Jefferies Downgrades Ixia (XXIA) to Hold

Jefferies downgraded Ixia (NASDAQ: XXIA) from Buy to Hold with a price target of $10.00 (from $14.00).

Analyst James Kisner comments, "Ixia held a conference call to provide an updated outlook. The company provided a very weak Q2 outlook that contemplates continued softness in both the Core Test and Visibility businesses driven in part by a decline in Visibility sales to AT&T. We are downgrading to Hold from Buy as we find the valuation to now be relatively full on our reduced 2015 EPS estimate."

The firm lowered FY 2014 EPS from $0.54 to $0.37 and FY 2015 EPS from $0.78 to $0.60.

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 $10.08 yesterday.

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