What happened Shares of Zix (NASDAQ: ZIXI) briefly popped today, rising as much as 13% earlier in the session after the company reported third-quarter earnings results. The stock has since given back most of those gains and is now up less than 1% as of 1:46 p.m. EST. So what Revenue in the third quarter was $54.8 million, topping the consensus estimate of $52.8 million. That resulted in adjusted net income of $9.2 million, or $0.17 per share, while Wall Street analysts were looking for just $0.15 per share in adjusted profits. The email cybersecurity technology company reported annual recurring revenue (ARR) of $222.3 million. Zix also said it had acquired data backup and recovery specialist CloudAlly. Image source: Getty Images. "Cloud data back-up is a critical component of a secure modern workplace, and we believe it will further improve our standing with current and potential partners as we enable them to navigate and thrive in an increasingly work-from-anywhere world," CEO David Wagner said in a statement. "Our continued, efficient rate of new customer acquisition and the rapid adoption of our Secure Cloud platform both underscore our early success on this long-term secular market trend." Now what Guidance for the fourth quarter calls for revenue of $56.4 million to $57.4 million, which includes $1 million from CloudAlly. Analysts are expecting $54.8 million in sales next quarter. Adjusted EPS is forecast at $0.16 to $0.17, compared to the consensus estimate of $0.15. That should bring total revenue for 2020 to $217 million to $218 million. 10 stocks we like better than ZixWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Zix wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source