Zix Corporation (ZIXI) Issues Quarterly Earnings Results
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.
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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