Mimecast Limited (MIME) Posts Earnings Results, Beats Expectations By $0.05 EPS

Mimecast Limited (NASDAQ:MIME) released its quarterly earnings data on Monday, August 7th. The technology company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.05, Bloomberg Earnings reports. Mimecast Limited had a negative net margin of 3.73% and a negative return on equity of 9.67%. The firm had revenue of $58.16 million during the quarter, compared to analysts’ expectations of $54.96 million. During the same period in the previous year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 40.3% compared to the same quarter last year.

Mimecast Limited (NASDAQ:MIME) traded down 2.28% on Friday, hitting $26.99. The stock had a trading volume of 258,636 shares. The firm has a 50-day moving average of $27.59 and a 200 day moving average of $24.33. Mimecast Limited has a 52 week low of $14.50 and a 52 week high of $30.10. The company’s market capitalization is $1.53 billion.

ILLEGAL ACTIVITY WARNING: “Mimecast Limited (MIME) Posts Earnings Results, Beats Expectations By $0.05 EPS” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2017/08/19/mimecast-limited-mime-announces-earnings-results-beats-expectations-by-0-05-eps-updated.html.

A number of equities research analysts have recently weighed in on MIME shares. Benchmark Co. assumed coverage on Mimecast Limited in a report on Thursday, April 27th. They set a “buy” rating and a $30.00 target price for the company. Zacks Investment Research downgraded Mimecast Limited from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 13th. BidaskClub downgraded Mimecast Limited from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Needham & Company LLC began coverage on Mimecast Limited in a research note on Tuesday, July 25th. They set a “buy” rating and a $33.00 target price for the company. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $30.00 target price on shares of Mimecast Limited in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.46.

About Mimecast Limited

Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.

Earnings History for Mimecast Limited (NASDAQ:MIME)

What are top analysts saying about Mimecast Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mimecast Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit