Zix Corporation (NASDAQ:ZIXI) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.08. The company issued revenue guidance of $16.6-16.8 million, compared to the consensus revenue estimate of $17.30 million.Zix Corporation also updated its FY17 guidance to $0.28 EPS.

Several research firms recently issued reports on ZIXI. Dougherty & Co reiterated a buy rating and issued a $7.00 price target (up previously from $5.50) on shares of Zix Corporation in a report on Saturday, July 22nd. Zacks Investment Research cut Zix Corporation from a hold rating to a sell rating in a report on Wednesday, August 9th. Finally, BidaskClub cut Zix Corporation from a hold rating to a sell rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $6.75.

Zix Corporation (NASDAQ:ZIXI) traded up 0.60% during trading on Tuesday, reaching $5.06. The company had a trading volume of 123,785 shares. Zix Corporation has a 12-month low of $3.91 and a 12-month high of $6.67. The firm has a market capitalization of $273.79 million, a PE ratio of 42.17 and a beta of 1.32. The firm’s 50 day moving average price is $5.04 and its 200 day moving average price is $5.43.

Zix Corporation (NASDAQ:ZIXI) last issued its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. Zix Corporation had a return on equity of 16.24% and a net margin of 10.48%. The business had revenue of $16.60 million for the quarter, compared to analyst estimates of $16.83 million. During the same quarter in the previous year, the company posted $0.07 EPS. Zix Corporation’s quarterly revenue was up 8.5% compared to the same quarter last year. Analysts anticipate that Zix Corporation will post $0.28 earnings per share for the current year.

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Zix Corporation Company Profile

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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