Zix Reports Third Quarter 2019 Financial Results
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Zix Corp. (ZIXI) PT Lowered to $9 at Cowen
November 1, 2019 7:55 AM EDTCowen analyst Nick Yako lowered the price target on Zix Corp. (NASDAQ: ZIXI) to $9.00 (from $11.00) while maintaining an Outperform rating.
The analyst commented, "ZIXI posted solid 3Q19 results, as revenue/Adj EBITDA were ~1%/2% above our forecasts and ARR surpassed $200MM for the first... More
ZixCorp (ZIXI) Reports In-Line Q3 EPS; Raises FY19 Revenue Outlook, Provides Q4 Guidance
October 31, 2019 7:06 AM EDTZixCorp (NASDAQ: ZIXI) reported Q3 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $47.8 million versus the consensus estimate of $47.27 million.
Third Quarter 2019 Financial Highlights (results compared to the same year-ago quarter)
Revenue increased 168% to $47.8 million. Total overall organic revenue growth across Zix and AppRiver was 15%.Annual recurring revenue (ARR), representing aggregate contract value attributable to the 12 months ending September 30, 2019, increased 167% to $200.3 million. Total overall organic ARR growth across Zix and AppRiver was 18%.GAAP net loss attributable to common stockholders totaled $3.7 million... More