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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/9/2021 | $12.00 → $8.50 | Outperform → Market Perform | Northland Capital Markets |
| 11/9/2021 | $12.00 → $8.50 | Buy → Hold | Craig-Hallum |
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Northland Capital Markets downgraded Zix from Outperform to Market Perform and set a new price target of $8.50 from $12.00 previously
Craig-Hallum downgraded Zix from Buy to Hold and set a new price target of $8.50 from $12.00 previously
Colliers Securities resumed coverage of ZIX with a rating of Buy and set a new price target of $10.00
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Everbridge, Inc. (NASDAQ:EVBG), the global leader in critical event management (CEM) and national public warning software solutions, today announced that David Wagner, formerly President and Chief Executive Officer of Zix, has been appointed President and Chief Executive Officer, effective immediately, and will become a member of the Board of Directors. Patrick Brickley, who has served as Co-CEO and Chief Financial Officer, and Vernon Irvin, who has served as Co-CEO and Chief Revenue Officer, will continue in their roles as Chief Financial Officer and Chief Revenue Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220725005
WATERLOO, ON, Dec. 23, 2021 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX), (TSX:OTEX) today announced that it has completed the closing of the previously announced acquisition of Zix Corporation (NASDAQ:ZIXI) ("Zix"), a leader in SaaS-based email encryption, threat protection and compliance cloud solutions for Small and Medium-sized Businesses (SMBs). "I would like to welcome Zix customers, partners, and employees to OpenText. Combined, we will be able to provide our customers a powerhouse SMB platform for data protection, threat management, email security and compliance solutions,
WATERLOO, Ontario, Dec. 21, 2021 /PRNewswire/ -- In connection with the previously announced agreement to acquire Zix Corporation (NASDAQ:ZIXI) ("Zix"), OpenText™ (NASDAQ:OTEX) (TSX:OTEX) announced today that it has extended the expiration of its tender offer for all outstanding shares of common stock of Zix at a price of U.S. $8.50 per share, through its subsidiary, Zeta Merger Sub Inc. The tender offer is now scheduled to expire at one minute after 11:59 P.M., Eastern time, on December 22, 2021 unless it is further extended. The tender offer was previously scheduled to expire at one minute after 11:59 P.M., Eastern time, on December 20, 2021. The depositary for the tender offer has advis
Record Net Dollar Retention of 103.1% Driven by Strong Customer Adoption of CloudAlly and Secure Cloud 18% Increase in Revenue and Annual Recurring Revenue (ARR) Generated $10.1 Million in Cash Flow from Operations, $35.5 Million Year-to-date, up 46.7% Cash Position Increased $5.1 Million or 15.0% to $39.0 Million Compared to Q2 2021 Zix Corporation (Zix) (NASDAQ:ZIXI), a leading provider of cloud email security, productivity, and compliance solutions, today announced financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights (results compared to the same year-ago quarter) Revenue increased 18% to $64.9 million. Annual recurring r
Announcement Provides Liquidity and Value Certainty for Zix Stockholders, Follows Extensive Process Zix Corporation (NASDAQ:ZIXI) ("Zix"), a leading provider of cloud email security, threat protection and compliance cloud solutions for Small and Medium-sized Businesses (SMBs), today announced that it has entered into a definitive agreement to be acquired by OpenText™, a market-leading provider of Information Management solutions, for $8.50 per share in cash, representing an enterprise value of $860 million. "We are pleased to announce this transaction with OpenText," said Robert Hausmann, Chairman of Zix. "Following a strategic review conducted by our Board of the Directors (the "Board"),
Strengthens SMB Platform with Cloud-based Email Security & Compliance Solutions, Brings 5,600 Managed Service Partners, Extends Microsoft Relationship WATERLOO, ON, Nov. 8, 2021 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX), (TSX:OTEX) today announced that it has entered into a definitive agreement to acquire Zix Corporation, Inc. (NASDAQ:ZIXI) ("Zix"), a leader in SaaS-based email encryption, threat protection and compliance cloud solutions for Small and Medium-sized Businesses (SMBs). "We are pleased to announce our intent to acquire Zix, and I look forward to welcoming Zix customers, partners and employees to OpenText," said OpenText CEO & CTO Mark J. Barrenechea. "We intend to integrate Car
Everbridge, Inc. (NASDAQ:EVBG), the global leader in critical event management (CEM) and national public warning software solutions, today announced that David Wagner, formerly President and Chief Executive Officer of Zix, has been appointed President and Chief Executive Officer, effective immediately, and will become a member of the Board of Directors. Patrick Brickley, who has served as Co-CEO and Chief Financial Officer, and Vernon Irvin, who has served as Co-CEO and Chief Revenue Officer, will continue in their roles as Chief Financial Officer and Chief Revenue Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220725005