Security Investigation
Calix, Inc. (NYSE: CALX)
61 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until July 28, 2026 to file lead plaintiff applications in a securities class action lawsuit against Calix, Inc. (NYSE: CALX) (“Calix” or the “Company”).
Calix. and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On April 21, 2026, post-market, Calix reported its 1Q 2026 financial results, disclosing that non-GAAP gross margin declined 80 basis points sequentially to 57.2%. The Company further guided second quarter 2026 non-GAAP gross margin to approximately 55.8% at the midpoint, representing an additional sequential decline of 140 basis points, which management attributed primarily to increased memory component costs. In the accompanying earnings call, the Company’s Chief Financial Officer revealed that advanced purchasing had allowed the Company to avoid higher memory component costs during the first quarter, but that the advanced supply had run its course and the Company now faced market prices, and thus expected non-GAAP gross margin to decline between 50 and 150 basis points.
On this news, the price of Calix’s shares fell $6.93 per share, or approximately 14%, to close at $42.65 per share on April 22, 2026.
If you purchased securities of Calix and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is Noor v. Calix, Inc., et al., No. 26-cv-04993.