Brokerages predict that Zix Corporation (NASDAQ:ZIXI) will post sales of $16.76 million for the current quarter, according to Zacks. Two analysts have made estimates for ZIX’s earnings, with estimates ranging from $16.72 million to $16.80 million. ZIX posted sales of $15.58 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.6%. The company is expected to report its next earnings report on Thursday, February 8th.

On average, analysts expect that ZIX will report full year sales of $16.76 million for the current financial year, with estimates ranging from $65.59 million to $65.60 million. For the next financial year, analysts expect that the business will report sales of $70.64 million per share, with estimates ranging from $70.50 million to $70.78 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover ZIX.

ZIX (NASDAQ:ZIXI) last announced its earnings results on Tuesday, October 24th. The software maker reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The company had revenue of $16.60 million for the quarter, compared to analyst estimates of $16.83 million. ZIX had a return on equity of 15.64% and a net margin of 10.49%. ZIX’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share.

Several research firms recently weighed in on ZIXI. Zacks Investment Research raised ZIX from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research report on Tuesday, October 31st. Dougherty & Co dropped their price target on ZIX from $7.00 to $5.75 and set a “buy” rating on the stock in a research report on Thursday, November 16th. Finally, BidaskClub raised ZIX from a “strong sell” rating to a “sell” rating in a research report on Friday, December 15th.

In related news, VP Dave Robertson sold 10,179 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $4.63, for a total transaction of $47,128.77. Following the transaction, the vice president now directly owns 133,282 shares of the company’s stock, valued at $617,095.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.50% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC grew its stake in ZIX by 356.7% in the second quarter. Parametric Portfolio Associates LLC now owns 58,347 shares of the software maker’s stock valued at $332,000 after purchasing an additional 45,570 shares in the last quarter. EAM Investors LLC purchased a new position in ZIX in the second quarter valued at about $540,000. Isthmus Partners LLC purchased a new position in ZIX in the third quarter valued at about $378,000. Finally, SG Americas Securities LLC purchased a new position in ZIX in the third quarter valued at about $539,000. 65.93% of the stock is currently owned by hedge funds and other institutional investors.

ZIX (NASDAQ:ZIXI) traded up $0.02 during trading hours on Wednesday, reaching $4.55. The company had a trading volume of 164,103 shares, compared to its average volume of 262,409. The firm has a market capitalization of $251.26, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. ZIX has a 52-week low of $4.16 and a 52-week high of $6.67.

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About ZIX

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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