August 9, 2005
SpeculatingStocks.com Stock Pick: Zix Corporation (ZIXI)
Stock Price: $2.92 (short-term strong buy)
Zix Corporation provides easy-to-use-and-deploy e-communication services that protect, manage, and deliver sensitive information to enterprises and consumers in healthcare, finance, insurance, and government. The company's eHealth services improve patient care, reduce costs, and improve efficiency through e-prescribing and e-lab solutions.
After the bell today, ZIXI closed on a $26.3 million private placement that will allow the company to accelerate its growth. Now, that the company has received funding, we believe they will begin to announce major plans within the next few weeks.
ZIXI has major support at $2.60 and has broken through $3.80 several times in the past six months.
SpeculatingStocks.com Target Price: We expect ZIXI to break $4.00 within the next four to six weeks.