Replies to post #7 on Ixia (XXIA)

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

April 30th, 2013 - 0 comments - Filed Under - by Trevor Kearing

Ixia (NASDAQ: XXIA) announced its earnings results on Tuesday. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.03, ARN reports. The company had revenue of $122.80 million for the quarter, compared to the consensus estimate of $122.41 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 41.6% on a year-over-year basis.

A number of analysts have recently weighed in on XXIA shares. Analysts at Deutsche Bank raised their price target on shares of Ixia from $18.00 to $24.00 in a research note to investors on Friday, March 8th. They now have a “buy” rating on the stock. On the ratings front, analysts at Stifel Nicolaus raised their price target on shares of Ixia to $24.00 in a research note to investors on Thursday, February 7th.

Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $21.00.

Ixia (NASDAQ: XXIA) traded up 1.98% on Tuesday, hitting $16.47. Ixia has a 52-week low of $9.95 and a 52-week high of $22.50. The stock’s 50-day moving average is currently $19.83. The company has a market cap of $1.239 billion and a price-to-earnings ratio of 27.37.

Ixia is a provider of converged test systems and services for wireless and wired infrastructures and services.
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