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What Makes Ixia (XXIA) a Strong Sell?

Zacks Equity Research

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is Ixia (XXIA), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in XXIA.

Although there was no estimate revision on either side, current year consensus estimate trend was lower, going from 71 cents a share a month ago to its current level of 38 cents. Also, for the current quarter, consensus estimate went down to 6 cents a share from 15 cents over the past 30 days.

The stock also has seen some pretty dismal trading lately, as the share price has dropped 10.5% in the past month.

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the Broader Computer and Technology sector, you may instead consider some better-ranked stocks including NetScout Systems, Inc. (NTCT), Comtech Telecommunications Corp. (CMTL) and Charter Communications, Inc. (CHTR). All these stocks hold a Zacks Rank #1 (Strong Buy) and may be better selections at this time.

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IXIA (XXIA): Free Stock Analysis Report

NETSCOUT SYSTEMS INC (NTCT): Free Stock Analysis Report

COMTECH TELECOMMUN CP (CMTL): Free Stock Analysis Report

CHARTER COMMUNICATIONS CL A (CHTR): Free Stock Analysis Report


Zacks Investment Research