Zix Corporation (ZIXI) Expected to Announce Quarterly Sales of $16.76 Million
Equities analysts forecast that Zix Corporation (NASDAQ:ZIXI) will post $16.76 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for ZIX’s earnings, with the highest sales estimate coming in at $16.80 million and the lowest estimate coming in at $16.72 million. ZIX posted sales of $15.58 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The business is expected to announce its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that ZIX will report full year sales of $16.76 million for the current fiscal year, with estimates ranging from $65.59 million to $65.60 million. For the next year, analysts expect that the company will report sales of $70.64 million per share, with estimates ranging from $70.50 million to $70.78 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow ZIX.
ZIX (NASDAQ:ZIXI) last released its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. ZIX had a net margin of 10.49% and a return on equity of 15.64%. The business had revenue of $16.60 million during the quarter, compared to analyst estimates of $16.83 million. During the same quarter last year, the business earned $0.07 earnings per share. ZIX’s quarterly revenue was up 8.5% compared to the same quarter last year.
Shares of ZIX (ZIXI) traded up $0.02 on Wednesday, hitting $4.55. 164,103 shares of the stock traded hands, compared to its average volume of 262,409. ZIX has a 1-year low of $4.16 and a 1-year high of $6.67. The stock has a market capitalization of $251.26, a P/E ratio of 35.00, a P/E/G ratio of 1.61 and a beta of 1.27.
In other news, VP Dave Robertson sold 39,821 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $4.64, for a total value of $184,769.44. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ZIXI. Parametric Portfolio Associates LLC increased its stake in ZIX by 356.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 58,347 shares of the software maker’s stock worth $332,000 after buying an additional 45,570 shares during the period. EAM Investors LLC purchased a new position in ZIX in the 2nd quarter worth about $540,000. Isthmus Partners LLC purchased a new position in ZIX in the 3rd quarter worth about $378,000. Finally, SG Americas Securities LLC purchased a new position in ZIX in the 3rd quarter worth about $539,000. 65.93% of the stock is currently owned by institutional investors.
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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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