Zix Corporation (ZIXI) Releases Earnings Results, Beats Expectations By $0.01 EPS

Zix Corporation (ZIXI) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.05. The company posted revenue of $14.30 million in the period, compared to analysts expectations of $14.34 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Many Wall Street Analysts have commented on Zix Corporation. Shares were Reiterated by Dougherty & Company on Feb 18, 2016 to “Buy” and Lowered the Price Target to $ 5.50 from a previous price target of $6.50 .

Zix Corporation opened for trading at $4.02 and hit $4.14 on the upside on Friday, eventually ending the session at $4.1, with a gain of 2.24% or 0.09 points. The heightened volatility saw the trading volume jump to 3,18,813 shares. Company has a market cap of $230 M.

In a different news, on Mar 16, 2016, David Wagner (CEO) purchased 60,000 shares at $3.57 per share price. According to the SEC, on Mar 14, 2016, Richard Spurr (director) sold 20,038 shares at $4.09 per share price. On Feb 22, 2016, Maribess L Miller (director) purchased 10,000 shares at $3.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Zix Corporation (ZixCorp) offers email encryption data loss prevention and Bring-Your-Own-Device (BYOD) security to meet business data protection and compliance needs. The Company’s products include Zix Email Encryption; ZixDirectory; ZixGateway; ZixDLP and ZixOne. ZixCorp’s business operations and service offerings are supported by the ZixData Center. It serves organizations in the healthcare financial services insurance and government sectors including federal financial regulators such as the Federal Financial Institutions Examination Council (FFIEC) divisions of the United States Treasury the United States Securities and Exchange Commission (SEC) one of four United States banks over 30 Blue Cross Blue Shield organizations and one in every five United States hospitals.

Zix Corporation

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