Zix Corporation – a Company and Stock to Keep an Eye on
Zix Corporation provides email encryption, data loss prevention (DLP), and Bring-Your-Own-Device solutions to the healthcare, financial services, insurance, and government sectors in the United States. The company offers Zix Email Encryption that allows an enterprise to use policy-driven rules to determine, which email messages should be sent securely to comply with regulations or company-defined policies. It also provides ZixDirectory, an email encryption community to share identities; ZixCorps Best Method of Delivery, which is designed to deliver email based on the senders and recipients communications environment and preferences; and ZixGateway, which automatically encrypts and decrypts messages with sensitive content. In addition, the company offers ZixDLP, an email-specific data loss prevention solution that reduces deployment time from months to hours and minimizes impact on customer resources and workflow; and ZixOne, a mobile email app, which provides access to corporate email while never allowing that data to be persistently stored on the device where it is vulnerable to loss or theft. It sells its email encryption, DLP, and ZixOne services through a direct sales force, and a network of resellers and other distribution partners. The company was formerly known as ZixIt Corporation and changed its name to Zix Corporation in 2002. Zix Corporation was founded in 1983 and is headquartered in Dallas, Texas.
Zix Corporation is a company that specializes in the technology security segment. It offers services for email encryption, prevention of email data loss as well as development of mobile applications of the BYOD type, which stands for bring your own device. It serves a wide range of customers such as governmental divisions of the USA including the national Treasury, different federal financial regulators as well as providers of health insurance and financial companies. The company reported that it’s also serving over 1,200 hospitals as well as 1,600 banks. The main source of income for the company is based on the SaaS strategy which is short for software as a service. The company is also billing its customers annually for its services. It was founded back in 1983 and competes with corporations like IBM, Microsoft, Intel, VMware and other tech giants.
ZIXI.O – NASDAQ and Financials
There are quite a few things to be taken into consideration when researching this particular stock on the market. Right off the bat, as up to the 31st of March, 2016 which marks the ending of the first fiscal quarter, the company has managed to generate total revenue of $14,328 million. However, it reported a gross profit of $11,791 and after the deduction of all operating expenses, the company generated a net income of $1,570 million. The corporation has trading volume on the market of approximately 148,510 and marks a year low of 3.23 and a year high of 5.78.
Interesting News Impacting the Stock Movement of the Corporation
As of today, Zix Coropration managed to secure a contract extension with the Highland District Hospital for another five years. This is in regard with their Email Encryption technology. The news is expected to positively impact the stock movement of the company, so minor increases of value are to be expected.
It’s also worth noting that, as one of the leaders in email encryption, ZIXI also came up with a statement that throughout the 2015 FY they managed to increase their replacement wins with over 212%. A replacement win relates to the contracting of a new customer who’d previously used a competitive email encryption service. The results are quite promising. After reaching a new 52 week low, the stocks of this publicly traded company are expected to rise in value. This is further supported by the above-guidance Q1 report that the company issued just recently.