Calix (NYSE:CALX) Sets New 1-Year Low Following Analyst Downgrade

Calix, Inc (NYSE:CALX)’s stock price reached a new 52-week low on Tuesday after Rosenblatt Securities lowered their price target on the stock from $70.00 to $55.00. Rosenblatt Securities currently has a buy rating on the stock. Calix traded as low as $34.29 and last traded at $34.7840, with a volume of 667093 shares changing hands. The stock had previously closed at $38.35.

A number of other analysts also recently weighed in on CALX. Wall Street Zen downgraded shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Northland Securities cut shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price objective for the company. in a report on Wednesday, April 22nd. Roth Capital reaffirmed a “buy” rating on shares of Calix in a research note on Thursday, April 23rd. JPMorgan Chase & Co. cut their target price on shares of Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, Needham & Company LLC reduced their price target on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.86.

Insider Activity

In related news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. The trade was a 1.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company’s stock.

Key Headlines Impacting Calix

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

Institutional Investors Weigh In On Calix

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in Calix by 11.0% in the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock worth $993,000 after purchasing an additional 2,773 shares during the period. AQR Capital Management LLC raised its stake in shares of Calix by 304.1% in the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $1,538,000 after purchasing an additional 33,769 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Calix by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock valued at $6,249,000 after purchasing an additional 16,905 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Calix by 26.8% in the first quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after purchasing an additional 6,962 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Calix by 16,478.0% in the second quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock valued at $518,000 after purchasing an additional 9,722 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Price Performance

The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 50.51 and a beta of 1.23. The firm has a 50-day moving average price of $38.54 and a two-hundred day moving average price of $46.37.

Calix (NYSE:CALX) last announced its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.Calix’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 EPS. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, equities analysts predict that Calix, Inc will post 0.83 EPS for the current year.

Calix announced that its Board of Directors has approved a share buyback program on Tuesday, April 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.