Key Developments For Ixia
Ixia (XXIA.O) (Nasdaq)
Ixia Completes Acquisition of Agilent Technologies, Inc.'s N2X Data Network Testing Product Line
Ixia announced that it has completed the acquisition of the Agilent Technologies, Inc.'s N2X Data Networks Product Line for approximately $44 million in cash and the assumption of certain liabilities. The acquisition was structured as an asset purchase and closed on October 30, 2009.
Ixia Issues Q4 2009 Guidance In Line With Analysts' Estimates; Issues Q4 2009 Stock Based Compensation Charges Guidance-Conference Call
Ixia announced that it expects fourth quarter 2009 revenues in the range of $50 million to $54 million, including fourth quarter revenues from Cisco of $5 million to $7 million. The Company currently expects non-GAAP earnings per share (EPS) to range from $0.02 to $0.05 per diluted share for the fourth quarter 2009, with comparable GAAP EPS estimates in a range between a net loss of $0.06 to $0.09 per share. The difference between anticipated GAAP and non-GAAP results relates to expected non-cash and certain nonrecurring charges and associated tax effects, including charges relating to stock-based compensation. The Company estimated, at this time, that stock-based compensation charges will be between $2 million and $3 million for the fourth quarter of 2009 on a pretax basis. According to Reuters Estimates, analysts were expecting the Company to report revenue of $50 million and EPS of $0.04 for the fourth quarter 2009.
Ixia To Buy Agilent Technologies, Inc.'s N2X Data Network Testing Product Line; Sees Q3 2009 Revenue Near Top End Of Prior Outlook
Ixia announced that it has signed a definitive agreement with Agilent Technologies, Inc. under which Ixia will acquire Agilent's N2X Data Networks Product Line for $44 million in cash. The acquisition is scheduled to close on October 30, 2009 and will include certain assets of the N2X product line, along with its world-class customers, sales and R&D teams. The Company also announced that its net revenues for the third quarter of 2009 will be approximately $46.4 million, compared to earlier guidance of $42 to $47 million. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $45.2 million for the third quarter of 2009.
Emulex Corporation And Ixia Announce Collaboration On Reference Guide For Testing Converged Network Adapters
Emulex Corporation and Ixia announced that they have partnered to produce a definitive guide to the technological characteristics of Converged Network Adapters (CNAs) and the proper methodology for testing these new devices. The first release of this publication, Black Book Methodologies: Converged Network Adapters, is the fourth volume in a series of primers on technology and testing published by Ixia.
Ixia Issues Q3 2009 Outlook; EPS Outlook Below Analysts' Estimates-Conference Call
Ixia announced that for the third quarter of 2009, it expects revenues in a range of $42 to $47 million, non-GAAP earnings per share (EPS) to range from a loss of $0.03 per share to earnings per diluted share of $0.02, with comparable GAAP EPS in a range between a net loss of $0.04 to $0.08 per share. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.03 on revenue of $46 million for the same period.
