Glancy Prongay Wolke & Rotter LLP reminds Calix, Inc. shareholders of a July 27, 2026 deadline to move for lead plaintiff in a class action covering purchases between January 28 and April 21, 2026. The suit follows an April 21, 2026 disclosure that first-quarter non-GAAP gross margin fell 80 basis points sequentially to 57.2%, and second-quarter guidance of 55.8% at the midpoint reflects a 140-basis-point drop driven by higher memory component costs after advanced supply ran out. On that news, Calix shares fell $6.93, or 13.98%, to $42.65 on April 22, 2026. The complaint alleges the company failed to disclose that first-quarter margins had benefited from advanced purchasing, that the advanced supply was dwindling, and that rising market prices were creating negative margin pressure, rendering positive statements misleading.
Calix IncSecurities fraud class action and alleged failure to disclose margin pressure from rising memory costs and dwindling advanced supply.