Zix Corporation (NASDAQ:ZIXI) announced its quarterly earnings data on Tuesday. The software maker reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07, Briefing.com reports. The business had revenue of $16.60 million during the quarter, compared to the consensus estimate of $16.83 million. Zix Corporation had a net margin of 10.48% and a return on equity of 16.24%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. Zix Corporation updated its Q4 guidance to $0.08 EPS and its FY17 guidance to $0.28 EPS.

Zix Corporation (NASDAQ:ZIXI) traded up 0.60% during mid-day trading on Tuesday, hitting $5.06. 123,785 shares of the stock traded hands. Zix Corporation has a 12 month low of $3.91 and a 12 month high of $6.67. The stock has a 50-day moving average price of $5.04 and a 200-day moving average price of $5.43. The stock has a market cap of $273.79 million, a P/E ratio of 42.17 and a beta of 1.32.

ZIXI has been the subject of several analyst reports. Dougherty & Co reissued a “buy” rating and issued a $7.00 price objective (up previously from $5.50) on shares of Zix Corporation in a research note on Saturday, July 22nd. BidaskClub downgraded shares of Zix Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research downgraded 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 issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.75.

COPYRIGHT VIOLATION WARNING: “Zix Corporation (ZIXI) Issues Quarterly Earnings Results” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/24/zix-corporation-zixi-issues-quarterly-earnings-results.html.

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.

Earnings History for Zix Corporation (NASDAQ:ZIXI)

Receive News & Ratings for Zix Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zix Corporation and related companies with MarketBeat.com's FREE daily email newsletter.