ZIX (NASDAQ:ZIXI) Issues Q3 2019 Earnings Guidance

ZIX (NASDAQ:ZIXI) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $0.12-0.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.11. The company issued revenue guidance of $47-47.5 million, compared to the consensus revenue estimate of $45.93 million.ZIX also updated its FY 2019 guidance to $0.44-0.46 EPS.

Shares of ZIX stock traded down $0.18 on Friday, hitting $9.15. 2,016,715 shares of the company’s stock were exchanged, compared to its average volume of 709,415. The firm has a 50-day moving average of $9.42. The company has a market capitalization of $506.04 million, a PE ratio of 28.59, a PEG ratio of 2.13 and a beta of 0.89. ZIX has a 1 year low of $4.66 and a 1 year 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.

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

ZIXI has been the topic of a number of analyst reports. BidaskClub cut shares of ZIX from a buy rating to a hold rating in a research note on Wednesday, July 17th. Northland Securities restated a buy rating and set a $10.00 target price on shares of ZIX in a research note on Friday, May 3rd. 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 cut shares of ZIX from a strong-buy rating to a buy rating in a research note on Thursday. Finally, Craig Hallum set a $14.00 target price on shares of ZIX and gave the company a buy rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price 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.

Featured Story: How Do Tariffs Affect Trade Balances?

Receive News & Ratings for ZIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIX and related companies with MarketBeat.com's FREE daily email newsletter.