Revenue Update on Zix Corporation(NASDAQ:ZIXI)

Zix Corporation(NASDAQ:ZIXI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $14.93M. Analysts estimated a revenue of $14.70M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.06.

Zix Corporation (ZIXI) made into the market gainers list on Fridays trading session with the shares advancing 3.05% or 0.12 points. Due to strong positive momentum, the stock ended at $4.06, which is also near the day’s high of $4.06. The stock began the session at $3.94 and the volume stood at 1,53,483 shares. The 52-week high of the shares is $5.78 and the 52 week low is $3.23. The company has a current market capitalization of $222 M and it has 5,46,07,220 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 2, 2016, Richard Spurr (director) sold 66,724 shares at $3.78 per share price.Also, On Mar 16, 2016, David Wagner (CEO) purchased 60,000 shares at $3.57 per share price.On Feb 22, 2016, Maribess L Miller (director) purchased 10,000 shares at $3.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Zix Corporation (ZixCorp) offers email encryption data loss prevention and Bring-Your-Own-Device (BYOD) security to meet business data protection and compliance needs. The Company’s products include Zix Email Encryption; ZixDirectory; ZixGateway; ZixDLP and ZixOne. ZixCorp’s business operations and service offerings are supported by the ZixData Center. It serves organizations in the healthcare financial services insurance and government sectors including federal financial regulators such as the Federal Financial Institutions Examination Council (FFIEC) divisions of the United States Treasury the United States Securities and Exchange Commission (SEC) one of four United States banks over 30 Blue Cross Blue Shield organizations and one in every five United States hospitals.

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