Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Northern District of California on behalf of shareholders of Calix, Inc. who purchased shares between January 28, 2026 and April 21, 2026.
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 wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until July 28, 2026 to request that the court appoint them lead plaintiff.