Zix Corporation (NASDAQ:ZIXI) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.28 for the period, compared to the Thomson Reuters consensus estimate of $0.28. The company issued revenue guidance of $64.5-66.0 million, compared to the consensus revenue estimate of $65.78 million.Zix Corporation also updated its Q1 guidance to $0.02-0.03 EPS.
A number of research firms recently commented on ZIXI. TheStreet upgraded shares of Zix Corporation from a hold rating to a buy rating in a research note on Tuesday, October 25th. Zacks Investment Research cut shares of Zix Corporation from a strong-buy rating to a hold rating in a research note on Tuesday, November 1st.
Shares of Zix Corporation (NASDAQ:ZIXI) opened at 4.90 on Monday. The firm has a market capitalization of $258.79 million, a PE ratio of 45.37 and a beta of 1.37. The company has a 50-day moving average of $4.90 and a 200-day moving average of $4.35. Zix Corporation has a 1-year low of $3.23 and a 1-year high of $5.08.
Zix Corporation (NASDAQ:ZIXI) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $15.60 million for the quarter, compared to analysts’ expectations of $15.57 million. Zix Corporation had a net margin of 9.70% and a return on equity of 18.95%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. Equities research analysts predict that Zix Corporation will post $0.28 EPS for the current fiscal year.
Zix Corporation Company Profile
Zix Corporation (ZixCorp) 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 in the segment of e-mail encryption and security solutions. The Company’s Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/zix-corporation-zixi-issues-fy17-earnings-guidance/1657341.html
Receive News & Ratings for Zix Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zix Corporation and related companies with MarketBeat.com's FREE daily email newsletter.