Zix Corporation (ZIXI) to Release Earnings on Tuesday
Zix Corporation (NASDAQ:ZIXI) will release its earnings data after the market closes on Tuesday, October 24th. Analysts expect Zix Corporation to post earnings of $0.07 per share for the quarter. Zix Corporation has set its Q3 guidance at $0.07 EPS and its FY17 guidance at $0.28 EPS.
Zix Corporation (NASDAQ:ZIXI) last announced its earnings results on Tuesday, August 1st. The software maker reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The business had revenue of $16.38 million for the quarter, compared to analyst estimates of $16.34 million. Zix Corporation had a return on equity of 16.24% and a net margin of 10.48%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. On average, analysts expect Zix Corporation to post $0.28 EPS for the current fiscal year and $0.33 EPS for the next fiscal year.
Zix Corporation (NASDAQ:ZIXI) opened at 5.14 on Tuesday. The stock’s 50 day moving average price is $5.05 and its 200 day moving average price is $5.42. The firm has a market capitalization of $278.12 million, a P/E ratio of 42.83 and a beta of 1.32. Zix Corporation has a 52 week low of $3.91 and a 52 week high of $6.67.
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Several equities analysts recently issued reports on ZIXI shares. BidaskClub cut Zix Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research cut 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 set a $7.00 price objective (up from $5.50) on shares of Zix Corporation in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Zix Corporation presently 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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