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Loop Capital analyst Fahad Najam raised the firm's price target on Calix to $88 from $83 and keeps a Buy rating on the shares after its Q4 earnings beat. The analyst recommends for investors to be "aggressive buyers" of the stock as its new disclosures highlight a significant revenue growth opportunity ahead from Cloud and managed services, with the company already demonstrating strong attach rates to its Edge Platform sales. The improving supply chain and the looming Federal Stimulus funding for broadband will add more fuel to the Calix growth engine, the firm tells investors in a research note.

Northland analyst Tim Savageaux lowered the firm's price target on Calix to $80 from $85 and keeps an Outperform rating on the shares after making a "slight reduction" to its calendar 2023 estimates following the company's better than expected Q4 report. The firm views its unchanged 2023 revenue forecast at the high end of a 10%-15% growth range as "conservative," but said earnings power, however, has "remained muted" and it cut its 2023 EPS estimate to $1.17 from a recently-increased $1.25.

Cowen analyst Paul Silverstein lowered the firm's price target on Calix to $78 from $90 and keeps an Outperform rating on the shares. The analyst said its upward margin trajectory appears back on track and revenue growth remains impressive. While we have moderated our outlier Street high estimates, our view remains unchanged as to growth and EPS far exceeding investor expectations.

Cowen analyst Paul Silverstein says Calix's "strong" Q4 results undercut recent investor concerns, especially over margins. The company's upward margin trajectory appears back on track and its revenue growth remains impressive, the analyst tells investors in a research note. The firm says Calix remains its best Smidcap idea with an Outperform rating.