The stock of Ixia (NASDAQ:XXIA) is a huge mover today! About 5,225 shares traded hands. Ixia (NASDAQ:XXIA) has risen 3.30% since March 11, 2016 and is uptrending. It has underperformed by 2.16% the S&P500.
The move comes after 7 months positive chart setup for the $954.03 million company. It was reported on Oct, 14 by Barchart.com. We have $14.96 PT which if reached, will make NASDAQ:XXIA worth $238.51 million more.
Analysts await Ixia (NASDAQ:XXIA) to report earnings on November, 1. They expect $0.09 EPS, down 30.77% or $0.04 from last year’s $0.13 per share. XXIA’s profit will be $7.17M for 33.25 P/E if the $0.09 EPS becomes a reality. After $0.14 actual EPS reported by Ixia for the previous quarter, Wall Street now forecasts -35.71% negative EPS growth.
Ixia (NASDAQ:XXIA) Ratings Coverage
Out of 4 analysts covering Ixia (NASDAQ:XXIA), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Ixia has been the topic of 6 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Wunderlich downgraded the stock to “Hold” rating in Monday, October 19 report. Jefferies maintained Ixia (NASDAQ:XXIA) rating on Wednesday, February 24. Jefferies has “Hold” rating and $11 price target. The stock of Ixia (NASDAQ:XXIA) earned “Buy” rating by Wunderlich on Wednesday, February 24. The firm has “Hold” rating given on Tuesday, August 11 by Zacks. As per Tuesday, July 26, the company rating was upgraded by Stifel Nicolaus.
According to Zacks Investment Research, “Ixia is a leading provider of performance test systems for IP-based infrastructure and services. It is highly scalable solutions generate, capture, characterize, and emulate network and application traffic, establishing definitive performance and conformance metrics of network devices or systems under test. Its test systems are used by network and telephony equipment manufacturers, semiconductor manufacturers, service providers, governments, and enterprises to validate the functionality and reliability of complex IP networks, devices, and applications. Its Triple Play test systems address the growing need to test voice, video, and data services and network capability under real-world conditions. Its vision is to be the world’s pre-eminent provider of solutions to enable testing of next generation IP Triple Play networks.”
Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.70, from 1.52 in 2016Q1. The ratio dropped, as 33 funds sold all Ixia shares owned while 46 reduced positions. 19 funds bought stakes while 46 increased positions. They now own 49.89 million shares or 5.34% less from 52.71 million shares in 2016Q1.
D E Shaw & Com last reported 0.01% of its portfolio in the stock. Moreover, Fmr Ltd Llc has 0% invested in Ixia (NASDAQ:XXIA) for 414,088 shares. Soros Fund Limited Liability Corporation, a New York-based fund reported 717,238 shares. Credit Suisse Ag holds 0% of its portfolio in Ixia (NASDAQ:XXIA) for 69,145 shares. Morgan Stanley has invested 0% of its portfolio in Ixia (NASDAQ:XXIA). Moreover, Envestnet Asset Inc has 0% invested in Ixia (NASDAQ:XXIA) for 1,509 shares. Tudor Invest Et Al has invested 0.01% of its portfolio in Ixia (NASDAQ:XXIA). Barrow Hanley Mewhinney & Strauss Ltd Company last reported 0% of its portfolio in the stock. The California-based Rice Hall James And Assocs Ltd has invested 0.92% in Ixia (NASDAQ:XXIA). Louisiana State Employees Retirement has 0.01% invested in the company for 27,500 shares. Tower Research Capital Lc (Trc) reported 6,574 shares or 0.01% of all its holdings. Teton Advisors holds 0.13% of its portfolio in Ixia (NASDAQ:XXIA) for 145,000 shares. First Tru L P holds 20,260 shares or 0% of its portfolio. Jacobs Levy Equity Mngmt Inc holds 0.04% or 219,044 shares in its portfolio. Bnp Paribas Arbitrage Sa owns 20,039 shares or 0% of their US portfolio.
Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 11 sales for $423,197 net activity. Another trade for 141 shares valued at $1,679 was made by Pepe Alexander on Tuesday, August 16. $753 worth of shares were sold by Colston Walker H II on Monday, May 16. $1,593 worth of shares were sold by Williams Christopher Lee on Monday, May 16. Alexander Matthew S also sold $6,247 worth of Ixia (NASDAQ:XXIA) shares. Shares for $9,597 were sold by Novak Brent T.
More notable recent Ixia (NASDAQ:XXIA) news were published by: Businesswire.com which released: “Ixia and DataArt Join Forces to Deliver an Automation Solution for Carriers …” on October 11, 2016, also Businesswire.com with their article: “Ixia President and CEO, Bethany Mayer, and CMO, Marie Hattar, Named Finalists …” published on October 11, 2016, Marketwatch.com published: “Ixia shares fall after outlook cut” on April 14, 2016. More interesting news about Ixia (NASDAQ:XXIA) were released by: Fool.com and their article: “Why Ixia Stock Skyrocketed Today” published on February 24, 2016 as well as Businesswire.com‘s news article titled: “Ixia Announces Financial Results for 2016 Second Quarter” with publication date: August 02, 2016.
XXIA Company Profile
Ixia, incorporated on May 28, 1997, is a well-known provider of physical and virtual network application performance and security resilience solutions. The Company’s product solutions consist of its hardware platforms, software applications and services, including warranty and maintenance offerings and professional services. The Firm helps its clients to validate the performance and security resilience of their applications and networks. The Company’s network visibility solutions connects data center and network infrastructure with monitoring solutions that ensure application performance and security resilience. The Firm offers network test hardware platforms with interchangeable interfaces, using a common set of applications and Application Programing Interfaces (APIs). The Firm provides its solutions to network equipment manufacturers (NEMs), service providers, and enterprise and government organizations. The Company’s product solutions consist of its hardware platforms, such as chassis, interface cards and appliances, software application tools, and services, including its warranty and maintenance offerings and professional services.
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