Stock Track | Calix Plunges 6.21% in Pre-market on Gross Margin Concerns and JP Morgan Price Target Cut

Stock Track04-22 16:46

Calix Inc. (CALX) shares plunged 6.21% in pre-market trading on Wednesday, extending a significant decline from the prior after-hours session.

The sharp drop follows the company's first-quarter 2026 earnings report, which showed adjusted earnings of $0.40 per share and revenue of $280 million, both exceeding analyst expectations. Despite the beat, investor sentiment turned negative due to emerging concerns over the company's future gross margin outlook.

Adding to the pressure, analysts at JP Morgan cut their price target on Calix stock to $65 from $70. The combination of margin worries and a reduced valuation target from a major financial institution appears to be driving the continued sell-off in the stock.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1123203509?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-22 16:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1123203509","market":"us","top_or_hot":-1,"title":"Stock Track | Calix Plunges 6.21% in Pre-market on Gross Margin Concerns and JP Morgan Price Target Cut","media":"Stock Track","content":"<p>Calix Inc. (CALX) shares plunged 6.21% in pre-market trading on Wednesday, extending a significant decline from the prior after-hours session.</p><p>The sharp drop follows the company's first-quarter 2026 earnings report, which showed adjusted earnings of $0.40 per share and revenue of $280 million, both exceeding analyst expectations. Despite the beat, investor sentiment turned negative due to emerging concerns over the company's future gross margin outlook.</p><p>Adding to the pressure, analysts at JP Morgan cut their price target on Calix stock to $65 from $70. The combination of margin worries and a reduced valuation target from a major financial institution appears to be driving the continued sell-off in the stock.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Calix Plunges 6.21% in Pre-market on Gross Margin Concerns and JP Morgan Price Target Cut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Calix Plunges 6.21% in Pre-market on Gross Margin Concerns and JP Morgan Price Target Cut\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-04-22 16:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Calix Inc. (CALX) shares plunged 6.21% in pre-market trading on Wednesday, extending a significant decline from the prior after-hours session.</p><p>The sharp drop follows the company's first-quarter 2026 earnings report, which showed adjusted earnings of $0.40 per share and revenue of $280 million, both exceeding analyst expectations. Despite the beat, investor sentiment turned negative due to emerging concerns over the company's future gross margin outlook.</p><p>Adding to the pressure, analysts at JP Morgan cut their price target on Calix stock to $65 from $70. The combination of margin worries and a reduced valuation target from a major financial institution appears to be driving the continued sell-off in the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CALX","symbol_name":"Calix Networks","start_time":0,"source_url":"","article_id":"1123203509","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1123203509","pubTimestamp":1776847603,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Calix Inc. (CALX) shares plunged 6.21% in pre-market trading on Wednesday, extending a significant decline from the prior after-hours session.The sharp drop follows the company's first-quarter 2026...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CALX":"Calix Networks"},"translate_title":"个股追踪|Calix盘前暴跌6.21%受毛利率担忧及摩根大通目标价下调影响","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CALX":1},"content_text":"Calix Inc. (CALX) shares plunged 6.21% in pre-market trading on Wednesday, extending a significant decline from the prior after-hours session.The sharp drop follows the company's first-quarter 2026 earnings report, which showed adjusted earnings of $0.40 per share and revenue of $280 million, both exceeding analyst expectations. Despite the beat, investor sentiment turned negative due to emerging concerns over the company's future gross margin outlook.Adding to the pressure, analysts at JP Morgan cut their price target on Calix stock to $65 from $70. The combination of margin worries and a reduced valuation target from a major financial institution appears to be driving the continued sell-off in the stock.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1123203509","isCrawlerRequest":true}