4. As of noon trading, Ixia ( XXIA) is down $1.70 (-8.4%) to $18.61 on heavy volume Thus far, 1.1 million shares of Ixia exchanged hands as compared to its average daily volume of 879,400 shares. The stock has ranged in price between $18.40-$20.15 after having opened the day at $20.15 as compared to the previous trading day's close of $20.31. 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. Ixia has a market cap of $1.5 billion and is part of the technology sector. The company has a P/E ratio of 26.6, above the S&P 500 P/E ratio of 17.7. Shares are up 19.6% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Ixia a buy, no analysts rate it a sell, and 1 rates it a hold. TheStreet Ratings rates Ixia as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Ixia Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.