Calix Reports Better Than Expected Earnings: Who's Next?

On Tuesday evening, Calix (CALX) reported better-than-expected Q4 revenue and EPS results. Revenues were $91.6, topping the Street's $89.7M consensus. EPS of $0.08 was a penny ahead of the Street's $0.07 estimate.

The company's guidance was even more impressive. For 2012 (and beyond), management believes it can deliver 20% revenue growth. Consensus estimates have only called for 15% growth. This represents a $17.5M bump in 2012 expectations and a much larger increase in longer-term projections.

Shares of CALX responded by rising 30% in the early-Wednesday session. Oddly, shares of Zhone Technologies (ZHNE) -- one of our other "Stocks to Triple in 2012" -- were only up modestly in early trading, but started to gain steam in the afternoon.

Investors are clearly interpreting CALX's results as the "all clear" signal they've been waiting for. 2011 was marred by stimulus delays, a terrible winter in the northern U.S., and the Japanese tsunami,