Calix (NYSE:CALX) to Repurchase $100.00 million in Outstanding Shares

Key Points

• Calix's board approved a share repurchase program to buy back $100.00 million of stock, equal to roughly 3% of outstanding shares, aimed at supporting the share price and offsetting dilution.
• Calix beat Q1 estimates with EPS of $0.40 and revenue of $279.98M (revenue +27.2% YoY) and issued raised Q2 2026 guidance (EPS $0.35–$0.45), indicating continued revenue momentum.
• Shares fell about 3.5% to $49.74 on the news; analysts maintain a consensus "Moderate Buy" with a $71.67 target, though some firms lowered ratings/targets and recent long‑ and short‑term performance rights pose potential future dilution.

Calix (NYSE:CALX - Get Free Report) declared that its board has approved a share buyback program on Tuesday, April 21st, RTT News reports. The company plans to buyback $100.00 million in shares. This buyback authorization authorizes the communications equipment provider to purchase up to 3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of Calix from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Zacks Research cut shares of Calix from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 16th. Needham & Company LLC reduced their price objective on shares of Calix from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of Calix from $90.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 16th. Finally, Weiss Ratings raised shares of Calix from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Monday, February 23rd. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.

Calix Stock Down 3.5%

Shares of Calix stock traded down $1.81 during trading on Tuesday, reaching $49.74. The company's stock had a trading volume of 1,915,205 shares, compared to its average volume of 793,944. The business's 50-day moving average price is $50.97 and its 200-day moving average price is $54.60. The firm has a market cap of $3.21 billion, a PE ratio of 198.94 and a beta of 1.53. Calix has a 52 week low of $35.70 and a 52 week high of $71.22.

Calix (NYSE:CALX - Get Free Report) last announced its earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The company had revenue of $279.98 million during the quarter, compared to analysts' expectations of $277.50 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. Calix's quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. Equities analysts predict that Calix will post 0.87 earnings per share for the current year.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q1 beat — Calix reported Q1 EPS of $0.40 and revenue of $279.98M, topping consensus estimates and showing meaningful year-over-year EPS improvement. This supports growth expectations. Calix (CALX) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Raised Q2 2026 guidance — management set Q2 EPS guidance of $0.350–$0.450 (above consensus) and revenue guidance ~$287–$293M (above consensus), signaling continued revenue momentum. Q1 Press Release / Guidance
• Positive Sentiment: Buyback increase — the board authorized an additional $100M for stock repurchases (added to the roughly $63.4M remaining at quarter-end), which can support the share price and offset dilution over time. Calix Increases Stock Repurchase Authorization
• Positive Sentiment: Cash unlock and refocus — Calix restructured a lithium mid‑stream project with PLS, unlocking A$11.4M and refocusing on core decarbonization markets, improving near-term cash and strategic focus. Calix Restructures Lithium Mid-Stream Project
• Neutral Sentiment: Investor Day planned — management will host Investor Day at the NYSE to outline the next phase of Calix One and long-term strategy; useful for longer-term visibility but timing/outcomes are uncertain. Calix Releases Q1 Results; To Host Investor Day
• Negative Sentiment: Long‑term incentive grants — Calix issued 486,445 unquoted long‑term performance rights under its incentive plan, which could lead to future share issuance/dilution if performance targets are met. Calix Grants 486,445 Unquoted Performance Rights
• Negative Sentiment: Short‑term incentive grants — Calix also issued 160,527 short‑term performance rights under its employee scheme, another potential near-term dilution source tied to performance payouts. Calix Grants 160,527 Short-Term Incentive Performance Rights

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.

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