Calix (NYSE:CALX) Authorizes Share Repurchase Program

Calix (NYSE:CALX) declared that its board has approved a share buyback plan on Tuesday, April 21st, RTT News reports. The company plans to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to purchase up to 3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Zacks Research lowered Calix from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. cut their target price on Calix from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Craig Hallum set a $60.00 target price on Calix in a report on Friday, January 30th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $70.00 target price on shares of Calix in a research report on Tuesday, March 31st. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

Calix Price Performance

CALX stock opened at $49.74 on Wednesday. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 198.94 and a beta of 1.53. The company has a fifty day moving average price of $50.97 and a 200 day moving average price of $54.60. Calix has a 12 month low of $35.70 and a 12 month high of $71.22.

Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $279.98 million for the quarter, compared to the consensus estimate of $277.50 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. Calix’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, analysts anticipate that Calix will post 0.87 earnings per share for the current year.

Trending Headlines about Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q1 beat — Calix reported Q1 EPS of $0.40 and revenue of $279.98M, topping consensus estimates and showing meaningful year-over-year EPS improvement. This supports growth expectations. Calix (CALX) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Raised Q2 2026 guidance — management set Q2 EPS guidance of $0.350–$0.450 (above consensus) and revenue guidance ~$287–$293M (above consensus), signaling continued revenue momentum. Q1 Press Release / Guidance
• Positive Sentiment: Buyback increase — the board authorized an additional $100M for stock repurchases (added to the roughly $63.4M remaining at quarter-end), which can support the share price and offset dilution over time. Calix Increases Stock Repurchase Authorization
• Positive Sentiment: Cash unlock and refocus — Calix restructured a lithium mid‑stream project with PLS, unlocking A$11.4M and refocusing on core decarbonization markets, improving near-term cash and strategic focus. Calix Restructures Lithium Mid-Stream Project
• Neutral Sentiment: Investor Day planned — management will host Investor Day at the NYSE to outline the next phase of Calix One and long-term strategy; useful for longer-term visibility but timing/outcomes are uncertain. Calix Releases Q1 Results; To Host Investor Day
• Negative Sentiment: Long‑term incentive grants — Calix issued 486,445 unquoted long‑term performance rights under its incentive plan, which could lead to future share issuance/dilution if performance targets are met. Calix Grants 486,445 Unquoted Performance Rights
• Negative Sentiment: Short‑term incentive grants — Calix also issued 160,527 short‑term performance rights under its employee scheme, another potential near-term dilution source tied to performance payouts. Calix Grants 160,527 Short-Term Incentive Performance Rights

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.