Brokers Set Expectations for Calix's Q3 Earnings (NYSE:CALX)

Key Points

• Roth Capital has increased its Q3 2025 earnings per share estimate for Calix to $0.09, up from a previous forecast of ($0.01), maintaining a "Buy" rating with a price target of $50.00.
• Calix reported $0.33 earnings per share for its last quarter, exceeding analysts' expectations and showing a revenue increase of 22.1% year-over-year.
• Insider selling was noted, with CFO Cory Sindelar selling 10,000 shares at an average price of $56.00, indicating a reduction in their stake in the company.

Calix, Inc (NYSE:CALX - Free Report) - Research analysts at Roth Capital upped their Q3 2025 EPS estimates for shares of Calix in a report released on Tuesday, July 22nd. Roth Capital analyst S. Searle now forecasts that the communications equipment provider will post earnings per share of $0.09 for the quarter, up from their previous estimate of ($0.01). Roth Capital currently has a "Buy" rating and a $50.00 target price on the stock. The consensus estimate for Calix's current full-year earnings is ($0.43) per share. Roth Capital also issued estimates for Calix's Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.14 EPS, Q1 2026 earnings at $0.13 EPS, Q2 2026 earnings at $0.09 EPS, Q4 2026 earnings at $0.19 EPS and FY2026 earnings at $0.60 EPS.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.41. Calix had a negative net margin of 3.09% and a negative return on equity of 3.21%. The company had revenue of $241.90 million for the quarter, compared to the consensus estimate of $223.81 million. During the same period last year, the company earned $0.09 earnings per share. The firm's revenue was up 22.1% compared to the same quarter last year.

A number of other equities analysts have also recently commented on CALX. Needham & Company LLC lifted their price objective on shares of Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Wall Street Zen raised shares of Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday. Rosenblatt Securities boosted their target price on shares of Calix from $56.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Wolfe Research began coverage on shares of Calix in a research report on Monday, July 7th. They issued a "peer perform" rating for the company. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.25.

Calix Trading Up 1.7%

Shares of NYSE CALX traded up $0.94 during midday trading on Friday, reaching $56.23. The company's stock had a trading volume of 258,515 shares, compared to its average volume of 773,580. Calix has a fifty-two week low of $28.60 and a fifty-two week high of $57.90. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -140.39 and a beta of 1.37. The stock has a 50 day simple moving average of $49.79 and a 200-day simple moving average of $41.79.

Calix announced that its board has initiated a share buyback program on Monday, April 21st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, CFO Cory Sindelar sold 10,000 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $56.00, for a total value of $560,000.00. Following the sale, the chief financial officer directly owned 76,285 shares in the company, valued at approximately $4,271,960. The trade was a 11.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.90% of the company's stock.

Institutional Trading of Calix

A number of institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its position in Calix by 112.6% during the second quarter. CWM LLC now owns 1,335 shares of the communications equipment provider's stock valued at $71,000 after buying an additional 707 shares during the period. KLP Kapitalforvaltning AS boosted its position in Calix by 9.0% in the second quarter. KLP Kapitalforvaltning AS now owns 13,300 shares of the communications equipment provider's stock worth $707,000 after purchasing an additional 1,100 shares during the last quarter. Cooper Financial Group purchased a new position in shares of Calix during the 2nd quarter valued at about $238,000. LVW Advisors LLC lifted its holdings in Calix by 50.4% in the 2nd quarter. LVW Advisors LLC now owns 9,571 shares of the communications equipment provider's stock worth $509,000 after purchasing an additional 3,206 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Calix by 36.0% in the 2nd quarter. Signaturefd LLC now owns 1,370 shares of the communications equipment provider's stock worth $73,000 after purchasing an additional 363 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Company Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.