Why did the CXL.AX stock drop so sharply today?

CXL.AX stock fell on heavy after-hours selling, high volume (**1,483,397**) and ahead of earnings on 24 Feb 2026. Company-specific concerns about cash flow, negative EPS and near-term guidance likely amplified the move.

What are the nearest catalysts for CXL.AX stock?

The immediate catalyst is the earnings announcement on **24 Feb 2026**. Other triggers include LEILAC project updates, product contract announcements and cash flow guidance tied to pilot conversions.

How does Meyka AI view CXL.AX stock right now?

Meyka AI rates CXL.AX **59.84 (C+) — HOLD**. The model flags growth potential but also negative earnings and cash flow risks. This grade factors in sector and benchmark comparisons.

What price targets or scenarios should investors consider for CXL.AX stock?

Scenario targets: bear **A$0.60**, base **A$1.10**, bull **A$1.80**. Meyka AI’s short-term model gives **A$1.37** (monthly) and **A$1.58** (quarterly); use stops and monitor earnings.

AU Stocks

CXL.AX Calix Limited (ASX) down 32.70% after hours 20 Feb 2026: Key trigger

ByDanny Kontos February 20, 2026

CXL.AX stock plunged 32.70% to A$1.07 after hours on 20 Feb 2026, making Calix Limited one of the ASX’s top losers. The move followed heavy trading volume of 1,483,397 shares versus an average of 792,753, and left the share price well below yesterday’s close of A$1.59. Calix Limited (CXL.AX) trades on the ASX in the Basic Materials sector and faces an upcoming earnings report on 24 Feb 2026, which may have amplified selling. In this after hours report we unpack valuation, technicals, catalysts and Meyka AI’s model forecast.