ZIXI - Why Zix Shares Rose Today
Shares of Zix (NASDAQ: ZIXI) gained as much as 16.2% on Friday. The email security specialist published its fourth-quarter earnings report, edging out Wall Street's estimates.
Fourth-quarter sales rose by 72% year over year to land at $50.4 million. Your average analyst would have settled for $49.6 million. Earnings were in line with the Street's consensus, posting a 41% decline to $50.4 million. Looking ahead, the company's earnings guidance stuck close to the analyst view for both the first quarter and the full fiscal year, but revenue projections came in 5% ahead of the respective analyst views.
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