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NEW YORK (Real Money) -- Shares of Zix (ZIXI) - Get Zix Corporation Report were more than 8% higher in Thursday afternoon trading, changing hands at around $4.23 per share, after the email-data-protection company announced a strategic partnership with Cisco Systems (CSCO) - Get Cisco Systems, Inc. Report. This Alert is an update on the company, and we're not recommending any trades for the model portfolio at this time.

Zix said Thursday morning that it forged an original equipment manufacturing (OEM) deal with Cisco to help distribute its enhanced email-encryption products in two new, co-sourced products that are slated for introduction later this year.

Jim Cramer's charitable trust Action Alerts PLUS owns CSCO. Read his thoughts on the company's recent earningshere.

The company didn't provide financial details of the partnership, but we note that its OEM efforts have been a significant growth driver in recent quarters. A marquee partner, such as Cisco, could also increase the total addressable market for Zix's new bring-your-own device and data-loss protection products.

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We maintain our "Two" rating on the shares (meaning we'll buy on a pullback), as we believe the price can move up and through $5 per share by year's end.

At the time of publication, the author held no positions in the stocks mentioned. David Peltier is the portfolio manager of TheStreet’s Dividend Stock Advisor, a newsletter service that seeks solid stocks that are likely to both increase dividends and appreciate in value. Get access to a portfolio that lays out a strategy for safe, sound, money-making solutions from companies you will recognize at www.dividendstockadvisor.com