A New York law firm is reminding investors in Calix Inc. that a July 27 deadline is approaching to seek lead plaintiff status in a pending securities class action. The lawsuit, filed on behalf of investors who purchased Calix shares between January 28 and April 21, 2026, alleges that the company misled investors about margin pressures from memory component costs.
According to the complaint, Calix's first-quarter margins benefited from advanced purchasing of memory components, but that supply was dwindling and the company faced rising market prices. On April 21, Calix reported first-quarter results showing non-GAAP gross margin of 57.2%, down 80 basis points sequentially, and provided second-quarter guidance between 54.25% and 57.25%, with an expected annual decline of 50 to 150 basis points. The CFO stated that advanced purchasing had "run its course." Following the announcement, Calix shares fell $6.93, or roughly 14%, from $49.58 to $42.65.
Kirby McInerney LLP, the firm representing potential plaintiffs, encourages investors with losses to contact the firm. Courts typically appoint individual investors, not just institutions, as lead plaintiffs.
Originally reported by Caledonian Record.
Photo: Boko Shots via Pexels. Photo is illustrative and not from the scene.
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