Calix (CALX) Stock Jumps 7.4%: Will It Continue to Soar?

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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Calix (CALX) Stock Jumps 7.4%: Will It Continue to Soar? January 16, 2026 — 07:08 am EST Written by Zacks Equity Research for Zacks-> Calix CALX shares soared 7.4% in the last trading session to close at $59.04. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.5% gain over the past four weeks.The optimism surrounding the stock can be attributed to Calix gaining from broad-based customer demand, accelerating subscriber adds, competitive displacements, and expanding platform adoption.This cloud, software platforms, systems and services provider for communications service providers is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of +375%. Revenues are expected to be $270.03 million, up 31% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Calix, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CALX going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Calix is a member of the Zacks Internet - Software industry. One other stock in the same industry, Confluent CFLT, finished the last trading session 0.1% lower at $30.53. CFLT has returned 1.9% over the past month.Confluent's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.1. Compared to the company's year-ago EPS, this represents a change of +11.1%. Confluent currently boasts a Zacks Rank of #3 (Hold).
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