$7.52 0.1 1.1%
Last Trade - 13/04/21
Market Cap | £309.1m |
Enterprise Value | £448.3m |
Revenue | £159.0m |
Position in Universe | 3704th / 6841 |
** Shares of email encryption provider ZIXI.O jump 10.1% to $8.80 premarket - set for their best day in over 9 months ** Zix beats revenue estimates for Q4, boosted by its acquisition of AppRiver last year; also forecasts current quarter and 2020 revenue above analysts' estimate ** Posts Q4 adjusted profit largely in line with estimates, forecasts 2020 adjusted profit above estimates urn:newsml:reuters.com:*:nL8N2AK9IE ** However, ZIXI posts Q4 net loss of $5.2 mln vs. net income of $9.2 mln last year due to acquisition-related expenses of $4.3 mln and a $2.1 mln dividend to preferred shareholders ** Brokerage Wedbush hikes PT on stock by $3 to $13, sees large market opportunity for Zix going forward ** We applaud Zix's "aggressive" move to beef up position in cloud-based email security market and encryption as other enterprises also shift to a cloud-based environment - Wedbush ** Average rating on stock is "buy"; median PT is $13 - Refinitiv data ** Up to Thursday's close, stock had risen ~18% YTD (Reporting by Ambhini Aishwarya in Bengaluru) ((Ambhini.Aishwarya@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3268;))