ZIX (NASDAQ:ZIXI) Updates FY19 Earnings Guidance

ZIX (NASDAQ:ZIXI) updated its FY19 earnings guidance on Thursday. 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 $0.41. The company issued revenue guidance of $170-172 million, compared to the consensus revenue estimate of $167.86 million.ZIX also updated its FY 2019 guidance to $0.44-0.46 EPS.

A number of research analysts have weighed in on the stock. Cowen assumed coverage on shares of ZIX in a research report on Thursday, May 23rd. They set an outperform rating and a $11.00 price target on the stock. Craig Hallum set a $14.00 price target on shares of ZIX and gave the company a buy rating in a research report on Friday, May 3rd. BidaskClub cut shares of ZIX from a buy rating to a hold rating in a research report on Wednesday, July 17th. Zacks Investment Research raised shares of ZIX from a hold rating to a buy rating and set a $12.00 price target on the stock in a research report on Saturday, May 11th. Finally, Northland Securities reiterated a buy rating and set a $10.00 price objective on shares of ZIX in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. ZIX currently has a consensus rating of Buy and a consensus price target of $11.75.

Shares of ZIXI traded down $0.18 during mid-day trading on Friday, reaching $9.15. 2,016,715 shares of the stock traded hands, compared to its average volume of 783,323. The stock has a market cap of $518.26 million, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 2.18 and a beta of 0.89. The firm has a fifty day moving average of $9.42. ZIX has a 12-month low of $4.66 and a 12-month 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 posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The firm had revenue of $45.92 million for the quarter, compared to analysts’ expectations of $44.53 million. ZIX had a net margin of 1.55% and a return on equity of 23.72%. The company’s revenue for the quarter was up 162.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 EPS. As a group, research analysts predict that ZIX will post 0.29 earnings per share for the current year.

ZIX Company Profile

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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