Zix Corporation (ZIXI) announced its third-quarter results beating the revenue estimates

Zix (ZIXI) reported Q3 results with quarterly earnings of $0.17 per share compared to $0.13 per share a year ago. The estimates were at $0.15 per share.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!


The earning has been increased at a surprise rate of 13.33% in the third quarter. A quarter ago, it was estimated that the e-mail encryption company would earn $0.14 per share but it earned $0.15 per share with an increase of 7.14% in the 2nd quarter. In the last two quarters, the company beat the earnings estimates.

Zix posted revenue of $54.84 million for the thirdquarter ended September 2020, beating the revenue estimates four times over the last four quarters. Zix gains 8.6% at S&P500 but lost 1% since the beginning of the year.

Investors are not sure about the future of the Zix’s stock as the company underperformed this year.There is no tool or technique to answer investors question except one reliable measure that can help investors is the company’s earnings outlook.

There is a strong connection between near-term stock movements and trends in earnings estimate revisions. Investors can use tools like Zacks Rankor can track such revisions by themselves.

The current estimate is $0.15 on $55.31 million in revenues for the coming quarter and $0.59 on $214.80 million in revenues for the current fiscal year and it will be interesting to see how the numbers changed for the current quarter and fiscal year.

Investors should be careful about the material impact from the industry outlook on stock performance. The security industry is currently in the bottom 31% of the 250 plus Zacks industries. The results show that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Leave a Comment

Your email address will not be published. Required fields are marked *

More Posts

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.