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Calix, Inc.

CALX · NYSE

Market closed$39.14$0.510000 (+1.32%)After hours $39.75 · +1.56%

Key statistics

Previous close$39.14
Open$37.86
Day high$39.51
Day low$37.68
52-week high$71.22
52-week low$34.86
Market cap2.50B
Volume1.22M
Average volume1.15M
P/E ratio25.09
Forward P/E—
EPS1.56
Dividend yield0.00%

Market context

Why it moved

CALX edged higher as investor anticipation built ahead of Calix's Q2 2026 earnings report due after market close on July 20th, with analysts projecting strong year-over-year EPS and revenue growth and the company boasting a 100% track record of beating EPS estimates over the past two years — offsetting headwinds from an ongoing securities class action lawsuit related to gross margin declines.

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What is happening

Recent company-specific developments and publisher coverage.

July 20, 2026Calix shares edged higher in Friday's session and are holding near those gains in Monday pre-market, but attention is firmly on today's after-close Q2 earnings report, where analysts expect EPS of $0.40 (+21% YoY) and revenue of ~$290M (+20% YoY). Fresh AI platform wins — including Consolidated Business Services selecting Calix's AI-native Calix One Platform and Agent Workforce Cloud — have bolstered the growth narrative, though the stock remains down ~27% over the past year and faces an active securities class action lawsuit (July 27 deadline) alleging margin disclosure failures tied to memory component purchasing.

1.3202

July 18, 2026Calix closed modestly higher ahead of its Q2 2026 earnings report scheduled for July 20, even as broader software stocks faced headwinds from AI-driven budget pressures. Investors are focused on the upcoming results, where revenue is estimated at $289.96M and EPS at $0.40—building on a streak of beats including a +59% EPS surprise in Q2 2025. Offsetting optimism is a newly announced securities fraud lawsuit targeting shareholders with losses, while fresh customer wins—including Consolidated Business Services selecting the AI-native Calix One platform for eight rural cooperatives—signal continued platform momentum.

1.3202

July 17, 2026Calix shares declined amid a broader tech selloff driven by semiconductor weakness and lingering software sector anxiety following IBM's historic earnings miss earlier in the week. Despite the macro headwinds, Calix announced positive customer wins—CBS selected its AI-native Calix One platform for eight rural broadband cooperatives—and Q2 earnings are due July 20, with analysts expecting EPS of $0.41 vs. $0.33 a year ago. A pending securities class action lawsuit, tied to gross margin guidance cuts disclosed in April, adds an overhang ahead of results.

-2.1282

July 15, 2026Calix edged higher on Tuesday, outperforming a broadly pressured software sector that was rocked by IBM's historic 25% single-day collapse after warning of a Q2 revenue shortfall tied to clients reprioritizing capex toward memory hardware. While peers like ServiceNow, Salesforce, and Workday fell sharply on fears that AI infrastructure spending is cannibalizing software budgets, Calix's telecom-focused cloud platform business showed relative resilience — though the stock remains under pressure from an active securities class action lawsuit alleging the company concealed that its record Q1 gross margins were temporarily sustained by advanced memory component purchases at below-market prices. With the July 27 lead plaintiff deadline approaching and Q2 earnings on deck next week, investors face a critical near-term window that could either validate or deepen concerns about Calix's margin trajectory.

1.0497

July 15, 2026Calix shares fell amid a broad software sector selloff triggered by IBM's shocking preliminary Q2 earnings warning, which revealed that AI-driven memory component shortages are squeezing software budgets — a dynamic that directly mirrors Calix's own margin headaches. Compounding the pressure, multiple securities class action law firms are circling a July 27 lead plaintiff deadline, alleging Calix misled investors about the sustainability of its record Q1 gross margins, which were later revealed to have been propped up by advance memory purchases that had since run out. Despite the legal and sector-wide turbulence, Wall Street expects Calix to report earnings growth next week, and recent customer wins — including Alaska Communications Systems and Tipmont REMC adopting its AI-native Calix One platform — offer a constructive counterpoint for longer-term investors.

-1.6864

July 14, 2026Calix declined as a wave of securities class action lawsuit reminders dominated the news cycle, with multiple law firms—including Faruqi & Faruqi, Schall Law, Rosen Law, and Levi & Korsinsky—alerting investors to the July 27, 2026 lead plaintiff deadline. The lawsuits allege Calix misled investors by concealing that its record 58% Q1 non-GAAP gross margins were artificially sustained by pre-purchased memory components at below-market prices; when the CFO disclosed on April 21 that 'advanced supply has run its course,' shares plunged nearly 14% in a single session. After-hours trading showed a partial recovery of roughly 3.65%, though the litigation overhang and ongoing margin pressure concerns continue to weigh on investor sentiment amid a broader market pullback driven by U.S.-Iran tensions and a mixed start to Q2 earnings season.

-1.6341

July 11, 2026Calix rose amid a steady stream of AI platform customer wins, including Garden Valley Technologies and Velocity Network adopting Calix One and Agent Workforce Cloud — yet a looming securities fraud class action lawsuit, with a July 27 lead plaintiff deadline, remains a key overhang for investors. Multiple law firms are actively alerting shareholders to the suit, which alleges materially false statements about business operations and growth prospects between January 28 and April 21, 2026. With Q2 2026 earnings due July 20, analyst Rosenblatt maintains a Buy/$70 price target, citing growing platform adoption and a projected 5-year EPS growth rate of ~38%.

1.6612

July 10, 2026Calix surged over 5% as investors responded to a strong customer win announcement and growing optimism ahead of the company's Q2 2026 earnings report scheduled for July 20. Garden Valley Technologies highlighted an 8% ARPU lift and 62% SmartLife take rates after deploying Calix's AI-native platform, reinforcing the platform's value proposition at a time when the broader software sector faces AI disruption fears. The move stands out against a cautious macro backdrop of renewed US-Iran tensions and software sector headwinds, with a pending securities fraud lawsuit related to memory component margins adding a note of investor caution.

5.1893

Simply Wall Street · July 20, 2026Calix (CALX) Following New AI Platform Wins Still Looks Undervalued In The Bull CaseGuruFocus · July 19, 2026Calix (CALX) Set to Report Q2 Earnings with Strong Growth ExpectationsFierce Network · July 18, 2026CBS selects AI-native Calix One for 8 rural cooperativesBusiness Wire · July 16, 2026CBS Selects AI-Native Calix One To Transform How 8 Rural Cooperatives Win Across Residential, Business, and Multifamily PropertiesInvesting.com · July 16, 2026Consolidated Business Services selects Calix AI platformTradingView · July 16, 2026Calix Inc expected to post earnings of 40 cents a share - Earnings PreviewBusiness Wire · April 21, 2026Calix Releases First Quarter 2026 Financial Results; To Host Investor Day 2026 at the NYSE, Outlining Next Phase of Long-Term Growth Strategy Powered by Calix One
Mt Newswire · July 16, 2026Calix One Platform Selected by Consolidated Business Services to Lower Costs, Scale Expertise
Benzinga · July 16, 2026Calix Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Mt Newswire · July 7, 2026Calix Says Garden Valley Technologies Extends Investment in AI-Native Marketing Agents
Benzinga · June 30, 2026Calix Expands Partnership With Tipmont REMC To Deploy AI-Native Calix One Agent Workforce Cloud Platform
Mt Newswire · June 25, 2026Calix Reports Investment From Velocity Network
Benzinga · June 25, 2026Velocity Network Investing In Calix Agent Workforce Cloud; Terms Not Disclosed
Mt Newswire · June 24, 2026Calix Launches New Capabilities for SmartMDU
Mt Newswire · June 16, 2026Calix, SC Expand Partnership

Peers

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