Zix Corporation (NASDAQ:ZIXI) is set to announce third quarter earning results on Monday 9th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ZIXI to report 3Q20 income of $ 0.15 per share.
For the full year, analysts anticipate top line of $ 214.80 million, while looking forward to income of $ 0.58 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.15 ~ $ 0.16 per share, while revenues are expected in a range of $ 53.50 million ~ $ 54.00 million
Full Year 2020 topline are forecasted in a range of$ 211.00 million ~ $ 217.00 million, where as bottomline are predicted in a range of $ 0.58 ~ $ 0.60 per share
Click Here For More Historical Outlooks Of Zix Corporation
Previous Quarter Performance
Zix Corporation revealed income for the second quarter of $ 0.15 per share, from the revenue of $ 53.34 million. Street analysts expected Zix Corporation to report income of $ 0.14 per share on revenue of $ 52.37 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 7.14 percent, at the same time, top line results outshined analysts by $ 0.97 million or 1.85 percent.
Stock Performance
On Friday, shares of Zix Corporation has traded high as $ 7.18 and has cracked $ 6.66 on the downward trend, reaching $ 6.71 with volume of 608.90 thousand shares.
According to the previous trading day, closing price of $ 6.71, representing a 153.17 % increase from the 52 week low of $ 2.84 and a 22.6 % decrease over the 52 week high of $ 9.29.
The company has a market capital of $ 403.55 million and is part of the Technology sector and Software – Application industry.
Conference Call
Zix Corporation will be hosting a conference call at 5:00 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.zixcorp.com
Zix Corporation provides email encryption, data loss prevention (DLP), threat protection, archiving, and bring-your-own-device mobile security solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers ZixEncrypt that bundles email encryption and DLP capabilities to enable the secure exchange of email; ZixProtect, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spam, and viruses in email; and ZixArchive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery. It also provides ZixOne, a mobile email app, which offers mobile access to corporate email and does not allow data to be persistently stored on employees device.
