Zix Corp. (NASDAQ:ZIXI) dropped 1.3% on Monday . The stock traded as low as $3.78 and last traded at $3.81, with a volume of 56,448 shares traded. The stock had previously closed at $3.86.

ZIXI has been the topic of several research analyst reports. Zacks Investment Research lowered Zix Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Imperial Capital reissued an “outperform” rating and set a $5.50 target price on shares of Zix Corp. in a research report on Monday, July 25th. Finally, TheStreet lowered Zix Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. One 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. Zix Corp. currently has a consensus rating of “Hold” and a consensus target price of $5.50.

The company has a 50-day moving average of $3.90 and a 200-day moving average of $3.90. The stock has a market cap of $201.84 million and a P/E ratio of 43.41.

Zix Corp. (NASDAQ:ZIXI) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. During the same quarter in the prior year, the company earned $0.04 earnings per share. The firm had revenue of $14.90 million for the quarter, compared to analyst estimates of $14.70 million. The business’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that Zix Corp. will post $0.24 EPS 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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