Calix (NYSE:CALX) Upgraded to “Outperform” at Northland Securities

Northland Securities upgraded shares of Calix (NYSE:CALX) from a market perform rating to an outperform rating in a research report report published on Tuesday morning, Marketbeat.com reports. The firm currently has $52.00 target price on the communications equipment provider’s stock.

CALX has been the topic of several other reports. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings lowered Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Rosenblatt Securities cut their price target on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Roth Capital restated a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Calix currently has a consensus rating of “Moderate Buy” and an average target price of $64.86.

Calix Stock Down 2.5%

NYSE:CALX opened at $37.38 on Tuesday. The company has a market cap of $2.38 billion, a P/E ratio of 50.51 and a beta of 1.23. The firm’s 50 day moving average is $38.54 and its two-hundred day moving average is $46.37. Calix has a fifty-two week low of $34.26 and a fifty-two week high of $71.22.

Calix (NYSE:CALX) last issued its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. Calix had a return on equity of 5.99% and a net margin of 4.61%.The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Research analysts forecast that Calix will post 0.83 earnings per share for the current fiscal year.

Calix declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the communications equipment provider to reacquire up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Calix

In other 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 value of $1,081,500.00. Following the completion of the transaction, the director directly owned 1,644,188 shares in the company, 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 legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Calix by 1.0% during 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 in the last quarter. Geode Capital Management LLC raised its position in Calix by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock valued at $76,513,000 after acquiring an additional 74,235 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Calix by 4.5% in the third quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock valued at $86,515,000 after acquiring an additional 61,247 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Calix by 214.3% in the third 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Calix by 28.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock worth $59,699,000 after acquiring an additional 269,876 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Key Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix beat Q2 expectations, reporting EPS of $0.47 versus $0.40 expected and revenue of $293.3 million versus $290.0 million expected, with sales up 21.3% year over year. Calix Releases Second Quarter 2026 Financial Results
• Positive Sentiment: The company’s AI broadband strategy and growing recurring software/services mix are being viewed as long-term positives, and Northland Securities upgraded CALX to outperform with a $52 target. Northland upgrade and target update
• Neutral Sentiment: Analysts and commentary highlighted that Calix is expanding beyond hardware into AI-native broadband software and recurring services, but execution remains a key watch item. Calix AI Broadband Strategy Shows Where Fiber Networks Are Heading
• Negative Sentiment: Third-quarter guidance pointed to gross margin pressure as AI-driven memory costs rise, with Calix warning that component costs are squeezing appliance margins and only partly being offset by surcharges. Calix shares fall 7% after Q2 beat as AI-driven memory costs squeeze margins
• Negative Sentiment: Multiple class-action lawsuit reminders and a July 27 lead-plaintiff deadline add legal uncertainty and can weigh on sentiment. Investor Alert Pomerantz Law Firm

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.