Calix (NYSE:CALX) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Calix (NYSE:CALX) posted its earnings results on Monday. The communications equipment provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07, FiscalAI reports. The business had revenue of $293.33 million during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.33 EPS. Calix updated its Q3 2026 guidance to 0.370-0.450 EPS.

Calix Stock Down 2.5%

NYSE CALX opened at $37.38 on Wednesday. The firm has a market cap of $2.38 billion, a P/E ratio of 50.51 and a beta of 1.23. Calix has a 52-week low of $34.26 and a 52-week high of $71.22. The business’s 50-day moving average price is $38.54 and its 200 day moving average price is $46.37.

Calix announced that its Board of Directors has authorized a stock repurchase program on Tuesday, April 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the communications equipment provider to buy up to 3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have commented on CALX shares. Rosenblatt Securities cut their price target 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 downgraded Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday. Needham & Company LLC decreased their price objective on Calix from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. JPMorgan Chase & Co. lowered their target price on shares of Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Weiss Ratings cut shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.86.

Trending Headlines about Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported record Q2 revenue of $293.3 million and EPS of $0.47, both above estimates, with revenue up 21.3% year over year. Management also highlighted continued growth in broadband software, recurring services, and cloud adoption. Article Title
• Positive Sentiment: Northland Securities upgraded CALX to outperform and raised its price target to $52, signaling confidence in the company’s growth strategy. Article Title
• Positive Sentiment: Several analysts framed Calix’s AI-native broadband strategy and recurring revenue expansion as a potential long-term growth driver, which may help support sentiment. Article Title

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the completion of the sale, the director directly owned 1,644,188 shares of the company’s stock, valued at approximately $71,127,572.88. This trade represents a 1.50% decrease in their position. 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. 17.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Calix

Several hedge funds have recently modified their holdings of the stock. First Trust Advisors LP purchased a new position in Calix during the 3rd quarter worth $410,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Calix in the 3rd quarter worth $386,000. Marshall Wace LLP lifted its stake in shares of Calix by 80.0% in the 4th quarter. Marshall Wace LLP now owns 7,254 shares of the communications equipment provider’s stock worth $384,000 after acquiring an additional 3,225 shares during the period. Armistice Capital LLC purchased a new stake in shares of Calix in the fourth quarter valued at about $293,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Calix by 28.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,522 shares of the communications equipment provider’s stock valued at $239,000 after acquiring an additional 992 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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.