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ZIXI - Zix News Story

$7.28 -0.1  -1.0%

Last Trade - 04/06/20

Sector
Technology
Size
Small Cap
Market Cap £332.8m
Enterprise Value £469.1m
Revenue £156.3m
Position in Universe 2996th / 6316

BUZZ-Zix picks up on earnings beat, Craig-Hallum says "buy"

Wed 24th October, 2018 2:52pm
** Shares of cyber security firm Zix Corp  ZIXI.O  jumped
~16 pct early Weds following earnings beat; Craig-Hallum
promotes to "buy" from "hold"
    ** ZIXI last up 14.2 pct at $5.78, among top percentage
gainers on the Nasdaq  .IXIC 
    ** On Oct 23, ZIXI posted Q3 adj EPS of 9 cents, beating
street estimate by a penny; revenue also came in above
expectations (Refinitiv)  urn:newsml:reuters.com:*:nBw7qsZ0sa
    ** Lead Craig-Hallum analyst Mike Malouf sees competitive
environment improving, churn stabilizing
    ** Adds that ZIXI's bundled offerings led to new orders
posting 20 pct+ yr/yr growth for second straight qtr
    ** With today's advance, ZIXI has gained ~31 pct so far this
year

 (Reporting by Stephen Culp)
 ((stephen.culp@thomsonreuters.com; 646-223-6076;))
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