Brokerages expect Zix Corporation (NASDAQ:ZIXI) to report sales of $16.84 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Zix Corporation’s earnings. The lowest sales estimate is $16.80 million and the highest is $16.90 million. Zix Corporation posted sales of $15.31 million during the same quarter last year, which would indicate a positive year over year growth rate of 10%. The business is scheduled to issue its next earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that Zix Corporation will report full-year sales of $16.84 million for the current financial year, with estimates ranging from $66.40 million to $66.43 million. For the next year, analysts anticipate that the firm will report sales of $73.53 million per share, with estimates ranging from $72.50 million to $74.08 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Zix Corporation.

Zix Corporation (NASDAQ:ZIXI) last issued its earnings results on Tuesday, August 1st. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. Zix Corporation had a net margin of 10.48% and a return on equity of 16.24%. The business had revenue of $16.38 million for the quarter, compared to the consensus estimate of $16.34 million. During the same period in the previous year, the firm earned $0.06 EPS. The company’s revenue was up 9.7% compared to the same quarter last year.

Several research analysts have weighed in on ZIXI shares. Imperial Capital increased their target price on shares of Zix Corporation from $6.00 to $6.50 and gave the stock an “outperform” rating in a research note on Monday, May 1st. Dougherty & Co reaffirmed a “buy” rating and set a $7.00 target price (up previously from $5.50) on shares of Zix Corporation in a research note on Saturday, July 22nd. BidaskClub lowered shares of Zix Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Zix Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $6.08.

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Shares of Zix Corporation (ZIXI) opened at 5.21 on Tuesday. The company has a market cap of $281.91 million, a PE ratio of 43.42 and a beta of 1.36. Zix Corporation has a one year low of $3.65 and a one year high of $6.67. The firm’s 50-day moving average is $5.56 and its 200-day moving average is $5.38.

Zix Corporation declared that its board has approved a stock buyback plan on Tuesday, April 25th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the software maker to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

In other news, Director Richard Spurr sold 5,126 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $5.95, for a total value of $30,499.70. Following the completion of the transaction, the director now owns 26,404 shares of the company’s stock, valued at $157,103.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Chicago Equity Partners LLC acquired a new position in Zix Corporation during the first quarter valued at approximately $112,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Zix Corporation during the first quarter valued at $126,000. KCG Holdings Inc. purchased a new stake in shares of Zix Corporation during the first quarter valued at $129,000. Engineers Gate Manager LP boosted its stake in shares of Zix Corporation by 24.8% in the first quarter. Engineers Gate Manager LP now owns 27,795 shares of the software maker’s stock valued at $134,000 after buying an additional 5,528 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Zix Corporation during the first quarter valued at $145,000. 60.69% of the stock is owned by institutional investors and hedge funds.

About Zix Corporation

Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

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