Zacks Downgrades Ixia to Underperform (XXIA)
Ixia (NASDAQ:XXIA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday, Analyst Ratings News reports. They currently have a $11.80 price objective on the stock. Zacks‘ target price suggests a potential downside of 5.07% from the company’s current price.
Ixia (NASDAQ:XXIA) traded up 0.88% on Wednesday, hitting $12.54. 255,994 shares of the company’s stock traded hands. Ixia has a one year low of $11.89 and a one year high of $22.50. The stock’s 50-day moving average is $12.68 and its 200-day moving average is $14.50. The company has a market cap of $955.0 million and a price-to-earnings ratio of 44.39.
Ixia (NASDAQ:XXIA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.01. The company had revenue of $115.40 million for the quarter, compared to the consensus estimate of $114.97 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts expect that Ixia will post $0.79 EPS for the current fiscal year.
A number of other firms have also recently commented on XXIA. Analysts at Wunderlich cut their price target on shares of Ixia from $18.00 to $16.00 in a research note to investors on Wednesday, October 30th. Separately, analysts at Deutsche Bank cut their price target on shares of Ixia from $17.00 to $16.00 in a research note to investors on Wednesday, October 30th. They now have a “hold” rating on the stock. Finally, analysts at Lazard Capital Markets reiterated a “neutral” rating on shares of Ixia in a research note to investors on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.05.
Ixia is a provider of converged Internet Protocol test systems and services for wireless and wired infrastructures and services.
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