Northland Securities Cuts Earnings Estimates for Calix

Calix, Inc (NYSE:CALX) – Investment analysts at Northland Securities reduced their FY2026 earnings per share (EPS) estimates for Calix in a report released on Wednesday, November 4th. Northland Securities analyst T. Savageaux now anticipates that the communications equipment provider will earn $0.87 per share for the year, down from their previous forecast of $0.93. Northland Securities currently has an “Outperform” rating and a $52.00 target price 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.

Several other analysts have also issued reports on the company. Roth Capital reiterated a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Wall Street Zen downgraded Calix from a “strong-buy” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. decreased their price target on Calix from $58.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, November 4th. Weiss Ratings lowered Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, October 26th. Finally, Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $55.80.

Calix Price Performance

Shares of NYSE CALX opened at $32.21 on Monday. The business has a 50-day moving average of $35.37 and a 200-day moving average of $41.83. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 47.37 and a beta of 1.21. Calix has a fifty-two week low of $30.55 and a fifty-two week high of $64.33.

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

Insider Buying and Selling at Calix

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

Hedge Funds Weigh In On Calix

A number of hedge funds and other institutional investors have recently bought and sold shares of CALX. BlackRock Inc. bought a new stake in Calix in the second quarter valued at approximately $439,461,000. Dimensional Fund Advisors LP boosted its stake in shares of Calix by 28.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock worth $59,699,000 after acquiring an additional 269,876 shares during the period. Paradigm Capital Management Inc. NY boosted its stake in shares of Calix by 14.2% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 768,200 shares of the communications equipment provider’s stock worth $37,634,000 after acquiring an additional 95,800 shares during the period. Bank of America Corp DE boosted its stake 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 acquiring an additional 290,661 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Calix during the 3rd quarter worth approximately $32,090,000. Institutional investors own 98.14% of the company’s stock.

About Calix

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.