ZIX (NASDAQ:ZIXI) Updates FY 2019 Earnings Guidance

ZIX (NASDAQ:ZIXI) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.44-0.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.40. The company issued revenue guidance of $170-172 million, compared to the consensus revenue estimate of $167.87 million.ZIX also updated its FY19 guidance to $0.44-0.46 EPS.

Shares of NASDAQ ZIXI traded down $0.18 during midday trading on Friday, hitting $9.15. The stock had a trading volume of 2,016,715 shares, compared to its average volume of 709,415. The firm’s 50 day moving average is $9.42. The stock has a market cap of $506.04 million, a P/E ratio of 28.59, a P/E/G ratio of 2.13 and a beta of 0.89. ZIX has a 52 week low of $4.66 and a 52 week high of $11.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 3.37.

ZIX (NASDAQ:ZIXI) last issued its earnings results on Thursday, August 1st. The software maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). The firm had revenue of $45.92 million during the quarter, compared to the consensus estimate of $44.53 million. ZIX had a return on equity of 20.21% and a net margin of 8.75%. The company’s quarterly revenue was up 162.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS. Sell-side analysts expect that ZIX will post 0.29 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on ZIXI shares. Zacks Investment Research upgraded shares of ZIX from a hold rating to a buy rating and set a $12.00 target price on the stock in a research note on Saturday, May 11th. ValuEngine downgraded shares of ZIX from a strong-buy rating to a buy rating in a research note on Thursday. Northland Securities reiterated a buy rating and issued a $10.00 target price on shares of ZIX in a research note on Friday, May 3rd. Craig Hallum set a $14.00 target price on shares of ZIX and gave the stock a buy rating in a research note on Friday, May 3rd. Finally, BidaskClub downgraded shares of ZIX from a buy rating to a hold rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. ZIX has a consensus rating of Buy and a consensus price target of $11.75.

About ZIX

Zix Corporation provides email encryption, data loss prevention (DLP), threat protection, archiving, and bring-your-own-device mobile security solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers ZixEncrypt that bundles email encryption and DLP capabilities to enable the secure exchange of email; ZixProtect, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spam, and viruses in email; and ZixArchive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery.

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