Wall Street analysts expect Zix Corporation (NASDAQ:ZIXI) to post sales of $16.76 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for ZIX’s earnings, with estimates ranging from $16.72 million to $16.80 million. ZIX reported sales of $15.58 million in the same quarter last year, which suggests a positive year over year growth rate of 7.6%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, February 22nd.
According to Zacks, 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 year, analysts forecast that the business will post sales of $70.64 million per share, with estimates ranging from $70.50 million to $70.78 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for ZIX.
A number of research analysts recently weighed in on ZIXI shares. Zacks Investment Research downgraded ZIX from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. BidaskClub raised ZIX from a “strong sell” rating to a “sell” rating in a report on Friday, December 15th. Finally, Dougherty & Co lowered their target price on ZIX from $7.00 to $5.75 and set a “buy” rating on the stock in a report on Thursday, November 16th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in ZIX in the 3rd quarter valued at approximately $539,000. Isthmus Partners LLC acquired a new stake in shares of ZIX during the 3rd quarter worth approximately $378,000. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of ZIX by 356.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 58,347 shares of the software maker’s stock worth $332,000 after purchasing an additional 45,570 shares in the last quarter. 66.11% of the stock is currently owned by hedge funds and other institutional investors.
ZIX (NASDAQ:ZIXI) opened at $4.03 on Tuesday. ZIX has a one year low of $3.88 and a one year high of $6.67. The firm has a market capitalization of $225.86, a P/E ratio of 31.00, a P/E/G ratio of 1.46 and a beta of 1.07.
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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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