Equities analysts expect that Zix Corporation (NASDAQ:ZIXI) will post $16.76 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for ZIX’s earnings. The highest sales estimate is $16.80 million and the lowest is $16.72 million. ZIX reported sales of $15.58 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.6%. The firm is expected to issue its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that ZIX will report full year sales of $16.76 million for the current year, with estimates ranging from $65.59 million to $65.60 million. For the next fiscal year, analysts expect that the company will post sales of $70.64 million per share, with estimates ranging from $70.50 million to $70.78 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for ZIX.

ZIX (NASDAQ:ZIXI) last announced its earnings results on Tuesday, October 24th. The software maker reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $16.60 million during the quarter, compared to analysts’ expectations of $16.83 million. ZIX had a net margin of 10.49% and a return on equity of 15.64%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.07 EPS.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of ZIX from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research report on Tuesday, October 31st. BidaskClub upgraded shares of ZIX from a “strong sell” rating to a “sell” rating in a research report on Friday, December 15th. Finally, Dougherty & Co lowered their price objective on shares of ZIX from $7.00 to $5.75 and set a “buy” rating for the company in a research report on Thursday, November 16th.

In other ZIX news, VP Dave Robertson sold 39,821 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $4.64, for a total value of $184,769.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ZIXI. Metropolitan Life Insurance Co. NY boosted its stake in shares of ZIX by 15.4% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 40,824 shares of the software maker’s stock valued at $196,000 after purchasing an additional 5,455 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in ZIX by 356.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 58,347 shares of the software maker’s stock worth $332,000 after acquiring an additional 45,570 shares during the last quarter. Isthmus Partners LLC bought a new position in ZIX during the 3rd quarter worth approximately $378,000. SG Americas Securities LLC bought a new position in ZIX during the 3rd quarter worth approximately $539,000. Finally, EAM Investors LLC bought a new position in ZIX during the 2nd quarter worth approximately $540,000. 65.93% of the stock is currently owned by institutional investors.

Shares of ZIX (ZIXI) opened at $4.45 on Friday. The stock has a market cap of $245.86, a PE ratio of 37.09, a P/E/G ratio of 2.26 and a beta of 1.27. ZIX has a 1 year low of $4.16 and a 1 year high of $6.67.

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ZIX Company Profile

Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

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