Zix Corporation Company Profile (NASDAQ:ZIXI)

Zix Corporation trades on the NASDAQ under the ticker symbol "ZIXI."

Zix Corporation declared that its board has approved a share repurchase plan on Sunday, June 4th 2017, which permits the company to buyback $10,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Zix Corporation (NASDAQ:ZIXI) posted its quarterly earnings results on Tuesday, August, 1st. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by $0.01. The company had revenue of $16.38 million for the quarter, compared to the consensus estimate of $16.34 million. Zix Corporation had a return on equity of 16.24% and a net margin of 10.48%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 EPS. View Zix Corporation's Earnings History.

Zix Corporation is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Zix Corporation.

Zix Corporation issued an update on its FY17 earnings guidance on Tuesday, August, 1st. 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 $66.20 million to $66.70 million, compared to the consensus revenue estimate of $66.43 million.Zix Corporation also updated its Q3 guidance to $0.07 EPS.

2 analysts have issued 1-year price targets for Zix Corporation's stock. Their predictions range from $6.50 to $7.00. On average, they expect Zix Corporation's stock price to reach $6.75 in the next year. View Analyst Ratings for Zix Corporation.

Here are some recent quotes from research analysts about Zix Corporation stock:

• 1. According to Zacks Investment Research, "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. " (8/9/2017)
• 2. Imperial Capital analysts commented, "On 3/15/17, after the market close, Zix (ZIXI) announced the acquisition of privately-held Greenview Data for approximately $6.5mn in cash plus additional earn-outs based on the achievement of performance goals. We have a positive view of this transaction, as it significantly expands the company's portfolio of email protection services and addressable market opportunity. Greenview Data possesses over 4,000 customers and brings a proven spam filtering service and suite of hosted email solutions, including hosted archiving and hosted email." (3/16/2017)

Some companies that are related to Zix Corporation include VASCO Data Security International (VDSI), Limelight Networks (LLNW), Unisys Corporation (UIS), Actua Corporation (ACTA), Computer Programs and Systems (CPSI), SDL plc (SDL), AgroFresh Solutions (AGFS), Digimarc Corporation (DMRC), Kainos Group PLC (KNOS), Internap Corporation (INAP), TechTarget (TTGT), ServiceSource International (SREV), Microgen plc (MCGN), USA Technologies (USAT), Learning Technologies Group PLC (LTG), Hill International (HIL), VirnetX Holding (VHC) and Guidance Software (GUID).

Zix Corporation's management team includes the folowing people:

• David J Wagner, President, Chief Executive Officer, Director
• David E. Rockvam, Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer
• Nigel Johnson, Chief Technology Officer
• Kelly Haggerty, Vice President - Product Management & Strategy
• Bhavin Merchant, Vice President - Corporate Development
• Russell J. Morgan, Vice President - Client Services
• David J. Robertson, Vice President - Engineering
• Robert C. Hausmann, Non-Executive Chairman of the Board
• Richard D. Spurr, Director
• Mark J. Bonney, Independent Director

Zix Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include ETF MANAGERS GROUP, LLC (5.35%), ETF MANAGERS GROUP, LLC (4.93%), Tudor Investment Corp ET AL (0.21%), EAM Investors LLC (0.18%), Stanley Laman Group Ltd. (0.18%) and Rhumbline Advisers (0.12%). Company insiders that own Zix Corporation stock include Dave Robertson, David Wagner, Kelly P Haggerty, Maribess L Miller, Richard Spurr, Robert C Hausmann and Russell J Morgan. View Institutional Ownership Trends for Zix Corporation.

Zix Corporation's stock was sold by a variety of institutional investors in the last quarter, including Rhumbline Advisers, Stanley Laman Group Ltd. and Tudor Investment Corp ET AL. Company insiders that have sold Zix Corporation stock in the last year include Dave Robertson, Kelly P Haggerty, Richard Spurr and Robert C Hausmann. View Insider Buying and Selling for Zix Corporation.

Zix Corporation's stock was acquired by a variety of institutional investors in the last quarter, including EAM Investors LLC, Parametric Portfolio Associates LLC and Cigna Investments Inc. New. Company insiders that have bought Zix Corporation stock in the last two years include David Wagner and Maribess L Miller. View Insider Buying and Selling for Zix Corporation.

Shares of Zix Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Zix Corporation stock can currently be purchased for approximately $4.70.