Skip to main content

Putting Cash to Work in Zix

We believe the stock is oversold at current levels, so we are using today's downturn to add to our position.
  • Author:
  • Publish date:
Comments

U.S. stocks have given up earlier gains and are trading lower for the first time in four sessions. After you receive this Alert, we will put some cash to work in the model portfolio.

We will buy 200 shares of Zix (ZIXI), which is trading around $3.20. This purchase gives us a total of 2,250 shares of the company, which account for 4.35% of the overall portfolio.

At current levels, we believe the stock is oversold, relative to the company’s quarterly results that were released on Tuesday. Despite the mixed results, core trends remain strong, including a gradual ramp in demand for the company’s new data-loss prevention and bring-your-own device products.

*****************************************************

EXCLUSIVE OFFER: TheStreet Quant Ratings provides specific buy, sell, hold recommendations for over 4,000 stocks.

Learn more about this exciting new service: http://secure2.thestreet.com/cap/prm.do?OID=022846

*****************************************************

Visit TheStreet Stocks Under $10 site (available to subscribers ONLY) by clicking here: http://www.thestreet.com/k/su/index.html

To view TheStreet Stocks Under $10 portfolio on the Web, click here:http://www.thestreet.com/k/su/portfolio.html

For customer service on your account please visit: https://secure2.thestreet.com/cap/selfserve/

To view our Terms of Use click here:http://www.thestreet.com/static/about/terms-of-use.html

-----------------------------------------------------------

(c) 2014 TheStreet, Inc., 14 Wall Street, 15th Floor,New York, NY 10005, Attention: Customer Service Department