ZixCorp (ZIXI) Coverage Initiated at Northland Securities

ZixCorp (ZIXI) has been issued coverage at Northland Securities and has set the company to Outperform.  Northland has set a price target for ZIXI at $4.50 dollars.

Zix Corp is slated to have their next earnings release on July 26, 2011.  The company is currently trading below its 50 & 200-day moving averages with a yearly high of $4.88 and low of $2.09.

Zix Corporation (ZIXI) is a leader in providing email encryption services. ZixCorp’s Email Encryption Service enables the use of secure email for sensitive information exchange primarily in the healthcare, financial services, insurance and government sectors. More than 1,200 hospitals and over 1,500 financial institutions, including some of the most influential companies and government organizations, use their Email Encryption Service.

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