Zix Corp. (NASDAQ:ZIXI) shares shot up 2.1% on Wednesday . The stock traded as high as $3.87 and last traded at $3.86, with a volume of 59,881 shares traded. The stock had previously closed at $3.78.

Several research firms have recently weighed in on ZIXI. Imperial Capital reissued an “outperform” rating and issued a $5.50 price objective on shares of Zix Corp. in a research report on Monday, July 25th. TheStreet lowered Zix Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, Zacks Investment Research lowered Zix Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $5.50.

The company’s 50 day moving average is $3.91 and its 200 day moving average is $3.91. The stock has a market capitalization of $204.49 million and a P/E ratio of 43.98.

Zix Corp. (NASDAQ:ZIXI) last announced its earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The company earned $14.90 million during the quarter, compared to analysts’ expectations of $14.70 million. During the same quarter last year, the firm posted $0.04 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. Analysts anticipate that Zix Corp. will post $0.24 earnings per share for the current year.

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.

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