calix during the 3rd quarter worth $64,000. Smartleaf Asset Management LLC grew its stake in shares of Calix by 27.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after purchasing an additional 265 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Calix during the 4th quarter worth $67,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.