Northland Securities Keeps Their Buy Rating on Zix (ZIXI)
In a report released today, Nehal Chokshi from Northland Securities reiterated a Buy rating on Zix (ZIXI), with a price target of $12.00. The company’s shares closed last Monday at $7.06.
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 11.5% and a 59.3% success rate. Chokshi covers the Technology sector, focusing on stocks such as Super Micro Computer, Palo Alto Networks, and Avid Technology.
Zix has an analyst consensus of Moderate Buy, with a price target consensus of $12.00.
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Based on Zix’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $53.34 million and GAAP net loss of $1.9 million. In comparison, last year the company earned revenue of $45.92 million and had a GAAP net loss of $3.71 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ZIXI in relation to earlier this year.
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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. Zix Corp was founded in 1988 and is headquartered in Dallas, TX.