Northland Securities Reduces Earnings Estimates for Calix

Key Points

• Northland Securities cut its FY2026 EPS forecast for Calix to $0.87 from $0.93, while maintaining an Outperform rating and a $52 price target. Its FY2026 estimate is slightly above the $0.85 consensus.
• Calix beat quarterly earnings expectations, reporting $0.44 EPS versus $0.42 forecast, while revenue of $301.71 million fell short of estimates; revenue rose 13.7% year over year.
• Analyst views remain generally positive: Calix has a Moderate Buy consensus and an average $55.80 price target, though JPMorgan lowered its target to $50 from $58.

Calix, Inc (NYSE:CALX - Free Report) - Equities researchers at Northland Securities decreased their FY2026 earnings estimates for shares of Calix in a research report issued to clients and investors on Wednesday, November 4th. Northland Securities analyst T. Savageaux now forecasts that the communications equipment provider will post earnings per share of $0.87 for the year, down from their prior forecast of $0.93. Northland Securities has an "Outperform" rating and a $52.00 price target on the stock. The consensus estimate for Calix's current full-year earnings is $0.85 per share. Northland Securities also issued estimates for Calix's Q4 2026 earnings at $0.19 EPS and FY2027 earnings at $1.68 EPS.

Calix (NYSE:CALX - Get Free Report) last posted its earnings results on Monday, November 2nd. The communications equipment provider reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Calix had a net margin of 3.99% and a return on equity of 5.67%. The firm had revenue of $301.71 million for the quarter, compared to analyst estimates of $304.23 million. During the same period in the previous year, the firm posted $0.44 EPS. The company's revenue for the quarter was up 13.7% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Zacks Research raised Calix from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. lowered their price objective on Calix from $58.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, November 4th. Weiss Ratings lowered Calix from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, October 26th. Wall Street Zen cut Calix from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, Rosenblatt Securities reissued a "buy" rating and set a $55.00 target price on shares of Calix in a research report on Wednesday, November 4th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Calix has a consensus rating of "Moderate Buy" and an average price target of $55.80.

Calix Stock Performance

Shares of NYSE:CALX opened at $30.58 on Monday. Calix has a 52 week low of $30.55 and a 52 week high of $65.00. The firm has a market cap of $1.89 billion, a PE ratio of 44.97 and a beta of 1.21. The firm's fifty day moving average is $35.60 and its 200-day moving average is $42.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Calix in the second quarter valued at approximately $439,461,000. Dimensional Fund Advisors LP grew its position in shares of Calix by 28.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider's stock worth $59,699,000 after buying an additional 269,876 shares during the period. Paradigm Capital Management Inc. NY grew its position in shares of Calix by 14.2% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 768,200 shares of the communications equipment provider's stock worth $37,634,000 after buying an additional 95,800 shares during the period. Bank of America Corp DE increased its stake in shares of Calix by 63.3% in the 1st quarter. Bank of America Corp DE now owns 750,117 shares of the communications equipment provider's stock valued at $36,748,000 after acquiring an additional 290,661 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Calix in the 3rd quarter valued at $32,090,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Northland Securities reiterated an Outperform rating and a $52 price target, estimating 2027 quarterly EPS of $0.33, $0.40, $0.47 and $0.48. The forecasts point to improving earnings through the year and provide a positive analyst signal. Northland Securities estimates and rating
• Positive Sentiment: A report highlights record revenue and Calix’s AI push as potential growth drivers, supporting the longer-term opportunity. Record Revenue And AI Push Could Be A Game Changer For Calix
• Positive Sentiment: Rosenblatt Securities reportedly maintained its Buy rating, indicating continued analyst support. Calix Stock Keeps Buy Rating at Rosenblatt Securities
• Negative Sentiment: JPMorgan issued a forecast described as pessimistic, adding a cautious analyst view. The available report does not specify the price target or reasoning. JPMorgan Issues Pessimistic Forecast for Calix
• Negative Sentiment: Calix disclosed rising FCC regulatory risks that could constrain router approvals and post-2029 firmware updates, potentially affecting product availability or support. Calix Faces Rising FCC Regulatory Risks

About Calix

Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.

The company's offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.

Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.

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