Why Ixia Shares Jumped

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Ixia (NAS: XXIA) jumped today by as much as 26% after the company reported better-than-expected earnings.

So what: Second-quarter revenue rose to $92.3 million, resulting in record non-GAAP net income of $14 million, or $0.18 per share. Both top and bottom lines registered beats compared to the consensus estimates of $90.1 million in sales and a $0.16 per share profit.


Now what: CEO Vic Alston cited strong demand for the company's Ethernet, LTE, and Wi-Fi offerings, and its organic business before including recent acquisitions generated record sales and adjusted operating profit. Ixia recently purchased Anue Systems and has a pending transaction for BreakingPoint Systems as it looks to grow in the network visibility and security markets.

Interested in more info on Ixia? Add it to your watchlist byclicking here.

The article Why Ixia Shares Jumped originally appeared on Fool.com.

Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

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