Ixia (XXIA) PT Bumped to $12 at Jefferies

Jefferies raised its price target on Ixia (NASDAQ: XXIA) to $12.00 (from $11.00) on solid Q1 results but maintained a Hold rating. Estimates were also cut.

Analyst James Kisner commented, "Ixia reported a solid Q1 results even while noting some disruption from customer consolidation activity. Q2 EPS guidance was modestly below expectations. We're feeling increasingly confident that Ixia is executing on a nice turnaround, but the valuation isn't particularly compelling here. Maintain Hold."

FY 2015 EPS goes from $0.56 to $0.49 and FY 2016 EPS goes from $0.68 to $0.65.

For an analyst ratings summary and ratings history on Ixia click here. For more ratings news on Ixia click here.

Shares of Ixia closed at $12.15 yesterday.

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