Northland Securities Downgrades Calix (NYSE:CALX) to Market Perform

Calix (NYSE:CALX) was downgraded by stock analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, Marketbeat reports. They currently have a $52.00 target price on the communications equipment provider’s stock. Northland Securities’ price target would indicate a potential upside of 21.68% from the stock’s current price.

CALX has been the subject of several other reports. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Rosenblatt Securities restated a “buy” rating and issued a $70.00 price objective on shares of Calix in a report on Tuesday, March 31st. Needham & Company LLC lowered their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Weiss Ratings upgraded shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Finally, Zacks Research lowered shares of Calix from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Calix Price Performance

Shares of CALX opened at $42.74 on Wednesday. Calix has a one year low of $36.91 and a one year high of $71.22. The company has a 50-day simple moving average of $50.58 and a two-hundred day simple moving average of $54.44. The firm has a market capitalization of $2.76 billion, a PE ratio of 89.03 and a beta of 1.53.

Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. Calix had a net margin of 3.20% and a return on equity of 4.30%. The business had revenue of $279.98 million during the quarter, compared to analyst estimates of $277.50 million. During the same period last year, the business posted $0.19 earnings per share. Calix’s quarterly revenue was up 27.2% compared to the same quarter last year. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. Analysts expect that Calix will post 0.87 EPS for the current fiscal year.

Calix declared that its board has initiated a stock buyback plan on Wednesday, January 28th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the communications equipment provider to purchase up to 3.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Calix

Institutional investors and hedge funds have recently made changes to their positions in the company. Clearstead Advisors LLC increased its position in shares of Calix by 139.3% during the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 255 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Calix by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Calix during the second quarter valued at approximately $30,000. Whittier Trust Co. increased its position in shares of Calix by 541.0% during the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after acquiring an additional 541 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Calix by 125.4% during the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 365 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q1 results beat expectations: revenue +27% Y/Y and EPS above consensus; company gave Q2 EPS guidance (0.35–0.45), supporting near‑term growth expectations. Calix Beats Q1 Earnings Estimates on Solid Y/Y Top-Line Growth
• Positive Sentiment: Board expanded share repurchase authorization by $100M (~3% of shares), signaling management believes the stock is undervalued and likely supporting EPS over time. Calix Expands Share Repurchase Authorization by $100 Million
• Positive Sentiment: Some brokers reaffirm positive stances: Rosenblatt kept a Buy with a $70 PT, indicating continued bullish long‑term view from portions of the sell‑side. Rosenblatt Reaffirms Buy on Calix
• Neutral Sentiment: Analyst target trims but maintained positive ratings: Needham cut its PT from $70→$62 while keeping a Buy, and JPMorgan trimmed its PT to $65 but stays Overweight — suggests confidence in long‑term opportunity despite near‑term headwinds. Calix: Transition to Calix One and Stable Long-Term Outlook Underpin Buy Rating
• Neutral Sentiment: Brokerage consensus remains modestly positive (consensus = “Moderate Buy”), leaving room for upside if execution continues. Calix Receives Consensus Rating of Moderate Buy
• Negative Sentiment: New securities‑fraud investigation announced — litigation risk can pressure the stock and increase legal/disciplinary uncertainty for investors. Securities Fraud Investigation Into Calix, Inc. Announced
• Negative Sentiment: Northland downgraded Calix to Market Perform / Hold with a lower $52 PT, reflecting concerns about near‑term margin pressure or valuation. Calix Downgraded to Hold at Northland Securities
• Negative Sentiment: Earnings‑call takeaways: revenue/growth strong but margins under strain from investments and mix — investors sensitive to margin trends could mark shares down if margins deteriorate. Calix Inc. Earnings Call: Growth Up, Margins Under Strain

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.