Calix (NYSE:CALX) Issues Q3 2026 Earnings Guidance

Calix (NYSE:CALX) updated its third quarter 2026 earnings guidance on Monday morning. The company provided EPS guidance of 0.370-0.450 for the period, compared to the consensus earnings per share estimate of 0.420. The company issued revenue guidance of $301.0 million-$307.0 million, compared to the consensus revenue estimate of $301.8 million.

Wall Street Analysts Forecast Growth

CALX has been the subject of several recent research reports. Needham & Company LLC dropped 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 Calix from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a research report on Tuesday. Roth Capital restated a “buy” rating on shares of Calix in a research note on Tuesday. Finally, Rosenblatt Securities decreased their target price on Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.86.

Calix Trading Down 2.5%

Calix stock opened at $37.38 on Wednesday. The stock has a market cap of $2.38 billion, a P/E ratio of 50.51 and a beta of 1.23. The stock has a 50 day moving average of $38.54 and a 200-day moving average of $46.37. Calix has a 52 week low of $34.26 and a 52 week high of $71.22.

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

Calix declared that its Board of Directors has initiated a stock buyback 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 purchase up to 3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction 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 owned 1,644,188 shares of the company’s stock, valued at $71,127,572.88. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by corporate insiders.

Key Headlines Impacting 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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its stake in Calix by 79.5% during the fourth quarter. Pacer Advisors Inc. now owns 6,520 shares of the communications equipment provider’s stock worth $345,000 after acquiring an additional 2,888 shares during the period. Invesco Ltd. boosted its position in shares of Calix by 19.9% during the fourth quarter. Invesco Ltd. now owns 577,771 shares of the communications equipment provider’s stock worth $30,581,000 after buying an additional 95,738 shares during the period. Strive Financial Group LLC bought a new position in Calix in the 4th quarter worth approximately $40,000. Vident Advisory LLC increased its position in Calix by 2.8% in the 4th quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock valued at $559,000 after acquiring an additional 287 shares during the period. Finally, Mackenzie Financial Corp increased its position in Calix by 45.2% in the 4th quarter. Mackenzie Financial Corp now owns 58,057 shares of the communications equipment provider’s stock valued at $3,070,000 after acquiring an additional 18,084 shares during the period. 98.14% of the stock is currently owned by institutional investors.

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.