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CALX
Volume: 326

Calix (CALX) Stock Forecast & Price Target

Calix (CALX) Analyst Ratings

Based on 4 analyst ratings
Buy
Strong Buy 50%
Buy 50%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

Calix is attractive because its Calix One platform is now commercially available, customer migrations are largely complete, and 2Q26 showed strong underlying demand with revenue up 21% Y/Y to $293mn, RPOs up 12% Y/Y to $386mn, and 14 new platform customers added. Its Software & Service engine is strengthening as cloud duplicate costs roll off, with 2Q26 gross margin at 63.8% and management expecting record-high S&S margins and sequential RPO acceleration through 2026, while Opex is guided below prior estimates at $123.5mn-$125.5mn. Despite memory-related pressure on Appliance margins, management’s monthly surcharge adjustments, expected 4Q26 recovery, and 2027 operating leverage from AI-enabled efficiencies support a favorable long-term earnings and margin outlook.

Bears say

Calix is facing fundamental pressure from deteriorating appliance gross margins, which fell to 52.9% in 2Q26 as higher memory costs and delayed surcharge recovery drove total gross margins down to 54.8% from 57.2% in the prior quarter. The company’s heavy reliance on future Agentic AI adoption adds execution risk, while a macro slowdown, competition from satellite and fixed wireless, and possible changes or delays in broadband stimulus programs could all reduce fiber demand and narrow its market opportunity. Although cash and cash equivalents were $194mn, down ~$49mn Q/Q, the decline alongside $69.4mn of repurchases and inventory turns of 2.7x below target suggests limited financial flexibility if margins and demand remain under pressure.

Calix (CALX) has been analyzed by 4 analysts, with a consensus rating of Buy. 50% of analysts recommend a Strong Buy, 50% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Calix and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Calix (CALX) Forecast

Analysts have given Calix (CALX) a Buy based on their latest research and market trends.

According to 4 analysts, Calix (CALX) has a Buy consensus rating as of Oct 9, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $56.75, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $56.75, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Calix (CALX)

Volume: 326

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