Q3 EPS Estimates for Calix Reduced by Northland Securities

Key Points

• Northland Securities lowered its Q3 2026 EPS estimate for Calix to $0.20 from $0.23, though it kept an Outperform rating and $52 price target on the stock. The firm also raised its FY2026 EPS estimate to $0.93.
• Calix recently beat quarterly expectations, reporting $0.47 EPS on revenue of $293.33 million, both above analyst forecasts. The company said it expects Q3 2026 EPS in a range of $0.37 to $0.45.
• Analyst sentiment remains mixed but generally positive, with seven Buy ratings, one Hold, and one Sell, and an average price target of $63.86. However, some firms have trimmed their targets, reflecting caution around near-term growth and valuation.

Calix, Inc (NYSE:CALX - Free Report) - Analysts at Northland Securities decreased their Q3 2026 earnings per share (EPS) estimates for shares of Calix in a research report issued on Tuesday, July 21st. Northland Securities analyst T. Savageaux now forecasts that the communications equipment provider will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.23. Northland Securities has a "Outperform" rating and a $52.00 price objective on the stock. The consensus estimate for Calix's current full-year earnings is $0.83 per share. Northland Securities also issued estimates for Calix's Q4 2026 earnings at $0.28 EPS and FY2026 earnings at $0.93 EPS.

Several other analysts have also recently commented on CALX. Roth Capital restated a "buy" rating on shares of Calix in a research note on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of Calix from $65.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday. Rosenblatt Securities reduced their price target on Calix from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday. Zacks Research cut shares of Calix from a "hold" rating to a "strong sell" rating in a report on Monday. Finally, Wall Street Zen cut Calix from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $63.86.

Calix Stock Down 0.4%

Shares of NYSE CALX opened at $35.69 on Friday. Calix has a 52 week low of $34.26 and a 52 week high of $71.22. The business's 50 day moving average price is $38.36 and its 200 day moving average price is $46.12. The firm has a market cap of $2.25 billion, a P/E ratio of 48.23 and a beta of 1.23.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The firm had revenue of $293.33 million during the quarter, compared to analysts' expectations of $289.96 million. During the same period last year, the business posted $0.33 earnings per share. The company's revenue for the quarter was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS.

Calix declared that its board has authorized a share buyback program on Tuesday, April 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the sale, the director owned 1,644,188 shares of the company's stock, valued at $71,127,572.88. The trade was a 1.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Calix

Several hedge funds and other institutional investors have recently modified their holdings of CALX. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Calix during the 4th quarter worth approximately $57,915,000. Arrowstreet Capital Limited Partnership grew its position in shares of Calix by 214.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider's stock valued at $78,212,000 after purchasing an additional 868,987 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Calix by 67.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,145,292 shares of the communications equipment provider's stock valued at $60,620,000 after purchasing an additional 461,196 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Calix in the fourth quarter valued at approximately $19,856,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Calix by 397,798.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 350,151 shares of the communications equipment provider's stock valued at $18,533,000 after purchasing an additional 350,063 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Northland Securities raised its full-year FY2026 EPS estimate for Calix to $0.93 from $0.81, and also lifted its Q4 2026 estimate to $0.28, signaling improved earnings expectations. Northland Securities estimate updates
• Positive Sentiment: Northland reiterated an “Outperform” rating and a $52 price target, suggesting meaningful upside from current levels if execution improves. Northland Securities rating and target
• Positive Sentiment: Calix announced another customer win, with Conexon Connect using Calix Agent Workforce Cloud to expand growth across residential, business, and MDU markets, which supports the company’s AI broadband strategy. Conexon Connect chooses Calix
• Neutral Sentiment: Reports highlighted Calix’s “record earnings” and AI broadband expansion, which may help investor confidence, but these articles were more interpretive than new company disclosures. Rural AI broadband reach article
• Neutral Sentiment: JPMorgan reportedly cut its price target on Calix while keeping an “overweight” view, reinforcing that analysts still like the business but are becoming more cautious on near-term valuation and growth. JPMorgan pessimistic forecast article
• Negative Sentiment: Multiple law firms announced or reminded investors about a securities class action tied to Calix, with a July 27 lead-plaintiff deadline, adding legal uncertainty and potential distraction. Class action deadline article
• Negative Sentiment: Additional commentary said Calix hit a new 52-week low after an analyst downgrade, underscoring persistent bearish pressure on the stock. New 52-week low on analyst downgrade

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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