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Preview for a Software Name

Ahead of its report after today's close, we are expecting another set of solid quarterly earnings from this company.
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Model portfolio name Zix (ZIXI) is set to report its quarterly results after today's close of trading. This Alert is a preview of the company's numbers and we're not recommending any trades for the model portfolio.

Zix is expected to earn $0.04 a share in the first quarter, the same result as a year ago, on $11.9 million of revenue. In addition, investors pay close attention to the company's reported new, first-year orders each quarter. Management has exceeded the consensus analyst profit estimate for three straight quarters and we are expecting another solid result this time around.

Zix will host a conference call at 5 p.m. EDT that investors can access at 877-415-3183, using the passcode 38609716. A replay will also be available for a week at 888-286-8010, using the passcode 72196649. Both the live call and a replay can be accessed at the company's website:http//investor.zixcorp.com. On the call, we'll be listening for any order guidance from Zix. We'll also be on the lookout for an update from management about the financial impact of the company's recent patent settlement with RPost.

Ahead of the numbers, we reiterate our Two rating on the company, whose shares were recently trading around $3.69. We continue to believe the stock can trade up through $4 in the coming months.

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