Calix (NYSE:CALX) Hits New 1-Year Low – Should You Sell?

Calix, Inc (NYSE:CALX)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $37.41 and last traded at $37.64, with a volume of 180292 shares. The stock had previously closed at $38.34.

Trending Headlines about Calix

Here are the key news stories impacting Calix this week:

• Negative Sentiment: Multiple law firms, including Rosen, Schall, DJS, Pomerantz, Kirby McInerney, and others, announced or reminded investors about a securities fraud class action against Calix, adding legal overhang and potential settlement risk. Article Title
• Negative Sentiment: One alert specifically cited allegations that Calix’s “record margins were propped up” by a dwindling supply of pre-purchased memory components, which could increase concern about the quality of prior earnings results. Article Title
• Neutral Sentiment: The lawsuits center on allegations of violations of federal securities laws, with a lead-plaintiff deadline around July 27, 2026; these notices are procedural but keep the issue in the spotlight for investors. Article Title

Analyst Ratings Changes

Several equities research analysts recently commented on CALX shares. Roth Mkm reissued a “buy” rating on shares of Calix in a report on Thursday, April 23rd. Northland Securities cut Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price target on the stock. in a report on Wednesday, April 22nd. Wall Street Zen raised Calix from a “buy” rating to a “strong-buy” rating in a report on Saturday. Needham & Company LLC dropped their price target on Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Calix currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Calix Price Performance

The company has a market cap of $2.36 billion, a P/E ratio of 76.94 and a beta of 1.23. The company has a fifty day simple moving average of $44.02 and a 200-day simple moving average of $50.15.

Calix (NYSE:CALX) last posted its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The company had revenue of $279.98 million for the quarter, compared to analysts’ expectations of $277.50 million. Calix had a return on equity of 4.30% and a net margin of 3.20%.The firm’s revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, analysts anticipate that Calix, Inc will post 0.85 EPS for the current year.

Calix declared that its board has authorized a stock repurchase program on Tuesday, April 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to repurchase up to 3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred 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 transaction, the director directly owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. The trade was a 1.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

Hedge Funds Weigh In On Calix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LVW Advisors LLC grew its holdings in shares of Calix by 2.0% during the 4th quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock valued at $511,000 after acquiring an additional 188 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Calix by 139.3% during the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 255 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Calix by 27.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after acquiring an additional 265 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in shares of Calix by 3.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock valued at $466,000 after acquiring an additional 270 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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.