NEW YORK--(BUSINESS WIRE)--Jul 27, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Calix, Inc. (“Calix” or the “Company”) (NYSE: CALX) and reminds investors of the July 27, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company's first quarter margins had significantly benefited from advanced purchasing of memory components; (2) that the Company's advanced supply of memory components was dwindling; (3) that, as a result, the Company was experiencing negative margin pressure as it was forced to purchase memory components at rising market prices; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's margins, business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On April 21, 2026, Calix reported results for the first quarter of 2026 earnings, including that "Non-GAAP gross margin was 57.2%, down 80 basis points sequentially." Further, the Company reported "gross margin guidance for the second quarter of 2026 is between 54.25% and 57.25%" and "[f]or the year, we expect our non-GAAP gross margin to decline between 50 and 150 basis points."
In the accompanying earnings call, the Company’s CFO stated "advanced purchasing had allowed us to avoid higher memory component costs during the first quarter. However, that advanced supply has run its course, and we now face market prices."
On this news, Calix's stock price fell $6.93, or 13.98% to close at $42.65 per share on April 22, 2026, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Calix’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Calix class action, go to www.faruqilaw.com/CALX or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the Calix Securities Class Action Lawsuit:
What is the Calix securities fraud lawsuit about?
The Calix securities fraud lawsuit is a federal securities class action alleging that Calix, Inc. (NYSE: CALX) and its executives made false and misleading statements to investors by concealing that the Company's strong first quarter margins were artificially inflated by advanced purchasing of memory components, that its advanced supply of those components was dwindling, and that it would soon be forced to purchase memory components at rising market prices — creating significant negative margin pressure. As the truth emerged on April 21, 2026, when Calix reported Q1 2026 results and its CFO disclosed that "advanced supply has run its course" and the Company would "now face market prices," CALX's stock price fell $6.93 per share, or 13.98%, causing significant losses for investors.
Who may be eligible to participate in the Calix class action lawsuit?
Investors who purchased or acquired Calix (CALX) stock between January 28, 2026 and April 21, 2026 — the Class Period — and suffered financial losses may be eligible to participate in the Calix securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former Calix employees, and others with relevant information about the Company's conduct are also encouraged to come forward.
What is a lead plaintiff, and how can I seek appointment in the Calix lawsuit?
A lead plaintiff in the Calix class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any Calix investor who purchased CALX stock during the Class Period may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is July 27, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.
What should investors do if they purchased Calix stock during the Class Period?
Investors who purchased Calix (CALX) stock between January 28, 2026 and April 21, 2026 and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the Calix securities class action is July 27, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/CALX for more information.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
CALX FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Calix (CALX) Investors of Securities Class Action Lawsuit Deadline on July 27, 2026
CAIRO (AP) — Mediators have achieved progress in efforts to get the United States and Iran back to negotiations and avert an all-out war in the Middle East, two regional officials said Monday, with a pause in attacks coming after a period of rapidly escalating tensions.
The comments came after neither the U.S. nor Iran reported carrying out any attacks for three straight days — a respite after about two weeks of sustained bombardments that had led to increasing fears of a return to all-out war.
The two regional officials, who spoke on condition of anonymity to discuss the sensitive regional talks, said mediators led by Qatar and Pakistan were working to bridge the gap between Washington and Tehran to return to an interim ceasefire deal that had been largely undermined by recent exchanges of fire.
The U.S. has paused attacks after targeting Iranian coastal areas and infrastructure in a nearly two-week escalation sparked by Iran’s firing at ships trying to transit the Strait of Hormuz, a crucial waterway for global oil shipments. The Pentagon did not respond to questions.
U.S. President Donald Trump is “giving talks some space. He’s giving it a little bit of room,” Mike Waltz, the U.S. ambassador to the United Nations, told Fox News.
Waltz dismissed the idea that the U.S. stockpile of interceptors crucial in defending against Iranian attacks is running low, but experts have questioned how long both the U.S. and Iran can afford to keep up attacks.
Since the U.S. has halted attacks for the past two nights, Iran has as well, its army spokesperson told Iran’s state TV on Sunday. Tehran in recent days has counterattacked against countries in the region hosting U.S. military forces, killing at least three service members at a base in Jordan and one in Iraq.
One of the regional officials who spoke to AP Monday described the progress made in mediation efforts as “significant.” He said mediators were working with Iran and Oman on a mechanism for managing vessels’ transit through the Strait of Hormuz, the flashpoint for the latest strikes and counterstrikes.
Iran’s Foreign Ministry spokesperson, Esmail Baghaei, said during a news conference in Tehran Monday that mediators were conveying messages but there were no direct negotiations.
“Mediators may convey messages to us from the American side regarding ongoing developments in the region. But at present, we have no negotiations with the American side,” Baghaei said.
He said Iran and Oman, which lies on the other side of the Strait of Hormuz, had already held talks on Friday and Saturday on how to manage ship traffic through the waterway.
“The objective is for Iran and Oman, as the two coastal states, to develop mechanisms to ensure safe navigation through the Strait of Hormuz while respecting the sovereign rights and sovereignty of both coastal states, as well as Iran’s security and national interests” Baghaei said. However, he stressed that the waterway remains closed.
Tehran has asserted that the interim deal with the U.S. allows it to manage shipping on the waterway for now, and it has objected to U.S. efforts to support a route that passes close to Oman instead. The strait was considered an international waterway before the war.
The U.S. military on Saturday said its recently reimposed naval blockade against Iran continued, with a dozen commercial ships redirected, two disabled and two boarded. U.S. forces “remain highly vigilant, focused, lethal, and ready,” it added.
The 60-day period established by the interim deal in mid-June is now well into its second half, and major issues that were meant to be negotiated — notably Iran’s nuclear program at the heart of tensions — remain set aside as mediators try to keep both sides talking.
Concerns continue about shipping through another crucial waterway in the region, the Bab al-Mandeb strait to the Red Sea. Iranian-backed Houthi rebels in Yemen last week threatened a blockade of Saudi shipping there, and fired on at least one Saudi tanker, setting it alight.
Global energy supplies and the economy remain in the balance as gasoline prices have risen again.
Commercial shipping traffic in the Strait of Hormuz was at a three-week low, a maritime body overseen by the U.S. Navy said Sunday, adding that no new attacks had been confirmed in the past 72 hours. It said traffic remained steady through the Bab el-Mandeb.
Meanwhile, Israeli Prime Minister Benjamin Netanyahu plans to travel to the United States and meet with Trump in Washington on Tuesday, his office has said. They last met in Washington in February, weeks before they launched the war on Iran that killed senior leaders including Supreme Leader Ayatollah Ali Khamenei.
The Iranian-backed Hezbollah fired at Israel two days after the war began, and Israel responded with airstrikes and ground forces in southern Lebanon. Since then, the U.S. has supported landmark direct talks between Lebanon and Israel to try to calm that front and find a way to disarm Hezbollah.
Separately, Baghaei slammed Ukrainian President Volodymyr Zelenskyy after he said over the weekend that Ukraine had struck “vessels used in military cargo shipments involving Iran” in the Caspian Sea.
On Sunday, Iranian Foreign Minister Abbas Araghchi said Ukraine’s strike on an Iranian vessel had killed a sailor.
In a statement on X, Araghchi denounced the attack as a “blatant U.N. Charter violation done at Israel’s behest to drag Europe into its war.” He said he made it clear in calls with European Union foreign policy chief Kaja Kallas and Russian Foreign Minister Sergey Lavrov that the attack “can’t go unanswered.”
Iran is an ally of Russia in its war against Ukraine, helping Moscow build up its drone expertise.
Speaking during the news conference in Tehran Monday, Baghaei said that “all parties that consider themselves in some way supporters of the Ukrainian regime must be held accountable.”
He said Zelenskyy’s “behavior is reminiscent of the anarchists who, on the eve of World War I, carried out theatrical and highly dangerous actions whose repercussions engulfed all of Europe.”
Becatoros reported from Athens, Greece. Associated Press reporters Cara Anna in Lowville, New York; Darlene Superville and Ben Finley in Washington; and Jill Lawless and Emma Burrows in London contributed.
A girl swings along the shore as cargo ships and other commercial vessels appear anchored in the Strait of Hormuz off Bandar Abbas, Iran, Monday, July 27, 2026. (Razieh Poudat/ISNA via AP)
Two men stand with a surfboard along the shore in the Strait of Hormuz off Bandar Abbas, Iran, as billboards depicting Iran's late Supreme Leader Ayatollah Ali Khamenei rise in the background, Monday, July 27, 2026. (Razieh Poudat/ISNA via AP)
Young men ride motorcycles along the shore as a tractor pulls equipment from the water and commercial vessels appear anchored in the Strait of Hormuz off Bandar Abbas, Iran, Monday, July 27, 2026. (Razieh Poudat/ISNA via AP)
A man walks past anti-U.S. graffiti on the wall of the British Embassy in Tehran, Iran, Monday, July 27, 2026. (AP Photo/Vahid Salemi)
Small boats line the shore as cargo ships and other commercial vessels appear anchored in the Strait of Hormuz off Bandar Abbas, Iran, Monday, July 27, 2026. (Razieh Poudat/ISNA via AP)
FILE - An oil tanker approaches the new Jetty during the launch of the new oil facility in Fujairah, United Arab Emirates, Sept. 21, 2016. (AP Photo/Kamran Jebreili, File)
FILE - Children wade in the water with cargo ships at anchor in the background and a fisherman nearby, in the Strait of Hormuz off Bandar Abbas, Iran, Tuesday, June 30, 2026. (Amirhosein Khorgooi/ISNA via AP,File)
