Northland Securities Has Weak Estimate for Calix Q3 Earnings

Calix, Inc (NYSE:CALX) – Stock analysts at Northland Securities decreased their Q3 2026 earnings estimates for Calix in a research report issued to clients and investors on Tuesday, July 21st. Northland Securities analyst T. Savageaux now forecasts that the communications equipment provider will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.23. Northland Securities has a “Outperform” rating and a $52.00 price objective on the stock. The consensus estimate for Calix’s current full-year earnings is $0.90 per share. Northland Securities also issued estimates for Calix’s Q4 2026 earnings at $0.28 EPS and FY2026 earnings at $0.93 EPS.

A number of other research firms have also commented on CALX. Needham & Company LLC reduced their target price on Calix from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Weiss Ratings raised Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Rosenblatt Securities dropped their price objective on Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, JPMorgan Chase & Co. reduced their price objective on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Calix has an average rating of “Moderate Buy” and an average target price of $63.86.

Calix Stock Up 0.6%

Shares of NYSE CALX opened at $35.97 on Friday. The firm has a market cap of $2.26 billion, a P/E ratio of 48.61 and a beta of 1.23. Calix has a twelve month low of $34.26 and a twelve month high of $71.22. The company has a 50 day moving average of $38.28 and a 200 day moving average of $46.05.

Calix (NYSE:CALX) last posted its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $293.33 million for the quarter, compared to analysts’ expectations of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS.

Hedge Funds Weigh In On Calix

Several institutional investors have recently made changes to their positions in CALX. State Street Corp grew its position in Calix by 1.0% during the fourth quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock valued at $125,072,000 after buying an additional 23,022 shares during the period. Geode Capital Management LLC raised its position in Calix by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock worth $76,513,000 after acquiring an additional 74,235 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Calix by 4.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock worth $86,515,000 after acquiring an additional 61,247 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Calix by 214.3% during the 3rd 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Calix by 28.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock valued at $59,699,000 after acquiring an additional 269,876 shares during the period. Institutional investors own 98.14% of the company’s stock.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the transaction, the director owned 1,644,188 shares of the company’s stock, valued at approximately $71,127,572.88. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company’s stock.

Calix announced that its board has approved a stock repurchase program on Tuesday, April 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the communications equipment provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

More Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Northland Securities raised its FY2026 and Q4 2026 earnings estimates for Calix, and reiterated an Outperform rating with a $52 price target, signaling confidence in the company’s longer-term earnings outlook. Northland Securities estimate update
• Positive Sentiment: Calix also continued to receive supportive coverage and upbeat investment commentary, including a report suggesting the stock may be undervalued based on recent earnings performance and 2026 guidance. Calix undervaluation article
• Neutral Sentiment: Business updates also remain constructive, with Calix announcing that Conexon Connect is using Calix Agent Workforce Cloud to expand its rural fiber broadband go-to-market strategy. Conexon Connect announcement
• Neutral Sentiment: Separately, Calix expanded rural AI broadband reach with three new provider deployments, which supports the growth narrative but is not a major near-term catalyst. Rural AI broadband expansion article
• Negative Sentiment: Several law firms issued urgent reminders about the securities class action against Calix and the July 27 lead plaintiff deadline, keeping fraud allegations and potential legal costs front and center for investors. Securities fraud lawsuit reminder
• Negative Sentiment: Additional coverage noted a pessimistic forecast from JPMorgan and a downgrade-related move to new 52-week lows, reinforcing concerns that analysts are becoming more cautious on the stock. JPMorgan pessimistic forecast

About Calix

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.