Media headlines about Zix Corporation (NASDAQ:ZIXI) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Zix Corporation earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 45.9668073503306 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Zix Corporation (NASDAQ:ZIXI) Experiences Lighter than Average Trading Volume (highlightpress.com)
- Zix Corp (ZIXI) MFI Reading Under the Microscope (overnewsmagazine.com)
- Zix Corporation (ZIXI) Expected to Announce Quarterly Sales of $16.84 Million (americanbankingnews.com)
- Needle Action Activity Spotted in Zix Corp (ZIXI) - Stock Press Daily (stockpressdaily.com)
- Analysts Anticipate Zix Corporation (NASDAQ:ZIXI) to Post $0.03 EPS (americanbankingnews.com)
Zix Corporation (NASDAQ:ZIXI) traded up 1.55% during trading on Friday, hitting $5.24. The stock had a trading volume of 161,480 shares. The company has a 50-day moving average of $5.50 and a 200-day moving average of $5.38. The stock has a market capitalization of $283.53 million, a P/E ratio of 43.67 and a beta of 1.36. Zix Corporation has a 52 week low of $3.71 and a 52 week high of $6.67.
Zix Corporation (NASDAQ:ZIXI) last released its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. Zix Corporation had a net margin of 10.48% and a return on equity of 16.24%. The firm had revenue of $16.38 million for the quarter, compared to analysts’ expectations of $16.34 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts expect that Zix Corporation will post $0.28 earnings per share for the current fiscal year.
Zix Corporation declared that its board has approved a stock buyback program on Tuesday, April 25th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
ZIXI has been the subject of several analyst reports. BidaskClub cut Zix Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research cut Zix Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Imperial Capital cut Zix Corporation from an “outperform” rating to an “in-line” rating and set a $6.50 price objective for the company. in a report on Tuesday, June 13th. Finally, Dougherty & Co reissued a “buy” rating and set a $7.00 price target (up previously from $5.50) on shares of Zix Corporation in a report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.08.
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In other news, Director Richard Spurr sold 5,126 shares of Zix Corporation stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $5.95, for a total value of $30,499.70. Following the transaction, the director now owns 26,404 shares in the company, valued at $157,103.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.50% of the stock is currently owned by insiders.
Zix Corporation 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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