UPDATE: Wunderlich Securities Reiterates On Ixia Ahead Of Conference Call

In a report published Tuesday, Wunderlich Securities analyst Matthew S. Robison reiterated a Hold rating on Ixia (NASDAQ: XXIA), but lowered the price target from $12.00 to $10.50.

In the report, Wunderlich Securities noted, “Yesterday Ixia (XXIA) filed H114 10Qs and is now up to date with SEC filings. However, prospects for shares to reflect relief for accomplishing these milestones may be tempered by underwhelming financial performance. An earnings conference call has been scheduled for Wednesday, September 17, after regular trading. It will be the second day as CEO for Bethany Mayer. With forecast cuts we have reduced our price target to $10.50 from $12.00. No change to our Hold rating.”

Ixia closed on Monday at $9.19.