Ixia (XXIA) is Reiterated by Wunderlich to Buy, Lowers Price Target to $ 14

Ixia (XXIA) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 14 from a previous price target of $15 . Wunderlich advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on Ixia. Company shares were Reiterated by Wunderlich on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 15 from a previous price target of $12 .Company shares were Upgraded by Wunderlich on Feb 24, 2016 to ” Buy”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .Shares were Reiterated by Jefferies on Feb 24, 2016 to “Hold” and Lowered the Price Target to $ 11 from a previous price target of $15 .

On the company’s financial health, Ixia reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.16. The company had revenue of $138.90 million for the quarter, compared to analysts expectations of $129.75 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Ixia closed down -0.12 points or -1.00% at $11.84 with 1,59,914 shares getting traded on Monday. Post opening the session at $12.05, the shares hit an intraday low of $11.64 and an intraday high of $12.16 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Dec 3, 2015, Ronald W Buckly (Senior V.P., Corporate Affairs) sold 40,000 shares at $12.08 per share price. According to the SEC, on Dec 3, 2015, Christopher Lee Williams (Sr. VP, Human Resources) sold 4,251 shares at $13.23 per share price. On Nov 19, 2015, Alexander Pepe (Chief Operating Officer) sold 138 shares at $13.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Ixia is a provider of application performance and security resilience network test and network visibility solutions. The Company’s solutions are used by enterprises service providers network equipment manufacturers and governments. The Company’s network test and network visibility product solutions consist of hardware platforms including chassis interface cards and appliances software application tools and services including its warranty and maintenance offerings and professional services. The Company’s manufacturing and supply operations consist primarily of supply chain management procurement quality control logistics final assembly configuration testing fulfillment and logistics. The Company’s customers include Network Equipment Manufacturers (NEMs) Service Providers and Enterprises and Government.


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