Ixia Stock Gaps Up On Today's Open (XXIA)

NEW YORK ( TheStreet) -- Shares of Ixia (Nasdaq: XXIA) were gapping up Friday morning with an open price 15.5% higher than Thursday's closing price. The stock closed at $11.21 Thursday and opened today's trading at $12.95.

The average volume for Ixia has been 246,100 shares per day over the past 30 days. Ixia has a market cap of $832.5 million and is part of the technology sector and electronics industry. Shares are up 6.7% year to date as of the close of trading on Thursday.

Ixia supplies converged network and application performance testing solutions in the United States and internationally. It designs and validates a range of Internet protocol (IP) and third generation/long-term evolution networking equipment. The company has a P/E ratio of 34.4, below the average electronics industry P/E ratio of 35.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ixia as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Ixia Ratings Report.

Get more investment ideas from our investment research center.
null

If you liked this article you might like

How to Trade Monday's Most Active Stocks -- Rite Aid, BofA, Fitbit, More

Keysight Technologies to Grab Ixia for $1.6 Billion

Cisco Investors Watch Earnings for Look Into the IT Market, Trump's Tech Effect

Here's Why Ixia (XXIA) Stock Is Tanking Today

Insider Trading Alert - DXYN, XXIA And NTWK Traded By Insiders