Northland Securities Lowers Earnings Estimates for Calix

Calix, Inc (NYSE:CALX) – Analysts at Northland Securities decreased their Q3 2026 earnings per share estimates for shares of Calix in a research report issued on Wednesday, April 22nd. Northland Securities analyst T. Savageaux now expects that the communications equipment provider will earn $0.23 per share for the quarter, down from their previous forecast of $0.24. Northland Securities has a “Market Perform” rating and a $52.00 price objective on the stock. The consensus estimate for Calix’s current full-year earnings is $0.87 per share. Northland Securities also issued estimates for Calix’s Q4 2026 earnings at $0.25 EPS.

A number of other research analysts also recently commented on the company. Roth Mkm reiterated a “buy” rating on shares of Calix in a report on Thursday. Craig Hallum set a $60.00 price objective on Calix in a report on Friday, January 30th. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Zacks Research downgraded Calix from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Finally, Needham & Company LLC dropped their price objective on Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Calix Stock Performance

CALX opened at $43.27 on Friday. Calix has a one year low of $38.54 and a one year high of $71.22. The company has a market cap of $2.76 billion, a P/E ratio of 90.15 and a beta of 1.53. The business’s 50-day simple moving average is $50.38 and its 200-day simple moving average is $54.32.

Calix (NYSE:CALX) last issued its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. Calix had a return on equity of 4.30% and a net margin of 3.20%.The company had revenue of $279.98 million for the quarter, compared to the consensus estimate of $277.50 million. During the same quarter in the prior year, the business earned $0.19 EPS. Calix’s revenue was up 27.2% on a year-over-year basis. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS.

Calix announced that its board has authorized a share repurchase program on Wednesday, January 28th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the communications equipment provider to purchase up to 3.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Calix during the 3rd quarter worth approximately $1,528,000. Inspire Advisors LLC acquired a new stake in Calix during the 3rd quarter worth approximately $2,844,000. Federated Hermes Inc. acquired a new stake in Calix during the 3rd quarter worth approximately $7,090,000. Axecap Investments LLC acquired a new stake in Calix during the 3rd quarter worth approximately $1,707,000. Finally, Lisanti Capital Growth LLC lifted its position in Calix by 118.4% during the 3rd quarter. Lisanti Capital Growth LLC now owns 81,321 shares of the communications equipment provider’s stock worth $4,991,000 after acquiring an additional 44,081 shares during the period. Hedge funds and other 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: Board expands share repurchase authorization by $100M, increasing capital-return optionality and supporting the stock. Article Title
• Positive Sentiment: Wall Street buy-side support: Needham and Rosenblatt reaffirmed bullish views (Needham kept a Buy rating; Rosenblatt reaffirmed Buy), helping demand despite mixed headlines. Article Title Article Title
• Neutral Sentiment: Q1 results beat consensus (EPS and revenue), and management set Q2 guidance — a positive top-line growth signal but the earnings call highlighted margin compression that could temper near-term profitability. Market reaction has been mixed. Article Title
• Neutral Sentiment: Analysts modestly tweaked quarterly EPS estimates: Northland trimmed Q3 to $0.23 and nudged Q4 to $0.25 while assigning a Market Perform / Hold and $52 target — small estimate moves that signal caution but not a major directional shift. Article Title
• Negative Sentiment: Price-target cuts from some brokers: JPMorgan lowered its target to $65 and Needham trimmed its target to $62 (while keeping a Buy), which can cap upside and signal less near-term enthusiasm. Article Title Article Title
• Negative Sentiment: Regulatory risk increased: reports highlight rising FCC and Homeland Security scrutiny that could raise compliance costs, pressure margins, or push customers to competitors over security/regulatory requirements. This is a structural risk investors will watch closely. Article Title
• Negative Sentiment: Legal risk: a securities fraud investigation was announced, which can create headline risk and investor uncertainty until resolved. Article Title

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.