Zix Corporation (ZIXI) Releases FY17 Earnings Guidance
Zix Corporation (NASDAQ:ZIXI) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.28 for the period, compared to the Thomson Reuters consensus estimate of $0.28. The company issued revenue guidance of $65.5-65.7 million, compared to the consensus revenue estimate of $66.40 million.Zix Corporation also updated its Q4 guidance to $0.08 EPS.
Shares of Zix Corporation (ZIXI) traded up 0.60% during midday trading on Tuesday, hitting $5.06. The company had a trading volume of 123,785 shares. Zix Corporation has a 1-year low of $3.91 and a 1-year high of $6.67. The firm has a market capitalization of $273.79 million, a P/E ratio of 42.17 and a beta of 1.32. The stock has a 50 day moving average price of $5.04 and a 200 day moving average price of $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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The firm 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 company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS. On average, equities analysts anticipate that Zix Corporation will post $0.28 EPS for the current fiscal year.
Several brokerages recently weighed in on ZIXI. BidaskClub downgraded shares of Zix Corporation from a buy rating to a hold rating in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Zix Corporation from a hold rating to a sell rating in a report on Wednesday, August 9th. Finally, Dougherty & Co reaffirmed a buy rating and issued a $7.00 target price (up previously from $5.50) on shares of Zix Corporation in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $6.75.
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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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