ZIX (NASDAQ:ZIXI) Releases FY19 Earnings Guidance

ZIX (NASDAQ:ZIXI) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.44-0.46 for the period, compared to the Thomson Reuters consensus 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.

ZIXI has been the subject of several analyst reports. Zacks Investment Research upgraded ZIX from a hold rating to a buy rating and set a $12.00 price target for the company in a report on Saturday, May 11th. Craig Hallum set a $14.00 price target on shares of ZIX and gave the stock a buy rating in a research report on Friday, May 3rd. ValuEngine lowered shares of ZIX from a strong-buy rating to a buy rating in a report on Thursday. BidaskClub lowered shares of ZIX from a buy rating to a hold rating in a research note on Wednesday, July 17th. Finally, Cowen began coverage on shares of ZIX in a research report on Thursday, May 23rd. They issued an outperform rating and a $11.00 target price for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $11.75.

NASDAQ:ZIXI traded up $0.22 during trading hours on Thursday, reaching $9.33. 1,371,230 shares of the company’s stock were exchanged, compared to its average volume of 777,319. The stock has a market cap of $506.06 million, a P/E ratio of 29.16, a P/E/G ratio of 2.05 and a beta of 0.89. ZIX has a 12 month low of $4.66 and a 12 month high of $11.15. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a 50-day moving average price of $9.42.

ZIX (NASDAQ:ZIXI) last issued its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $29.30 million during the quarter, compared to analysts’ expectations of $27.19 million. ZIX had a net margin of 8.75% and a return on equity of 20.21%. The firm’s revenue was up 75.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. On average, sell-side analysts forecast that ZIX will post 0.29 EPS for the current year.

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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