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Friday, Jun 2, 2023

Corproate Briefs: Ryland, Ixia

Ryland Group Inc. announced Wednesday its new housing community, Windett Ridge, will hold a grand opening this weekend in Yorkville, Ill. The Westlake Village-based company is selling the homes at Windett for prices starting at $170,000. The homes range from 1,865 square feet to 3,838 square feet, with floor plans of up to four bedrooms. Ryland currently has operations in 17 states and the District of Columbia. Shares of Ryland closed down 32 cents, or less than 1 percent, at $38.24 on the New York Stock Exchange. Ixia announced Wednesday it received a notice from Nasdaq Stock Market LLC on Tuesday that the computer network equipment manufacturer no longer complies with Nasdaq’s listing rules. The rule requires that companies must file all required periodic financial reports with the Securities and Exchange Commission. Ixia now has 60 calendar days, until January 18, to submit a plan to Nasdaq to regain compliance with the rules. Earlier this week, the Calabasas-based company announced it had delayed its quarterly report for the quarter ended Sept. 30 due to a review of financial information. The company conducted the review after the resignation of Victor Alston, the formerchief executive, who abruptly left in October over a falsified resume. Shares of Ixia closed up 1 cent, or less than 1 percent, to $13.48 on the Nasdaq.

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