Zix (ZIXI) Receives a Buy from Stephens

In a report released today, Brian Colley from Stephens maintained a Buy rating on Zix (ZIXIResearch Report), with a price target of $11.00. The company’s shares closed last Friday at $7.49.

According to TipRanks.com, Colley is a 3-star analyst with an average return of 15.9% and a 83.3% success rate. Colley covers the Technology sector, focusing on stocks such as Ping Identity Holding, Everbridge, and Mimecast.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zix with a $10.75 average price target.

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Zix’s market cap is currently $426.3M and has a P/E ratio of -21.30. The company has a Price to Book ratio of -1.37.

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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.