Ixia (XXIA) provides application performance and security resilience solutions to organizations in the United States and internationally.
The company offers hardware platforms, such as chassis; interface cards that generate, receive, and analyze various traffic types at multiple network layers; and network visibility solutions, which enable network visibility into physical and virtual networks, and optimizes monitoring tool performance. It also provides a suite of software applications for use in automated and targeted delivery, as well as functionality and performance test for technologies and devices, including storage, video, voice, intelligent networks, specific applications, routing, switching, WiFi, broadband, wireless, software defined networks, and virtual networks and functions.
In addition, Ixia offers technical support, warranty, and software maintenance services, as well as training and professional services. Further, it provides Net Tool Optimizer solution that aggregates and filters network traffic to optimize network monitoring tool usage.
The company offers its products and services through direct sales force, as well as through distributors, value added resellers, system integrators, and other partners. It serves a range of enterprises, service providers, network equipment manufacturers, and governments.
Shares have formed a bullish "flag" following the company's latest quarterly report. The firm reported EPS of 19 cents per share, 9 cents above the estimates. It posted revenue of $131.6 million in the period, which also beat the expected $119.8 million. Higher share prices are expected for this stock.
52-Weeks Trading Range: $8.40 - $16.05
Entry Point: $15.00
Stop Loss: $14.25
Target Price: $16.50
XXIA closed at $14.86 after its 30 days expired!