In a report released today, Tim Klasell from Northland Securities maintained a Buy rating on Zix Corporation (ZIXI), with a price target of $10. The company’s shares closed yesterday at $8.23.
According to TipRanks.com, Klasell is a 5-star analyst with an average return of 20.3% and a 71.8% success rate. Klasell covers the Technology sector, focusing on stocks such as Tyler Technologies, Proofpoint Inc, and Carbonite Inc.
Currently, the analyst consensus on Zix Corporation is a Moderate Buy with an average price target of $10.
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Zix Corporation’s market cap is currently $446M and has a P/E ratio of 29.06. The company has a Price to Book ratio of 7.32.
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Zix Corp. provides an email encryption and security solutions. Its services enable the use of secure email for sensitive information exchange primarily in the healthcare, financial services, insurance and government sectors. The company products include Zixencrypt, Zixprotech, Zixmail, Zixarchive and Zixone.
