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UPDATE: Stifel Nicolaus Raises PT to $18 on Ixia; Resilience to Macro Headwinds

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Stifel Nicolaus reiterated its Buy rating on Ixia (NASDAQ: XXIA) and raised its price target from $17 to $18.

Stifel Nicolaus commented, "Although not immune to macro challenges, XXIA appears to be admirably weathering broader macro trends through new product momentum (LTE, WiFi, and 40/100G), exposure to high growth markets (data centers, cloud computing, SDN, and security), and a strengthened portfolio providing end-to-end solutions. … Taking the midpoint of 4Q revenue guidance, Ixia is targeting core revenue of about $93 million, or an increase of roughly 5% q/q, with the positive outlook buoyed by a book-to-bill of greater than 1.0x exiting the quarter."

Ixia closed at $15.40 on Wednesday.

Latest Ratings for XXIA

DateFirmActionFromTo
Feb 2017Stifel NicolausDowngradesBuyHold
Jan 2017Gabelli & Co.DowngradesBuyHold
Jan 2017WunderlichDowngradesSell

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Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

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