According to Zacks, “Zix Corporation is the leading provider of hosted email encryption and e-prescribing services. ZixCorp’s hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript e-prescribing service reduces costs and improves patient care by automating the prescription process between payors, doctors, and pharmacies. “
Several other research analysts have also issued reports on the stock. BidaskClub lowered shares of ZIX from a hold rating to a sell rating in a research note on Tuesday, August 20th. TheStreet lowered shares of ZIX from a b- rating to a c+ rating in a research note on Wednesday, August 14th. Finally, ValuEngine lowered shares of ZIX from a sell rating to a strong sell rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $10.69.
NASDAQ:ZIXI opened at $6.34 on Friday. The firm’s fifty day moving average is $7.21 and its 200-day moving average is $8.35. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.33 and a current ratio of 0.33. ZIX has a 52 week low of $4.75 and a 52 week high of $11.15. The firm has a market cap of $348.89 million, a P/E ratio of 19.81, a P/E/G ratio of 1.29 and a beta of 0.89.
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 Thomson Reuters’ consensus estimate of $0.07 by ($0.05). The company had revenue of $45.92 million for the quarter, compared to the consensus estimate of $44.53 million. ZIX had a return on equity of 31.03% and a net margin of 1.55%. The firm’s revenue was up 162.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 earnings per share. As a group, sell-side analysts anticipate that ZIX will post 0.33 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of ZIXI. Marshall Wace LLP acquired a new stake in ZIX during the 1st quarter valued at $665,000. First Trust Advisors LP raised its stake in ZIX by 10.1% during the 1st quarter. First Trust Advisors LP now owns 219,927 shares of the software maker’s stock valued at $1,513,000 after purchasing an additional 20,149 shares during the period. KAMES CAPITAL plc acquired a new stake in ZIX during the 2nd quarter valued at $2,444,000. NEXT Financial Group Inc acquired a new stake in ZIX during the 2nd quarter valued at $42,000. Finally, Taylor Frigon Capital Management LLC acquired a new stake in ZIX during the 2nd quarter valued at $1,460,000. 72.68% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More: What is basic economics?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.