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ZIXI - Zix News Story

$6.23 0.1  1.0%

Last Trade - 22/05/20

Sector
Technology
Size
Small Cap
Market Cap £291.6m
Enterprise Value £432.4m
Revenue £161.6m
Position in Universe 3077th / 6358

BUZZ-Zix Corp: Hits 15-year high on Q1 rev beat, 2019 forecast raise

Fri 3rd May, 2019 3:57pm
** Shares of email encryption provider  ZIXI.O  soar as much
as 30% to hit a 15-year high of $10.64 after Q1 revenue beat
estimates, raises FY forecasts 
    ** AppRiver deal helped new first year orders (NFYO) surge
76% in the quarter  urn:newsml:reuters.com:*:nBw8dMrMga
    ** ZIXI had entered into an agreement to buy AppRiver, a
cloud-based cybersecurity provider, in Jan.
    ** Forecasts 2019 revenue, adj profit forecast well above
estimates    
    ** More than 3 mln ZIXI shares traded, ~4x its 30-DMA
    ** Current avg rating on stock is "buy"; median PT $11
    ** Stock has surged 83% this year

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Reuters Messaging:
Amy.CarenDaniel.thomsonreuters.com@reuters.net))
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