Last $11.38 USD
Change Today +0.08 / 0.71%
Volume 554.7K
XXIA On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

ixia (XXIA) Snapshot

Open
$11.31
Previous Close
$11.30
Day High
$11.45
Day Low
$11.28
52 Week High
03/6/14 - $14.65
52 Week Low
10/10/14 - $8.40
Market Cap
892.1M
Average Volume 10 Days
577.8K
EPS TTM
$-0.29
Shares Outstanding
78.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IXIA (XXIA)

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ixia (XXIA) Details

Ixia provides converged Internet protocol (IP) network validation and network visibility solutions in the United States and internationally. Its solutions are used to design, verify, and monitor a range of Ethernet, Wi-Fi, 3G, and 4G/LTE equipment and networks. 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 tools for video testing, voice testing, intelligent network testing, conformance testing, security testing, application testing, router testing, switch testing, wireless testing, Wi-Fi testing, broadband testing, and automated testing requirements. 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, partners, and other resellers. Ixia serves network equipment manufacturers, service providers, enterprises, and government agencies. The company was founded in 1997 and is headquartered in Calabasas, California.

ixia (XXIA) Top Compensated Officers

Founder, Chairman and Chief Innovation Office...
Total Annual Compensation: $459.5K
Senior Vice President of Corporate Affairs
Total Annual Compensation: $350.0K
Senior Vice President of Operations
Total Annual Compensation: $304.8K
Compensation as of Fiscal Year 2013.

ixia (XXIA) Key Developments

Ixia Announces Unaudited Consolidated Preliminary Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Financial Guidance for the First Quarter of Fiscal 2015

Ixia announced unaudited consolidated preliminary financial results for the fourth quarter and year ended December 31, 2014. Total revenue for the 2014 fourth quarter is expected to be $127.2 million, compared with $120.6 million reported for the 2013 fourth quarter and $114.0 million reported for the 2014 third quarter. It was above the guidance range of $112 million to $122 million. 2014 and 2013 fourth quarter revenue includes $17.8 million and $4.8 million, respectively, of revenue attributable to Net Optics Inc., which acquired in December 2013. Non-GAAP net income for the 2014 fourth quarter is expected to be $15.6 million, or $0.19 per diluted share, compared with non-GAAP net income of $11.9 million, or $0.15 per diluted share, for the 2013 fourth quarter. Income from operations is expected to be $3.059 million compared with loss of $3.532 million a year ago. Income before income taxes is expected to be $68,000 compared with loss before income taxes of $4.842 million a year ago. Total non-GAAP gross margin for the fourth quarter was 76.8%, which was at the high end of the expected range of 75% to 77%, due in part to improved leverage and a favorable mix of products sold in the fourth quarter. Total non-GAAP operating expenses were $73.3 million, relatively flat when compared with the $73.1 million in third quarter of 2014. Fourth quarter non-GAAP operating margin was 19.2%, up from the 11.2% reported in the third quarter of 2014. The non-GAAP effective tax rate was 29% compared with 36% in the prior quarter. The lower effective tax rate in the fourth quarter was due to the December renewal of the federal research credit for the 2014 calendar year. Capital expenditures for the fourth quarter of 2014 were $2.7 million. Total revenue for fiscal year 2014 is expected to be $464.5 million, compared with $467.3 million reported for fiscal year 2013. The 2014 and 2013 fiscal years include $59.0 million and $4.8 million, respectively, of revenue attributable to Net Optics. The company expects to report a GAAP net loss for fiscal year 2014 of $41.6 million, or $0.54 per diluted share, compared with GAAP net income of $11.9 million, or $0.15 per diluted share, for fiscal year 2013. The company expects to report non-GAAP net income for fiscal year 2014 of $28.2 million, or $0.36 per diluted share, compared with non-GAAP net income of $56.5 million, or $0.69 per diluted share, for fiscal year 2013. Loss from operations is expected to be $44.407 million compared with income of $12.304 million a year ago. Loss before income taxes is expected to be $52.697 compared with income of $10.802 million a year ago. Looking forward, the company expects non-GAAP operating expenses to increase 3% to 4% in the 2015 first quarter when compared to fourth quarter 2014, due in part to higher payroll taxes in the United States, the global sales meetings and marketing events. The company expects its first quarter 2015 non-GAAP effective tax rate to be in the 33% to 36% range. The company currently expects revenue for the first quarter of 2015 to be in the range of $115 million to $120 million. The company currently expect that its non-GAAP gross margin in the first quarter will be between 75% and 77%. The company expects its first quarter non-GAAP EPS to be in the range of $0.08 to $0.11 per diluted share, an estimate to comparable GAAP loss per share to be within $0.07 to $0.10 per share.

Ixia Announces Board Changes

On February 14, 2015, the Board of Directors of Ixia appointed Raymond de Graaf to the position of Senior Vice President, operations of the company. Upon such appointment, Mr. de Graaf ceased to hold the title of Vice President, operations of the company.

Ixia Signs Preferred Reseller Agreement with Adaptive Integration

Ixia announced that it has entered into a preferred reseller agreement with Adaptive Integration. As a member of Ixia’s Channel Xcelerate program, Adaptive Integration’s customers will now have access to Ixia’s application performance and security resilience solutions to validate, secure and optimize both physical and virtual networks. Ixia’s solutions includes: Network Visibility Architecture - a portfolio of solutions consisting of network access solutions, network packet brokers and application and session visibility solutions, and an integrated management platform and IxChariot solutions, a portfolio of solutions that provide end-to-end analysis of application performance across networks to assess the performance characteristics of applications running in a wired or wireless network.

 

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Industry Analysis

XXIA

Industry Average

Valuation XXIA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.9x
Price/Book 1.9x
Price/Cash Flow 168.4x
TEV/Sales 1.2x
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