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Calix ( (CALX) ) has shared an update.
At its annual meeting of stockholders on May 14, 2026, Calix investors re-elected three Class I directors, including CEO Michael Weening and Chairman Carl Russo, to serve until the 2029 annual meeting and backed executive compensation on an advisory basis. Stockholders also ratified KPMG LLP as the independent auditor for fiscal 2026 and approved a stockholder proposal to adopt a simple majority voting standard, signaling support for changes in the company’s governance framework.
Shareholders voted to increase the shares reserved for issuance under the matching component of the Calix Amended and Restated Stock Purchase and Matching Plan by 672,300 shares, potentially expanding future equity participation for employees. The combination of director re-elections, compensation approval, auditor ratification, and governance reforms suggests broad, though not unanimous, investor support for Calix’s leadership, capital allocation approach, and corporate governance direction.
The most recent analyst rating on (CALX) stock is a Buy with a $62.00 price target. To see the full list of analyst forecasts on Calix stock, see the CALX Stock Forecast page.
Spark’s Take on CALX Stock
According to Spark, TipRanks’ AI Analyst, CALX is a Neutral.
The score is driven primarily by solid financial footing (low leverage and strong cash generation) and a constructive earnings outlook with upgraded 2026 revenue guidance. These positives are tempered by weak technical positioning (below key moving averages with negative MACD) and an expensive valuation (very high P/E), plus near-term margin headwinds discussed on the call.
To see Spark’s full report on CALX stock, click here.
More about Calix
Calix, Inc. is a technology company that operates in the communications and broadband infrastructure sector. The company focuses on providing platforms, systems, and software that enable broadband service providers to deliver advanced connectivity services to residential and business customers in competitive network markets.
Average Trading Volume: 959,441
Technical Sentiment Signal: Sell
Current Market Cap: $2.57B
For an in-depth examination of CALX stock, go to TipRanks’ Overview page.