Q2 EPS Estimates for Calix Decreased by Northland Securities

Key Points

• Northland Securities cut its Q2 2026 EPS estimate for Calix to $0.16 (from $0.17) and assigned a Market Perform rating with a $52 price target, below the Street's consensus target of $67.
• Calix beat Q1 expectations with $0.40 EPS and $279.98M revenue and gave Q2 guidance of $0.35–$0.45 EPS, but management warned of margin compression that may pressure near‑term profitability.
• The board approved a $125 million share repurchase plan to support the stock, even as some brokers trimmed price targets and analysts flagged increased regulatory and legal risks (FCC/Homeland Security scrutiny and a securities‑fraud probe).

Calix, Inc (NYSE:CALX - Free Report) - Stock analysts at Northland Securities reduced their Q2 2026 earnings per share (EPS) estimates for shares of Calix in a research report issued on Wednesday, April 22nd. Northland Securities analyst T. Savageaux now expects that the communications equipment provider will earn $0.16 per share for the quarter, down from their prior forecast of $0.17. Northland Securities currently has a "Market Perform" rating and a $52.00 target price 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 FY2026 earnings at $0.81 EPS.

A number of other analysts also recently commented on the company. Rosenblatt Securities restated a "buy" rating and set a $70.00 price objective on shares of Calix in a report on Wednesday, April 22nd. Craig Hallum set a $60.00 price objective on Calix in a report on Friday, January 30th. Roth Mkm restated a "buy" rating on shares of Calix in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on Calix from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, April 22nd. Finally, Wall Street Zen cut shares of Calix from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 18th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.

Calix Stock Down 0.3%

CALX stock opened at $43.27 on Monday. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 90.15 and a beta of 1.53. The business has a fifty day simple moving average of $50.38 and a 200-day simple moving average of $54.25. Calix has a 52 week low of $38.54 and a 52 week high of $71.22.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. The business had revenue of $279.98 million during the quarter, compared to the consensus estimate of $277.50 million. Calix had a return on equity of 4.30% and a net margin of 3.20%.The business's revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS.

Hedge Funds Weigh In On Calix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clearstead Advisors LLC boosted its position in Calix by 139.3% in the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider's stock valued at $27,000 after buying an additional 255 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Calix by 63.0% in the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider's stock valued at $29,000 after buying an additional 213 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Calix in the 2nd quarter valued at about $30,000. Whittier Trust Co. boosted its position in Calix by 541.0% in the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider's stock valued at $38,000 after buying an additional 541 shares during the last quarter. Finally, Covestor Ltd boosted its position in Calix by 125.4% in the 3rd quarter. Covestor Ltd now owns 656 shares of the communications equipment provider's stock valued at $40,000 after buying an additional 365 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix declared that its board has authorized a share repurchase plan on Wednesday, January 28th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the communications equipment provider to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Key Headlines Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Board expands share repurchase authorization by $100M, increasing capital-return optionality and supporting the stock. Article Title
• Positive Sentiment: Wall Street buy-side support: Needham and Rosenblatt reaffirmed bullish views (Needham kept a Buy rating; Rosenblatt reaffirmed Buy), helping demand despite mixed headlines. Article Title Article Title
• Neutral Sentiment: Q1 results beat consensus (EPS and revenue), and management set Q2 guidance — a positive top-line growth signal but the earnings call highlighted margin compression that could temper near-term profitability. Market reaction has been mixed. Article Title
• Neutral Sentiment: Analysts modestly tweaked quarterly EPS estimates: Northland trimmed Q3 to $0.23 and nudged Q4 to $0.25 while assigning a Market Perform / Hold and $52 target — small estimate moves that signal caution but not a major directional shift. Article Title
• Negative Sentiment: Price-target cuts from some brokers: JPMorgan lowered its target to $65 and Needham trimmed its target to $62 (while keeping a Buy), which can cap upside and signal less near-term enthusiasm. Article Title Article Title
• Negative Sentiment: Regulatory risk increased: reports highlight rising FCC and Homeland Security scrutiny that could raise compliance costs, pressure margins, or push customers to competitors over security/regulatory requirements. This is a structural risk investors will watch closely. Article Title
• Negative Sentiment: Legal risk: a securities fraud investigation was announced, which can create headline risk and investor uncertainty until resolved. Article Title

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.