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Ixia (XXIA) -2.7% AH after warning it expects Q2 revenue of $114M-$116M, below prior guidance of...

Ixia (XXIA) -2.7% AH after warning it expects Q2 revenue of $114M-$116M, below prior guidance of $119M-$122M and a $120.1M consensus. The network test equipment maker blames "extended review cycles" and deal push-outs from networking OEMs and service providers. However, Ixia adds demand from top customers AT&T and Cisco was strong, book-to-bill was above 1, and sales for 2012 acquisitions Anue and BreakingPoint were at the high end of expectations. The warning could have implications for rival JDS Uniphase (JDSU).
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