Brokers Issue Forecasts for Calix's Q3 Earnings (NYSE:CALX)

Key Points

• Northland Capital Markets raised their Q3 2025 earnings per share estimate for Calix from $0.02 to $0.09, signaling a positive outlook for the communications equipment provider.
• Research analysts have issued multiple "buy" ratings for Calix, with price targets ranging from $50.00 to $70.00, contributing to an average target price of $59.25.
• Calix is implementing a $100 million stock repurchase program, which may indicate that its board perceives the stock to be undervalued.

Calix, Inc (NYSE:CALX - Free Report) - Investment analysts at Northland Capmk boosted their Q3 2025 earnings per share estimates for shares of Calix in a note issued to investors on Tuesday, July 22nd. Northland Capmk analyst T. Savageaux now forecasts that the communications equipment provider will earn $0.09 per share for the quarter, up from their previous forecast of $0.02. The consensus estimate for Calix's current full-year earnings is ($0.43) per share. Northland Capmk also issued estimates for Calix's Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $0.12 EPS and FY2026 earnings at $0.59 EPS.

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

CALX has been the subject of several other reports. Roth Capital set a $50.00 target price on Calix and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Wall Street Zen upgraded Calix from a "hold" rating to a "strong-buy" rating in a research note on Saturday. Rosenblatt Securities upped their price objective on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Needham & Company LLC upped their price objective on Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, UBS Group restated a "buy" rating on shares of Calix in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $59.25.

Calix Price Performance

Shares of CALX stock traded up $0.94 during mid-day trading on Friday, hitting $56.23. The stock had a trading volume of 258,515 shares, compared to its average volume of 773,580. Calix has a 12-month low of $28.60 and a 12-month high of $57.90. The firm has a market capitalization of $3.67 billion, a P/E ratio of -140.39 and a beta of 1.37. The firm's 50-day moving average is $49.79 and its two-hundred day moving average is $41.79.

Calix declared that its Board of Directors has authorized a share repurchase plan 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 repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Insider Transactions at Calix

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new position in Calix during the 1st quarter valued at about $28,000. Signaturefd LLC increased its holdings in shares of Calix by 91.1% in the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock valued at $36,000 after purchasing an additional 480 shares during the period. Quarry LP increased its holdings in shares of Calix by 1,704.0% in the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider's stock valued at $48,000 after purchasing an additional 1,278 shares during the period. CWM LLC increased its holdings in shares of Calix by 112.6% in the second quarter. CWM LLC now owns 1,335 shares of the communications equipment provider's stock valued at $71,000 after purchasing an additional 707 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Calix by 119.7% in the second quarter. GAMMA Investing LLC now owns 1,472 shares of the communications equipment provider's stock valued at $78,000 after purchasing an additional 802 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

About Calix

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.