Mimecast Limited (MIME) Scheduled to Post Quarterly Earnings on Wednesday

Mimecast Limited (NASDAQ:MIME) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.

Mimecast Limited (NASDAQ:MIME) last released its earnings results on Monday, August 7th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The business had revenue of $58.16 million for the quarter, compared to the consensus estimate of $54.96 million. Mimecast Limited had a negative return on equity of 9.67% and a negative net margin of 3.73%. Mimecast Limited’s quarterly revenue was up 40.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share.

Mimecast Limited (MIME) opened at $31.06 on Monday. Mimecast Limited has a 1-year low of $16.75 and a 1-year high of $32.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.14.

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A number of equities analysts recently commented on the company. Royal Bank Of Canada restated a “buy” rating and set a $33.00 price objective on shares of Mimecast Limited in a report on Wednesday, October 18th. Zacks Investment Research cut Mimecast Limited from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Needham & Company LLC restated a “buy” rating and set a $35.00 price objective on shares of Mimecast Limited in a report on Tuesday, September 12th. Jefferies Group LLC restated a “buy” rating and set a $35.00 price objective on shares of Mimecast Limited in a report on Sunday, September 10th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $36.00 price target (up from $32.00) on shares of Mimecast Limited in a research note on Wednesday, August 9th. One equities 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’s stock. The company has an average rating of “Buy” and a consensus price target of $31.08.

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)

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