Analyst Rating Update on Ixia (XXIA)

Ixia (XXIA) : The consensus on Ixia (XXIA) based on 6 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Ixia (XXIA) : The highest level Ixia (XXIA) is projected to reach is $15 for the short term and the lowest estimate is at $11. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $12.8 and the possibility the share price can swing is $1.89.

For the current week, the company shares have a recommendation consensus of Buy.


Ixia (NASDAQ:XXIA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.99 and $11.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.66, notching a gain of 1.30% for the day. The total traded volume was 1,180,971 . The stock had closed at $11.51 on the previous day.

Ixia is a provider of application performance and security resilience network test and network visibility solutions. The Companys solutions are used by enterprises, service providers, network equipment manufacturers, and governments. The Companys 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 Companys manufacturing and supply operations consist primarily of supply chain management, procurement, quality control, logistics, final assembly, configuration testing, fulfillment and logistics. The Companys customers include Network Equipment Manufacturers (NEMs), Service Providers and Enterprises, and Government.

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