Ixia Shares Jumped: What You Need to Know

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 network equipment provider Ixia (Nasdaq: XXIA  ) rose nearly 11% in early trading before closing up 7.7% on positive analyst comments.

So what: Ixia and a handful of peers rallied when Piper Jaffray issued a note saying JDS Uniphase (Nasdaq: JDSU  ) could report surprisingly good fiscal second quarter results, Bloomberg reported. The implication? Earlier flooding in Thailand hasn't had as much of an impact as first expected.

Now what: Other peer group winners included Aeroflex Holding (NYSE: ARX  ) , up 9%, and Juniper Networks (Nasdaq: JNPR  ) , up 5%. Ixia outperformed both, but it's also the cheapest of the three when you factor in expected growth. Does it matter? Which of these networking stocks would you buy, if any? Please weigh in using the comments box below.

Interested in more information about Ixia? Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

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  • Report this Comment On November 29, 2011, at 10:30 AM, Mr6Sigma wrote:

    Along with having a very strong balance sheet and being the leader in performance and conformance test equipment Ixia is to network equipment providers what the jewel box is (or was) to the CD industry. Essentially, anyone that makes network equipment needs impartial 3rd party test equipment to validate it. Ixia is in effect the equipment companies auditors. That said, they're also the only company Cisco can't acquire for that very reason!

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