Ixia (XXIA) Releases Earnings Results, Beats Expectations By $0.03 EPS

Ixia (XXIA) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.06. The company posted revenue of $112.70 million in the period, compared to analysts expectations of $109.60 million. The company’s revenue was down -6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Ixia. Shares were Reiterated by Wunderlich on Apr 15, 2016 to “Buy” and Lowered the Price Target to $ 14 from a previous price target of $15 .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 .

Ixia closed down -0.14 points or -1.38% at $9.98 with 5,73,780 shares getting traded on Monday. Post opening the session at $10.01, the shares hit an intraday low of $9.95 and an intraday high of $10.1 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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