Mimecast (NASDAQ:MIME) – Investment analysts at Oppenheimer increased their Q4 2019 earnings estimates for Mimecast in a research note issued to investors on Tuesday, May 15th. Oppenheimer analyst S. Eyal now expects that the technology company will post earnings of $0.08 per share for the quarter, up from their prior forecast of $0.04.
Mimecast (NASDAQ:MIME) last issued its earnings results on Monday, May 14th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The business had revenue of $73.40 million during the quarter, compared to the consensus estimate of $71.61 million. Mimecast had a negative net margin of 5.38% and a negative return on equity of 12.51%. The firm’s revenue was up 40.1% on a year-over-year basis.
Shares of NASDAQ MIME opened at $43.95 on Thursday. Mimecast has a 1 year low of $41.11 and a 1 year high of $42.36. The stock has a market capitalization of $2.37 billion, a PE ratio of -231.32 and a beta of 0.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.39 and a current ratio of 1.39.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. increased its holdings in Mimecast by 72.3% during the first quarter. Sei Investments Co. now owns 3,473 shares of the technology company’s stock worth $123,000 after buying an additional 1,457 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Mimecast by 21.1% during the first quarter. Allianz Asset Management GmbH now owns 17,740 shares of the technology company’s stock worth $629,000 after purchasing an additional 3,085 shares during the period. Peregrine Capital Management LLC boosted its position in Mimecast by 0.6% during the fourth quarter. Peregrine Capital Management LLC now owns 577,305 shares of the technology company’s stock worth $16,551,000 after purchasing an additional 3,419 shares during the period. American Century Companies Inc. boosted its position in Mimecast by 2.8% during the fourth quarter. American Century Companies Inc. now owns 193,162 shares of the technology company’s stock worth $5,538,000 after purchasing an additional 5,187 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Mimecast by 1.6% during the fourth quarter. Bank of New York Mellon Corp now owns 391,621 shares of the technology company’s stock worth $11,229,000 after purchasing an additional 6,041 shares during the period. Institutional investors and hedge funds own 64.80% of the company’s stock.
In related news, insider Neil Murray sold 25,000 shares of the business’s stock in a transaction on Monday, April 23rd. The shares were sold at an average price of $37.72, for a total transaction of $943,000.00. Following the transaction, the insider now directly owns 2,782,865 shares in the company, valued at $104,969,667.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Edward Vincent Jennings sold 7,500 shares of the business’s stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $37.84, for a total transaction of $283,800.00. Following the transaction, the chief operating officer now owns 7,500 shares in the company, valued at $283,800. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,000 shares of company stock worth $2,229,240.
Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.
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