Calix (NYSE:CALX) Rating Increased to Outperform at Northland Securities

Posted by Ethan Ryder on Jul 21st, 2026

Calix (NYSE:CALX – Get Free Report) was upgraded by stock analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, MarketBeat reports. The firm currently has a $52.00 price objective on the communications equipment provider’s stock. Northland Securities’ price target points to a potential upside of 44.10% from the stock’s current price.

CALX has been the subject of several other research reports. Roth Capital reiterated a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Needham & Company LLC lowered their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings downgraded shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Rosenblatt Securities dropped their target price on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Calix currently has an average rating of “Moderate Buy” and an average target price of $64.86.

Get Our Latest Report on Calix

Calix Stock Down 5.9%

CALX traded down $2.27 during trading on Tuesday, hitting $36.09. The company’s stock had a trading volume of 3,216,973 shares, compared to its average volume of 1,118,592. Calix has a 12 month low of $34.26 and a 12 month high of $71.22. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 74.85 and a beta of 1.23. The firm’s 50 day moving average price is $38.62 and its two-hundred day moving average price is $46.48.

Calix (NYSE:CALX – Get Free Report) last announced its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. Calix’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, sell-side analysts forecast that Calix will post 0.83 earnings per share for the current year.

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

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the director owned 1,644,188 shares of the company’s stock, valued at approximately $71,127,572.88. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Trading of Calix

A number of institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB raised its position in shares of Calix by 8.5% in the second quarter. Handelsbanken Fonder AB now owns 22,900 shares of the communications equipment provider’s stock valued at $855,000 after buying an additional 1,800 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Calix during the 2nd quarter worth $31,000. Pacer Advisors Inc. increased its position in shares of Calix by 26.6% in the first quarter. Pacer Advisors Inc. now owns 8,255 shares of the communications equipment provider’s stock worth $404,000 after purchasing an additional 1,735 shares during the period. Bank of America Corp DE increased its position in shares of Calix by 63.3% in the first quarter. Bank of America Corp DE now owns 750,117 shares of the communications equipment provider’s stock worth $36,748,000 after purchasing an additional 290,661 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Calix in the first quarter valued at about $3,711,000. 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: Calix reported strong Q2 results, with earnings of $0.47 per share versus $0.40 expected and revenue of $293.3 million versus $290.0 million expected. Revenue rose 21.3% year over year, helped by broadband demand, appliance adoption, and cloud services growth. Article: Calix Releases Second Quarter 2026 Financial Results
Positive Sentiment: Management’s broader AI broadband strategy and expansion into recurring software and services suggests a longer-term growth opportunity beyond hardware sales. Article: Calix AI Broadband Strategy Shows Where Fiber Networks Are Heading
Neutral Sentiment: Several analyst notes framed the stock as a debate between improving growth and valuation concerns, with investors encouraged by AI-native broadband and recurring revenue trends but still watching execution. Article: Is CALX Stock a Buy or a Value Trap After Strong Earnings Growth?
Neutral Sentiment: Rosenblatt kept a buy rating but cut its price target to $55 from $70, signaling continued upside but more tempered expectations after the results. Article: Rosenblatt Securities price target cut
Negative Sentiment: Calix’s updated Q3 guidance calls for EPS of $0.37 to $0.45, which brackets but does not materially exceed estimates, and investors remain focused on margin pressure and execution risk. Article: Calix Releases Second Quarter 2026 Financial Results
Negative Sentiment: Multiple law firms issued reminders about a securities class action and July 27 lead-plaintiff deadline, adding legal overhang and uncertainty for CALX shareholders. Article: Investor Alert: Pomerantz Law Firm Reminds Investors…

About Calix

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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.