Stifel Nicolaus Upgrades Ixia to Buy

Brokerage firm Stifel Nicolaus Upgrades its rating on Ixia(NASDAQ:XXIA). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Stifel Nicolaus was issued on Jul 26, 2016.

Ixia (XXIA) made into the market gainers list on Fridays trading session with the shares advancing 1.50% or 0.17 points. Due to strong positive momentum, the stock ended at $11.5, which is also near the day’s high of $11.54. The stock began the session at $11.33 and the volume stood at 2,92,479 shares. The 52-week high of the shares is $16.05 and the 52 week low is $8.5. The company has a current market capitalization of $940 M and it has 8,17,52,978 shares in outstanding.

Ixia(XXIA) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $112.67M. Analysts had an estimated revenue of $114.86M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.08.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, Brent T Novak (Chief Financial Officer) sold 808 shares at $9.66 per share price.Also, On May 18, 2016, Walker H Ii Colston (Senior V.P., Global Support) sold 78 shares at $9.66 per share price.On May 18, 2016, Christopher Lee Williams (Sr. VP, Human Resources) sold 165 shares at $9.66 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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