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Why Zix Stock Got Crushed Today

TheMotleyFool

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Shares of Zix (NASDAQ: ZIXI) have been crushed today, and were down by 14% as of 11:05 a.m. EST, after the company reported fourth-quarter earnings. Investors may have been disappointed with the company's full-year profit guidance.

Revenue in the fourth quarter came in at $57.9 million, ahead of the consensus estimate of $54.8 million. That resulted in adjusted earnings per share of $0.16, right on target with what Wall Street analysts were expecting. The email cybersecurity technology company said that annual recurring revenue (ARR) was $237.7 million. Adjusted EBITDA was $13.4 million.

Image source: Getty Images.

Source Fool.com

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