Stock Track | Calix Plummets 11.89% in Pre-Market on Gross Margin Headwinds and Analyst Downgrades

Stock Track04-22 21:42

Calix Inc. (CALX) shares plummeted 11.89% in pre-market trading on Wednesday, as investor sentiment turned negative following concerns over the company's gross margin outlook and subsequent analyst downgrades.

The sharp decline comes despite the cloud and software platform provider reporting first-quarter results that beat estimates. The primary driver behind the sell-off appears to be the company's revised forecast, indicating that gross margins are expected to fall by 50 to 150 basis points in 2026 due to memory component cost headwinds. This marks a significant shift from previous expectations of a 100 to 200 basis point expansion.

Adding pressure to the stock, several financial institutions revised their ratings and price targets. Northland Securities downgraded Calix to Market Perform from Outperform and slashed its price target to $52 from $75. Similarly, JPMorgan lowered its price target to $65 from $70, citing margin headwinds and lowering near-term earnings expectations.

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/1164298840?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-22 21:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1164298840","market":"nz","top_or_hot":-1,"title":"Stock Track | Calix Plummets 11.89% in Pre-Market on Gross Margin Headwinds and Analyst Downgrades","media":"Stock Track","content":"<p>Calix Inc. (CALX) shares plummeted 11.89% in pre-market trading on Wednesday, as investor sentiment turned negative following concerns over the company's gross margin outlook and subsequent analyst downgrades.</p><p>The sharp decline comes despite the cloud and software platform provider reporting first-quarter results that beat estimates. The primary driver behind the sell-off appears to be the company's revised forecast, indicating that gross margins are expected to fall by 50 to 150 basis points in 2026 due to memory component cost headwinds. This marks a significant shift from previous expectations of a 100 to 200 basis point expansion.</p><p>Adding pressure to the stock, several financial institutions revised their ratings and price targets. Northland Securities downgraded Calix to Market Perform from Outperform and slashed its price target to $52 from $75. Similarly, JPMorgan lowered its price target to $65 from $70, citing margin headwinds and lowering near-term earnings expectations.</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 Plummets 11.89% in Pre-Market on Gross Margin Headwinds and Analyst Downgrades</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 Plummets 11.89% in Pre-Market on Gross Margin Headwinds and Analyst Downgrades\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 21:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Calix Inc. (CALX) shares plummeted 11.89% in pre-market trading on Wednesday, as investor sentiment turned negative following concerns over the company's gross margin outlook and subsequent analyst downgrades.</p><p>The sharp decline comes despite the cloud and software platform provider reporting first-quarter results that beat estimates. The primary driver behind the sell-off appears to be the company's revised forecast, indicating that gross margins are expected to fall by 50 to 150 basis points in 2026 due to memory component cost headwinds. This marks a significant shift from previous expectations of a 100 to 200 basis point expansion.</p><p>Adding pressure to the stock, several financial institutions revised their ratings and price targets. Northland Securities downgraded Calix to Market Perform from Outperform and slashed its price target to $52 from $75. Similarly, JPMorgan lowered its price target to $65 from $70, citing margin headwinds and lowering near-term earnings expectations.</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":"1164298840","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164298840","pubTimestamp":1776865321,"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 plummeted 11.89% in pre-market trading on Wednesday, as investor sentiment turned negative following concerns over the company's gross margin outlook and subsequent analyst...","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11.89%毛利率逆风及分析师下调评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CALX":1},"content_text":"Calix Inc. (CALX) shares plummeted 11.89% in pre-market trading on Wednesday, as investor sentiment turned negative following concerns over the company's gross margin outlook and subsequent analyst downgrades.The sharp decline comes despite the cloud and software platform provider reporting first-quarter results that beat estimates. The primary driver behind the sell-off appears to be the company's revised forecast, indicating that gross margins are expected to fall by 50 to 150 basis points in 2026 due to memory component cost headwinds. This marks a significant shift from previous expectations of a 100 to 200 basis point expansion.Adding pressure to the stock, several financial institutions revised their ratings and price targets. Northland Securities downgraded Calix to Market Perform from Outperform and slashed its price target to $52 from $75. Similarly, JPMorgan lowered its price target to $65 from $70, citing margin headwinds and lowering near-term earnings expectations.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"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/1164298840","isCrawlerRequest":true}