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Last $4.36 USD
Change Today -0.02 / -0.46%
Volume 349.6K
ZIXI On Other Exchanges
Symbol
Exchange
ZIXI is not on other exchanges.
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

zix corp (ZIXI) Snapshot

Open
$4.31
Previous Close
$4.38
Day High
$4.41
Day Low
$4.30
52 Week High
06/16/15 - $5.47
52 Week Low
12/8/14 - $3.03
Market Cap
250.8M
Average Volume 10 Days
412.1K
EPS TTM
$0.08
Shares Outstanding
57.5M
EX-Date
03/1/95
P/E TM
52.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for ZIX CORP (ZIXI)

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zix corp (ZIXI) Details

Zix Corporation provides email encryption, data loss prevention (DLP), and Bring-Your-Own-Device solutions to the healthcare, financial services, insurance, and government sectors in the United States. The company offers Zix Email Encryption, a software-as-a-service solution that allows an enterprise to use policy-driven rules to determine, which email messages should be sent securely to comply with regulations or company-defined policies. It also provides ZixDirectory, an email encryption community to share identities; ZixCorp’s Best Method of Delivery, which is designed to deliver email according to the sender’s encryption policy; and ZixGateway, an enterprise gateway that automatically decrypts the message. In addition, the company offers ZixDLP, an email-specific data loss prevention solution that reduces deployment time from months to hours and minimizes impact on customer resources and workflow; and ZixOne, a mobile email app, which provides access to corporate email while never allowing that data to be persistently stored on the device where it is vulnerable to loss or theft. It sells its email encryption, DLP, and ZixOne services through a direct sales force, and a network of resellers and other distribution partners. The company was formerly known as ZixIt Corporation and changed its name to Zix Corporation in 2002. Zix Corporation was founded in 1983 and is headquartered in Dallas, Texas.

198 Employees
Last Reported Date: 03/11/15
Founded in 1983

zix corp (ZIXI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $350.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $226.3K
Vice President of Engineering
Total Annual Compensation: $250.0K
Vice President of Client Services
Total Annual Compensation: $208.3K
Compensation as of Fiscal Year 2014.

zix corp (ZIXI) Key Developments

First State Bank of Rice Secures Data and Customer Trust with Zixcorp’s Full Suite of Email Data Protection Solutions

Zix Corporation announced that First State Bank of Rice(FSB) implemented its email encryption, email data loss prevention (DLP) and bring-your-own-device (BYOD) solution ZixOne® to secure financial and other sensitive data in email. Working with managed service provider Unicom Technologies Inc., FSB enhanced its security program and selected Zix® Email Data Protection to exceed industry best practices and protect the trust of its customers. To secure emails exchanged outside FSB, all employees use ZixGateway®, a policy-based email encryption solution. ZixGateway scans all outbound email and, if it detects any sensitive data, automatically encrypts the email. Automatic encryption provides reassurance to FSB and relieves employees of the hassle of determining when to invoke encryption. It also removes employee stress of accidentally sending sensitive data without encryption. FSB uses ZixDLPTM to prevent employees from accidentally sending an email to the wrong recipient or exchanging the wrong file. Using policy and quarantine filters, ZixDLP automatically protects FSB from leaking customer information and other sensitive data that should not leave its network in email. Unicom Technologies Inc. works with FSB to identify IT and security enhancements, implement leading solutions and plan an evolving security strategy that meets changing business needs. ZixOne addressed FSB’s increasing use of mobile devices by enabling easy, secure access to corporate email on employee mobile devices without jeopardizing customer data or employee control or privacy.

Zix Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Reiterates Earnings Guidance for the Full Year 2015

Zix Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $13,302,000, operating income of $1,733,000, income before income taxes of $1,762,000, net income of $1,115,000 or $0.02 per basic and diluted share as compared to revenue of $12,615,000, operating income of $1,587,000, income before income taxes of $1,599,000, net income of $977,000 or $0.02 per basic and diluted share for the same period prior year. Non-GAAP adjusted operating income was $2,261,000, non-GAAP adjusted net income was $2,154,000 or $0.04 per diluted share, EBITDA was $2,309,000, adjusted EBITDA was $2,837,000 compared to non-GAAP adjusted operating income of $2,259,000, non-GAAP adjusted net income of $2,174,000 or $0.04 per diluted share, EBITDA of $1,994,000, adjusted EBITDA of $2,666,000 for the same period prior year. Capital expenditures were $784,000. For the six months, the company reported revenue of $26,375,000, operating income of $3,573,000, income before income taxes of $3,625,000, net income of $2,291,000 or $0.04 per basic and diluted share as compared to revenue of $24,777,000, operating income of $3,234,000, income before income taxes of $3,308,000, net income of $2,036,000 or $0.03 per basic and diluted share for the same period prior year. Net cash provided by operating activities was $5,565,000 compared to $5,840,000 for the same period prior year. Purchases of property and equipment were $1,400,000 compared to $857,000 for the same period prior year. Non-GAAP adjusted operating income was $4,735,000, non-GAAP adjusted net income was $4,507,000 or $0.08 per diluted share, EBITDA was $4,677,000, adjusted EBITDA was $5,839,000 as compared to non-GAAP adjusted operating income of $4,420,000, non-GAAP adjusted net income of $4,283,000 or $0.07 per diluted share, EBITDA of $4,102,000, adjusted EBITDA of $5,288,000 for the same period prior year. The company provided earnings guidance for the third quarter and full year of 2015. For the third quarter 2015, the company forecasts revenue to be between $13.6 million and $13.9 million and Non-GAAP fully diluted adjusted earnings per share to be between $0.04 and $0.05. For the full-year 2015, the company reaffirms previously issued revenue guidance of $54 million to $56 million and fully diluted Non-GAAP adjusted earnings per share of $0.19 to $0.21. The company estimates cash flow from operations will exceed last year's amount.

Rick Spurr to Step Down as President and Chief Executive Officer of Zix Corporation

Zix Corporation announced that long-serving President and Chief Executive Officer (CEO) Rick Spurr has decided to step down from those roles after 11 years of successful leadership to pursue personal and charitable interests outside of the company. The company’s board of directors has engaged a nationally recognized executive search firm to conduct a search for the new president and CEO. Mr. Spurr has agreed to assist in the search process and to remain as president and CEO to ensure a smooth transition until the employment of his successor. He will continue to serve as a member of ZixCorp’s board of directors.

 

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Industry Analysis

ZIXI

Industry Average

Valuation ZIXI Industry Range
Price/Earnings 58.8x
Price/Sales 4.9x
Price/Book 4.1x
Price/Cash Flow 58.5x
TEV/Sales 4.4x
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