Zix Corporation (ZIXI) Getting Somewhat Positive Media Coverage, Study Finds
News coverage about Zix Corporation (NASDAQ:ZIXI) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zix Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 47.6611908202565 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several brokerages have recently issued reports on ZIXI. Zacks Investment Research raised shares of Zix Corporation from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a report on Tuesday, October 31st. BidaskClub lowered shares of Zix Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Dougherty & Co reissued a “buy” rating and issued a $7.00 price target (up previously from $5.50) on shares of Zix Corporation in a report on Saturday, July 22nd.
Shares of Zix Corporation (NASDAQ ZIXI) traded down $0.04 during midday trading on Monday, reaching $4.65. 113,500 shares of the company were exchanged, compared to its average volume of 192,832. The firm has a market cap of $259.24, a price-to-earnings ratio of 31.00, a PEG ratio of 2.38 and a beta of 1.33. Zix Corporation has a 12-month low of $4.32 and a 12-month high of $6.67.
Zix Corporation (NASDAQ:ZIXI) last announced its earnings results on Tuesday, October 24th. The software maker reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. The firm had revenue of $16.60 million during the quarter, compared to analyst estimates of $16.83 million. Zix Corporation had a net margin of 10.49% and a return on equity of 15.64%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 EPS. research analysts anticipate that Zix Corporation will post 0.13 earnings per share for the current year.
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About Zix Corporation
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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