XXIA: Ixia Instablogs - Seeking Alpha

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Thursday, June 6, 9:48 AM Following the open, a few more telecom equipment and optical component names are rallying in response to Ciena's (CIEN +14.2%) strong FQ2 beat and FQ3 guidance, which seems to be stoking optimism rising Web/mobile traffic will propel telecom capex higher whether or not carriers want it to. OCLR +5.9%. ADTN +4.7%. UBNT +3.4%. RVBD +3.8%. CALX +2.7%. TLAB +1.5%. XXIA +2.1%. Comment! [Tech, On the Move]
Wednesday, May 1, 12:50 PM Midday top 10 gainers: IQNT +60%. BCOV +31%. CNIT +28%. MNOV +21%. MSPD +19%. SONS +15%. TRLA +15%. RATE +15%. REGN +14%. SGI +14%.
Midday top 10 losers: ACCL -21%. RBC -20%. ESBF -17%. LEDS -16%. KFRC -15%. AGN -14%. CRAY -13%. ASTX -13%. XXIA -13%. UTI -12%. Comment! [On the Move]
Tuesday, April 30, 5:23 PM Ixia (XXIA): Q1 EPS of $0.25 beats by $0.03. Revenue of $122.8M beats by $0.62M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, April 11, 6:17 PM Ixia (XXIA) cuts its Q1 revenue view after restated prior results. It lowers its top-line guidance by $4M, now expecting revenue of $121M to $123M. The diminished outlook reflects the company's restating previous periods to recognize $4.15M in revenue related to an implied warranty arrangement with a customer. Shares -4.2% AH. Comment! [Tech, On the Move, Earnings]
Thursday, April 4, 3:00 PM Ixia (XXIA -10.1%) sinks after saying it has found an "additional error" in its revenue recognition practices and will now restate several previous financial statements including those for FY11 and FY10 as well as those for multiple fiscal quarters. This was not the outcome investors were looking for after the company said last month it would delay its 10K filing. Comment! [Tech, On the Move]
Tuesday, March 19, 5:51 PM Ixia (XXIA) -1.7% AH after disclosing it's delaying the filing of its 2012 10-K to correct a revenue-recognition error for warrants and software maintenance contracts. The telecom test equipment vendor estimates the adjustment will fractionally increase its reported annual revenue it reports for 2010, 2011, and 2012. Comment! [Tech]
Thursday, February 28, 5:59 PM After-hours top gainers, as of 5:15 p.m.: SFLY +8%. DECK +8%. XXIA +8%. CRM +5%. GRPN +4%.
After-hours top losers: YOKU -17%. OVTI -10%. TRX -8%. IEP -6%. SONS -6%. Comment! [On the Move]
Wednesday, February 6, 5:11 PM Ixia (XXIA): Q4 EPS of $0.24 in-line. Revenue of $124.1M (+48.3% Y/Y) beats by $0.73M. Shares -0.6% AH. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, January 31, 10:51 AM Just about anyone competing with JDS Uniphase (JDSU +17.7%) in a major way is higher after the optical component/test equipment firm beat FQ2 estimates and issued healthy FQ3 guidance. FNSR +10.8%. OCLR +10.5%. NPTN +4.3%. OPLK +4.7%. EXFO +6.6%. XXIA +1.9%. Telecom equipment makers are also up, lifted by both JDS and Ericsson's results: INFN +4.4%. CIEN +6.4%. ADTN +2.7%. JNPR +2.6%. PKT +3.6%. ALLT +3.2%. JDS mentioned on its earnings call "recent announcements and customer dialogue" bode well for 2013 telecom capex. Comment! [Tech, On the Move, Earnings]
Wednesday, January 30, 5:03 PM More on JDS Uniphase: FQ3 guidance is for revenue of $405M-$425M, in-line with a $414.8M consensus and perhaps better than feared given recent history. Gross margin +220 bps Q/Q and +90 bps Y/Y in FQ2 to 48%. Telecom test/measurement sales -0.4% Y/Y, better than FQ1's 8.5% drop. Optical component sales +12.7% (+8.6% in FQ1), lasers +20.3% (+5.6% prior), optical security/performance products -4% (+11.7% prior). JDSU +7.1% AH. CC getting started (webcast). FNSR +4.3%. OPLK, OCLR, NPTN, and XXIA could also rally. (PR) (slides) (fact sheet) Comment! [Tech, Earnings]
Friday, January 18, 10:16 AM JDS Uniphase (JDSU -2.3%) and Oclaro (OCLR -2.7%) fall after rival Finisar (FNSR -6.2%) gets hit with a downgrade to Underperform from Jefferies over the adoption of silicon photonics tech. Earlier this week, Intel announced its silicon photonics solution, which can enable short-range 100G Ethernet links, would be used in Facebook's increasingly popular Open Compute data center platform. Also: JDS test equipment rival Ixia (XXIA -2.7%) has been downgraded to Neutral by Lazard, which cites valuation. 2 Comments [Tech, On the Move]
Monday, January 14, 10:58 AM Ixia (XXIA +8.4%) shoots higher after raising its Q4 revenue guidance range to $123.5M-$124.5M from $118M-$122M; the consensus stands at $120.5M. The telecom test equipment hardware vendor adds it expects revenue from two recent acquisitions - Anue and BreakingPoint - to amount to $30M-$31M, above guidance of $26M-$28M. Rival EXFO (EXFO +4.9%) is up in sympathy. Comment! [Tech, Earnings, On the Move]
Monday, December 17, 2012, 5:39 PM S&P announces some changes to its indices: United Natural Foods (UNFI) will replace Amerigroup (AGP) in the S&P MidCap 400, and Ixia (XXIA) will replace United Natural Foods in the S&P SmallCap 600. Wellpoint (WLP) is acquiring AGP in a deal expected to be completed soon. Abiomed (ABMD) is also to be added to the S&P 600, replacing Cascade (CASC) as of the December 21st close of trading. Toyota Industries is acquiring Cascade, which also should be completed soon. Comment! [Healthcare, Consumer, Financials]
Wednesday, October 24, 2012, 5:30 PM Ixia (XXIA): Q3 EPS of $0.20 in-line. Revenue of $109.6M (+42% Y/Y) beats by $3M. (PR) Comment! [Earnings, Tech]
Tuesday, August 14, 2012, 9:09 AM JDS Uniphase (JDSU) is buying GenComm, a Korean maker of wireless infrastructure testing gear, for ann undisclosed sum. JDS, which already has a distribution deal with GenComm that produced $7.5M in FY12 revenue, has been trying to lower its exposure to a weak optical component market by growing its telecom testing business, leading it to compete more with vendors such as Agilent (A) and Ixia (XXIA). Comment! [Tech, M&A]
Thursday, July 26, 2012, 5:58 PM Ixia (XXIA): Q2 EPS of $0.18 beats by $0.02. Revenue of $92.3M (+33.8% Y/Y) beats by $2.22M. Shares +0.3% AH. (PR) Comment! [Earnings, Tech]

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