Why Zix Stock Jumped Today
Shares of Zix (NASDAQ: ZIXI) have jumped today, up by 11% as of 1 p.m. EDT, after the company reported first-quarter earnings. The email cybersecurity specialist beat revenue expectations but modestly cut its guidance for 2020.
Revenue in the first quarter increased 79% to $52.4 million, topping the consensus estimate of $45.5 million. That translated into adjusted earnings per share of $0.12, $0.01 shy of the $0.13 per share in adjusted profits that analysts were expecting. Annual recurring revenue (ARR) grew to $214.3 million.
Image source: Getty Images.
Source Fool.com
