Calix (NYSE:CALX) Releases Q2 2026 Earnings Guidance

Calix (NYSE:CALX) updated its second quarter 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.350-0.450 for the period, compared to the consensus estimate of 0.330. The company issued revenue guidance of $287.0 million-$293.0 million, compared to the consensus revenue estimate of $281.7 million.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CALX shares. Needham & Company LLC reduced their price target on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price target on shares of Calix in a report on Tuesday, March 31st. Zacks Research downgraded shares of Calix from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Weiss Ratings raised shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Calix from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

Calix Stock Performance

Calix stock traded down $1.81 during midday trading on Tuesday, reaching $49.74. 1,827,915 shares of the stock were exchanged, compared to its average volume of 1,062,704. The firm has a market cap of $3.21 billion, a PE ratio of 198.94 and a beta of 1.53. The company’s fifty day moving average is $51.07 and its 200-day moving average is $54.67. Calix has a 52 week low of $35.70 and a 52 week high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm had revenue of $279.98 million for the quarter, compared to analysts’ expectations of $277.50 million. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, sell-side analysts anticipate that Calix will post 0.87 earnings per share for the current fiscal year.

Calix declared that its board has approved a stock buyback plan 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 reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Calix

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Calix by 1.0% in the 4th quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock worth $125,072,000 after acquiring an additional 23,022 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Calix by 4.5% in the 3rd 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Calix by 214.3% in 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 acquiring an additional 868,987 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Calix in the 4th quarter worth $57,915,000. Finally, Lord Abbett & CO. LLC grew its holdings in Calix by 10.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 987,431 shares of the communications equipment provider’s stock worth $52,265,000 after acquiring an additional 91,175 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Company Profile

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.