Calix (NYSE:CALX – Get Free Report) announced its earnings results on Monday. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07, FiscalAI reports. Calix had a net margin of 3.20% and a return on equity of 4.30%. The company had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. During the same period in the previous year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. Calix updated its Q3 2026 guidance to 0.370-0.450 EPS.
Calix Stock Down 1.9%
NYSE CALX opened at $38.38 on Tuesday. Calix has a fifty-two week low of $34.86 and a fifty-two week high of $71.22. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 79.96 and a beta of 1.23. The business has a fifty day moving average of $38.62 and a 200-day moving average of $46.48.
Insider Buying and Selling
In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction 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. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 owned by company insiders.
Hedge Funds Weigh In On Calix
Calix declared that its Board of Directors has initiated a share repurchase program on Tuesday, April 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the communications equipment provider to buy up to 3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Key Headlines Impacting Calix
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
Wall Street Analyst Weigh In
CALX has been the topic of a number of recent research reports. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Northland Securities downgraded Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price objective for the company. in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Needham & Company LLC dropped their target price on Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.00.
Get Our Latest Report on Calix
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.
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