This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ixia Rises On Prospects Of Capital Spending Boost

PHILADELPHIA (AP) ¿ Shares of network hardware maker Ixia moved higher Wednesday after an analyst upgraded the stock on prospects that businesses will be bumping up capital spending and a recent acquisition will enable the company to benefit from growth in next-generation wireless networks.

Shares of Ixia rose 34 cents, or 5.6 percent, to $6.42 in midday trading.

Wedbush Morgan analyst Matthew Robison upgraded the stock to "Neutral" from "Underperform" and raised his 12-month price target by a quarter to $6.25.

He said Ixia's purchase of Catapult, a maker of wireless network test equipment, is good timing since companies are spending on 3G and 4G wireless networks. These next-generation networks allow for more efficient mobile multimedia functions such as voice, data and video.

Moreover, Robison noted that the mobile network test equipment market is fragmented ¿ with many smaller, but no dominant, players ¿ and Catapult should benefit from the movement towards the 4G standard used by phone companies known as LTE, or Long Term Evolution.

Ixia makes interface cards that performs stress tests on networks, measuring the efficiency and movement of data packets. It also makes chassis that holds the cards and software to run them. Clients include phone and router companies, as well as communications chip makers.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
XXIA $13.10 -0.83%
AAPL $118.03 -0.71%
FB $105.41 -0.31%
GOOG $748.15 -0.02%
TSLA $229.64 5.22%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs